Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»Bitcoin hodlers are getting bolder, and some won’t sell for $1 million BTC.
TRADING NEWS

Bitcoin hodlers are getting bolder, and some won’t sell for $1 million BTC.

By Crypto FlexsDecember 7, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin hodlers are getting bolder, and some won’t sell for  million BTC.
Share
Facebook Twitter LinkedIn Pinterest Email

More than a third of Bitcoin holders would be reluctant to sell even a small portion of their Bitcoin, even if the price reaches $1 million. Moreover, on-chain analysis confirms that more Bitcoin supply is becoming dormant as holders refuse to sell.

On December 6, MicroStrategy CEO Michael Saylor conducted a survey among his 3 million X followers, asking them how high BTC would have to go before selling some of their holdings.

Strengthening the Bitcoin Hodl Narrative

Surprisingly bright-hearted. vote In less than a day, we received over 87,000 responses.

The 36.6% who responded with $1 million or nothing is also notable, as this is not a small number of BTC holders.

If more than a third of Bitcoin holders do not plan to sell, it could put extreme pressure on supply and demand, potentially pushing the price higher.

However, 30% of respondents said they would sell some of their BTC if the price reached $100,000. About 19% were waiting for $250,000, and 14% would sell some for $500,000 per BTC.

Read more: 7 Cryptocurrencies You Must Have in Your Portfolio Before the Next Bull Market

“If only we could weight these responses in the market based on the amount of coins each vote holds,” said Bitcoin author Preston Pysh.

Others said they would only cash out when they needed fiat for expenses and bills.

Earlier this year, BeInCrypto reported that Bitcoin’s dormant supply was increasing as holders refused to sell.

Nonetheless, there is always some profit taking in bull markets and panic selling in bear markets. The biggest influencers on the market will be whales, corporate holders, and soon ETF issuers.

But this week CryptoQuant reported There was a transaction of 1,000 BTC that had been dormant for over 10 years.

BTC price outlook

Bitcoin price has remained stable over the past 24 hours and is maintaining its recent upward trend. As a result, the asset was trading at $43,940 on the spot market at the time of this writing.

BTC/USD 1 week.  Source: BeInCrypto
BTC/USD 1 week. Source: BeInCrypto

Resistance at $44,000 is strengthening, but there is a larger band at the key Fibonacci level slightly higher at $47,000. Therefore, another rally could be expected before the market corrects.

Altcoins are generally in retreat today, with total market capitalization down slightly to $1.67 trillion.

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025
Most Popular

Decentralized real estate trading platform based on Solana (SOL), token rises and falls after listing on Coinbase

December 20, 2024

Ethereum’s Buterin Vows to Only Support Highly Decentralized Layer 2 Projects

September 12, 2024

HKMA forms “Project Ensemble Architecture Community” to form tokenization standards

May 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.