Signal: $BTC Holders Stayed Strong Through a 46% Drop

The February decline removed about $1 trillion from the crypto market. Data from Oobit shows the reaction looked more like holding than capitulation.

Around 85% of $BTC holders did not sell. About 8% panic sold, while roughly 25% used the dip to accumulate.

About 70% of Gen Z investors still expect a new all-time high. Reddit sentiment also remained about 2-to-1 bullish during peak fear.

This behavior is similar to the accumulation seen in late 2022 before the move toward the $69k area.

Verdict: When most holders stay through a 46% correction, it suggests strong long-term conviction. The data points to an accumulation phase.

#BTC #Bitcoin #DiamondHands #Accumulation #CryptoSignal

BTC

71,474.29

+1.20%