Bitcoin has fallen more than 70% from its all-time high of around $2021 in 70.000. The reigning cryptocurrency has been struggling for the past few weeks to stay above $20000, which was its high support towards the end of 2017. In this context, far from selling their cryptocurrencies, most BTC investors have held on to them in the bear market and have opted to hold. In total, 62% of bitcoin addresses have not sold their cryptos for more than a year.
This data was first obtained by Finbold, and as confirmed by IntoTheBlock, in addition to the fact that 62% of addresses on the Bitcoin blockchain have not sold their BTC for over a year, 32% of investors have held their cryptocurrencies for between one and twelve months, Which means that just over five percent have been holding for less than a month.
Likewise, for users who want to keep their cryptocurrencies, there are very interesting alternatives that allow them to obtain rewards for staking. At Bit2Me Earn, you can earn rewards for staking bitcoin in a safe, easy, and commission-free manner. This Bit2Me service offers a lot of freedom to withdraw or add cryptocurrencies at any time, making it a great alternative to earn rewards for supporting security and operations on the blockchain network.
While major crypto assets have fallen following statements from the President of the Federal Reserve Bank of New York and the Governor of the Bank of Estonia suggesting that major central banks are far from controlling inflation, as rising interest rates increase the risk of recession and are seen as a negative for risk assets like BTC, it is also worth noting that For the vast majority of Bitcoin advocates, the bear market is an opportunity to accumulate more cryptocurrencies, betting on a price rebound.
Various analysts, such as Mike McGlone of Bloomberg Intelligence, have stated that they believe that Bitcoin, along with other assets such as gold, will increase in price during the second half of 2022.
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