As the crypto market experiences a period of volatility, the number of long-term holder coins held at a loss has risen to 4.3 million, accounting for 22.2% of the circulating supply. Despite this, HODLers are not losing faith in their investments, as most of the underwater coins remain stationary despite incurring severe unrealized losses.
This data suggests that crypto investors remain committed to the long-term potential of their holdings, despite short-term price fluctuations. Many investors are unwilling to sell at a loss, as they believe that the market will eventually recover and that their investments will ultimately yield a profit.
This resilience is not new to the crypto market, as it has endured many ups and downs throughout its history. However, it is reassuring to see that HODLers are staying strong in the face of current market conditions.
It is worth noting that this data only represents a snapshot of the current state of the market, and that it is subject to change as market conditions evolve. Nonetheless, it serves as a testament to the strength of the crypto community and its unwavering belief in the future of digital assets.
As always, it is important for investors to exercise caution and do their own research before making any investment decisions. While holding on to coins in the hope of a market recovery can be a sound strategy in the long run, it is not without risks. As the market continues to evolve, it is important to stay informed and be prepared to adapt to changing conditions.