As the current bear market could be the worst on record, on-chain metrics signal the Bitcoin (BTC) network has become more and more resilient, stated Glassnode analyst James Check throughout a recent interview with Cointelegraph.
Particularly, Check refers back to the quantity of Bitcoin holders who don’t sell even just in extreme market conditions, that has become much greater compared to previous bear markets.
“Cycle after cycle, that floor of hodlers is greater, the quantity of activity is greater,” Check stated.
Check also highlights that shrimps, the entities who hold under one Bitcoin, are accumulating in a record pace, surpassing the quantity of a 2017 bull market’s peak.
“The shrimp are basically seeing this can be a an enormous duration of value,” he described.
Browse the full interview on the YouTube funnel out on another forget a subscription!
