Despite a 47% Price Drop, Bitcoin Traders Aren’t Selling
Despite a significant price drop, a recent survey shows most Bitcoin holders did not sell, demonstrating strong conviction in the cryptocurrency.Summary
Bitcoin experienced a substantial 46% price correction in early 2026, falling from $126,000 to briefly below $61,000, erasing over $1 trillion in market value. However, a survey of 1,006 American Bitcoin holders and sentiment analysis of crypto subreddits revealed that fear did not lead to widespread selling. 69% of respondents reported neither selling nor planning to sell, displaying “diamond hands,” while only 8% were classified as panic sellers. Interestingly, 75% would maintain their positions even if prices continued to fall, and 86% reported experiencing both fear and hope. Furthermore, two-thirds of holders anticipate a new all-time high within 12 months, with a median forecast of $75,000, and approximately 25% purchased more Bitcoin during the dip. The data suggests investors are driven by conviction, with sentiment volatility being lower than price volatility during the downturn.
(Source：Bitcoin Magazine)