is witnessing an intriguing shift in market dynamics as long-term holders, or “Hodlers,” adopt a more restrained approach to selling in the current market cycle.
Unlike past cycles, where significant sell-offs often coincided with peak prices, this measured reduction suggests a shift in strategy among Hodlers, reflecting caution and a desire to hold through the current price appreciation.This tempered approach contrasts with historical behavior, where rapid price increases led to more aggressive selling.
The RSI remains well below the overbought threshold of 70, indicating that the asset still has room to grow before it faces stronger selling resistance.The Choppiness Index also points to stability, standing at 49.90, which indicates a relatively balanced trend without excessive volatility. A CHOP reading around 50 usually implies that the market is neither in a strong trend nor highly volatile.
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Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »