Study Reveals 54% of Investors Didn’t Sell Any Crypto During Bear Market – BeinCrypto

Despite the terrible fall in the market, investors seem to want to hold on. A study has just shown that nearly half of them did not sell a single token during the bear market.

According a survey carried out by the service provider specializing in market research Civic Science Among 1,223 investors in the crypto sphere, 54% of them replied that they had not liquidated a single coin during the bear market period between April and June. The firm revealed that it was small investors, often labeled as “weak hands” who sold the most during the bearish and high panic periods.

Indeed, research from Glassnode indicates that whales instead favored token accumulation during the bearish period. For the month of June, the +1,000 bitcoin wallets, better known as “whales”, acquired 140,000 new tokens, and now hold a total of 8.69 million tokens, or nearly 45.6 % of overall supply.

In the columns of another crypto outlet, a researcher from IntoTheBlock commented:

“During the last multi-year bear market, Bitcoin whales took the opportunity to accumulate at a high rate, as indicated by the red arrow in the chart below.”

Hardened crypto investors

Results from another Civic Science survey of 4,446 investors from July 20 to 21 show that a good portion of investors, mainly small portfolios, say they were not impacted by the second quarter sell-off. . Still, it was one of the bloodiest periods in cryptocurrency history.

Apart from falling and plummeting crypto prices, a good number of companies (Celsius Network, 3AC, Genesis, BlockFi, Zipmex, etc.) with solid appearances have gone bankrupt. Without forgetting also, that many exchanges (coinbase, gemini, Huobi Global and Bitpanda) had to reduce their workforce to cope with the declines in the crypto market.

Traders seem to be aware of the risks associated with choosing to invest in cryptocurrencies. While they are aware that the profits can potentially be significant, the losses are also usually onerous. Faced with this crypto carnage, according to data from Civic Science, we would have investors who assume their choices and try somehow to resist.

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Study Reveals 54% of Investors Didn’t Sell Any Crypto During Bear Market – BeinCrypto


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