According to On-Chain Data, Crypto Holders are Reluctant to Sell Bitcoin and Ethereum

It is a fact that many investors and traders take their insight from the on-chain patterns appearing for a certain cryptocurrency. If the market is jolted down and things are looking bad, the investors would simply wait a little longer until the market is back in flux. By studying the data charts appearing on the on-chain analytics, they get an idea of market trends. The current patterns over the on-chain suggest that both Bitcoin and Ether holders are not going to sell their assets and are going to wait for a more promising time in terms of the crypto prices increasing.

On the whole, there seems to be a downtrend among the selling of the new coins, which are only just being minted; this dictates a pattern of holding across the board. The crypto supply is already in a plummet, and whatever new token is minted is smashed right off the blockchain by the long-term investors and withholders. On a general note, there is this aspiring trend to hold onto the new coins rather than spending them, and it is true for both Bitcoin and Ether simultaneously. Talking about Ether, there are only 12.5% of the new tokens which are actually in circulation, which means all the rest of the Ether is either in holding or being channelized into it as we speak.

Crypto coins dating all the way back from three months to a year were speculated during this statistical approach, and liquidity is something that is missing across the board studying the current on-chain metrics. A lot of this attitude has to do with the influence which the crypto market experiences by the likes of Mark Cuban, Elon Musk, and some other celebrities.

They are actually racing people into investing their money into cryptocurrency and then withholding these assets for an unforeseeable time period. Only when the market promises an uptick among the crypto prices, these withholders will let go of their digital assets and will start liquidating only to bring the market to its knees or close to a simultaneous collapse. This is a consistent and ongoing cycle, and it has been in the works for some time now.

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