Sign of Bitcoin Bull Continuation: Nobody Wants to Sell!

According to on-chain data, investors are quite reluctant to sell Bitcoin (BTC). Data reported by Glassnode shows that Bitcoin investors are staying loyal to their Bitcoin and avoiding selling. According to the data, the amount of Bitcoin transferred on-chain is significantly lower than during the previous bull market peak, and investors have almost resorted to the strategy of holding on to their Bitcoins. During the peaks of the previous bull market, the average Bitcoin transfer amount exceeded $1 million, while currently the transferred Bitcoin volume in the past 7 and 14 days has been below $200,000. This clearly demonstrates investors’ confidence in Bitcoin assets and the future. Addressing the issue, analysts at Blockware Intelligence highlighted the following: The average on-chain transfer volume (in USD) is well below the 2021 bull market peak. Almost nobody is transferring any Bitcoin. Nobody wants to sell Bitcoin.