This is very encouraging information. Cryptocurrency market participants no longer expect a situation when it will be necessary to sell their bitcoins very quickly. This indicates that they are moving into a long-term retention regime in anticipation of significant price growth. So far, everything is going very optimistic for the continuation of the bull market.
On one hand it is encouraging, on the other it's a beat scary because the majority usually is wrong when it comes to investing. For instance, the majority was wrong about the 2016 bear market when most people were selling and getting out of crypto, thinking that after Mt.Gox collapse and bans in China, there will never be a new high. I'm holding, like I did last year, but It was actually easier to hold at 10k than it is now when FOMO has started.
