Bitcoin dropping to $25,000 or lower is unlikely thanks to hodl'ers hoping for all-time highs, not speculative traders, new research says.

Quoting on-chain cryptocurrency analyst Root on Crypto Twitter:

"With the HODL Army growing it's allowing us to make new ATH's (69k top) without barely any STH's in the market. Since we didn't reach prices above 100K, which so many expected, many still believe this will eventually happen and might therefore hold on to their coins."

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