Is Bitcoin changing hands or being exchanged for altcoins?

eng.ambcrypto.com
2 min read
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HODLers are known to sell at the top of the market cycle. However, since the price rally in July 2020, dormant coins from 2017 and 2018 are selling at the current price level. Pioneer of on-chain analysis, Willy Woo recently tweeted saying, In several instances in 2014, 2017, and 2018, HODLers have booked unrealized profits. […]
HODLers are known to sell at the top of the market cycle. However, since the price rally in July 2020, dormant coins from 2017 and 2018 are selling at the current price level. Pioneer of on-chain analysis, Willy Woo recently tweeted saying,

In several instances in 2014, 2017, and 2018, HODLers have booked unrealized profits. However, Bitcoin's price was an ATH in that case. Currently, the price is above $11300 and dormant coins getting sold at this price level may indicate the possibility of an upcoming drop in price.

On the contrary, since the second week of October 2020, several altcoins have been performing well. Offering double-digit returns in a week or a 24 hour period and this is…
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