Wealthy Coinbase clients are still ‘hodling’ Bitcoin since December 2020, data suggests By Cointelegraph

Wealthy Coinbase clients are still ‘hodling’ Bitcoin since December 2020, data suggests By Cointelegraph

Wealthy Coinbase clients are still ‘hodling’ Bitcoin since December 2020, data suggests

‘s (BTC) price dropped by more than 50% after peaking out at $69,000 six months ago but the plunge did little in forcing some of its wealthiest investors into selling.

Notably, the number of Bitcoin under Coinbase (NASDAQ:) Custody for institutional clients rose by 296% since Q4 2020, showcasing the most investors decided to “hodl” onto their investments despite BTC price being down well over 50% from its all-time highs.

Coinbase custodial wallets comparison. Source: CryptoQuant/Ki Young Ju
BTC/USDT weekly price chart. Source: PostyXBT/TradingView