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As crypto markets face their biggest downturn of the cycle, long-term investors are increasingly holding onto their assets, analysts say.
Bitcoin is grappling with the most significant downtrend of the current cycle, but recent data suggests a shift towards a more patient and resilient investor base. According to a Glassnode report on Aug. 13, the market is experiencing its “largest downtrend of the cycle,” following an extended period of aggressive distribution by investors.
Despite the challenging conditions, there’s a growing trend among long-term holders to retain their assets rather than sell, signaling a shift in investor behavior toward “hodling.”
The Accumulation Trend Score, which measures market-wide accumulation patterns, has reached its highest possible value of 1.0, indicating a return to accumulation. Glassnode reports that this cohort has now “returned to a preference for HODLing, with a total volume of +374,000 BTC migrating into LTH status over the last three months.” 1 reply
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