How Can You Not Be Bullish on Bitcoin? Analyst Asks Due to New Data

Other metrics corroborate the trend of HODLing amongst Bitcoin investors. Prominent gold bull and crypto skeptic Peter Schiff recently conducted a Twitter thread where he asked his followers and crypto community about their conviction in holding Bitcoin.

Two of these sources are PlusToken, the crypto Ponzi scheme that purportedly accumulated billions of dollars worth of Bitcoin, and cryptocurrency miners. There’s also the selling pressure from miners, seemingly suggesting that this group of Bitcoin investors expect downside moving forward.

Timeline of Bitcoin