Back in 2015 I remember showing my friends how the % of people who held bitcoin, but didn’t trade it, went up over time. They told me I was dumb because bitcoin price was dropping. Today we call that diamond hand %. Diamond hand % precedes price discovery. Do people not understand??? 1. people buy/sell 2. coins change hands from non-believers to believers 3. traders/sellers run out of tokens 4. no downside -> people pile in 5. price discovery, until believers start to sell 6. rinse repeat $GIGA having #2 diamond hand % is insane. It’s easy to have high diamond hand % when a coin is ripping, everyone’s a believer when they’re in the green. Remember all the NFT bro’s who would never sell? You must look for the diamond hand % when coins are nuking. That’s The higher the diamond hand % before a reversal, the more powerful the reversal. $GIGA having such a high diamond hand % during a long drawn out down trend, is also important as it strengthens the holders. The longer the down trend, the longer the holders will hold during an up trend. This leads to a longer price discovery phase, the diamond handers wait longer to sell. Throw in the fact that $GIGA is the most decentralized (#1 HHI), price discovery will likely last even longer. This is because when diamond handers inevitably sell, they will be less impactful, thus preserving the length of the price discovery. $GIGA will also be starting it’s price discovery from a much higher starting point. Remember in 2024 when $GIGA had 12 straight green months of price discovery? That happened and our HHI and Diamond % were shit back then. The Big One🗿
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