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Survey shows 55% of crypto investors chose to HODL as Bitcoin and altcoin prices collapsed

Published 07/07/2022, 05:28 PM
Updated 07/07/2022, 07:00 PM
Survey shows 55% of crypto investors chose to HODL as Bitcoin and altcoin prices collapsed
BTC/USD
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Crypto and equities markets are down and aside from the positive news of Celsius repaying all of their debt and avoiding a massive liquidation, there are few on the spot reasons that are prompting investors to buy Bitcoin and altcoins.

The collapse of numerous decentralized finance (DeFi) protocols, crypto investment funds and BTC trading 60% below its all-time high continue to weigh on sentiment but a few positive tidbits of data could be a sign that the market is ready to enter a consolidation phase.

Bitcoin MVRV Z-score. Source: LookIntoBitcoin
Bitcoin Investor Tool. Source: LookIntoBitcoin

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