7 Reasons Bitcoin Hodlers Are Holding Strong Despite Volatility

Bitcoin Hodlers Remain Resilient Amid Market Changes

Research indicates that Bitcoin holders, particularly those who acquired BTC between 2020 and 2022, are steadfastly retaining their investments even as prices fluctuate. Glassnode’s findings highlight that many investors, with a cost basis around $3,600, haven’t been swayed by significant profits or recent market volatility, showing a strong commitment to their long-term strategy.

Background and Context

The cryptocurrency landscape has witnessed significant shifts over the past decade, with Bitcoin emerging as the most prominent digital asset. As Bitcoin hodlers holding strong become increasingly essential to the market’s stability, recent research highlights a fascinating trend: investors continue to retain their Bitcoin holdings despite volatile price movements. Historical data shows that during previous economic downturns, fear-driven selling often destabilized markets, prompting long-term investors to question their strategies. However, current Bitcoin holders, especially those who entered the market during the 2020–2022 bull run, are maintaining their positions even as the price fluctuates from all-time highs.

Recent findings from on-chain analytics firm Glassnode reveal that many investors—specifically Bitcoin hodlers—who bought their assets between 2020 and 2022 remain steadfast in their commitment, resisting the urge to sell even with significant profits. This trend is crucial as it indicates a shift from speculative trading to a focus on long-term value preservation, setting the stage for potential future growth in Bitcoin’s market value.

Understanding this dynamic is vital for both casual observers and seasoned investors, illustrating the changing attitudes within the crypto community and the resilience of Bitcoin’s dedicated holders.

Bitcoin Hodlers Holding Strong Despite Record Prices

Recent research reveals that Bitcoin hodlers are showing remarkable resilience in holding onto their assets, even as Bitcoin sales soar to an impressive all-time high of $109,000. According to data from onchain analytics firm Glassnode, the majority of midterm holders, including those who purchased Bitcoin at a cost basis around $3,600, are refusing to sell despite the substantial profits available to them.

Resistance to Selling Amid Price Volatility

Specifically, investors who bought Bitcoin in 2020 or later are holding their positions tightly, as the current trading price of approximately $84,275 has not persuaded them to cash out. “Although the share of wealth held by investors who bought Bitcoin 3–5 years ago has declined by 3 percentage points since its November 2024 peak, it remains at historically elevated levels,” the report states. This indicates a strong conviction among Bitcoin hodlers in the face of market volatility.

Understanding the HODL Waves

Utilizing the Realized Cap HODL Waves metric, Glassnode highlights a significant contrast between those who purchased Bitcoin more than five years ago and current investors. Over two-thirds of older purchasers sold during the December 2024 peak due to their lower cost basis. In contrast, the newer class of investors exhibits a different behavioral pattern, showing more sensitivity to Bitcoin price fluctuations. Currently, short-term holders hold about 40% of Bitcoin’s network wealth, down from nearly 50% earlier in 2025, pointing to a carefully calculated approach rather than speculative frenzy.

As panic selling episodes repeatedly emerged over the past six months, with Bitcoin’s price oscillating by as much as 30%, the steadfastness of hodlers speaks volumes about their outlook on Bitcoin’s future.

In conclusion, the phenomenon of Bitcoin hodlers holding strong suggests a shift in investor sentiment that could have significant implications for the asset’s market dynamics.

Analysis of Bitcoin Sales Trends

The latest findings from on-chain analytics firm Glassnode reveal a significant trend among Bitcoin hodlers holding strong despite the current market volatility. With Bitcoin prices peaking at $109K, many investors—particularly those who purchased in 2020 or later—are choosing to retain their assets rather than cash in on profits. This indicates a growing sentiment within the crypto community that suggests optimism for even higher valuations.

Importantly, this cohort of hodlers, with cost bases as low as $3,600, is less affected by the fluctuations that characterize the market. As a result, the market dynamics shift, indicating that short-term holders, who are significantly more reactive to price changes, are increasingly outnumbered by long-term investors. The implications of this trend are profound for market stability and future price action, as sustained holding behaviors create a scarcity effect that could fuel upward momentum.

In summary, the reluctance among Bitcoin hodlers holding strong to sell may set the stage for a new phase in the crypto market, potentially driving future valuations that surpass current expectations.