Definition ∞ Bitcoin price conviction describes the strength of belief among holders regarding Bitcoin’s future value trajectory. This metric reflects the collective confidence of market participants in Bitcoin’s long-term appreciation, often observed through holding patterns and reduced selling activity during price volatility. High conviction suggests that investors are less likely to sell their holdings despite short-term fluctuations, anticipating substantial future gains. Conversely, low conviction can signal increased willingness to divest assets.
Context ∞ News articles frequently cite Bitcoin price conviction when discussing market stability or potential for future rallies. A strong conviction among long-term holders can act as a foundational support during market downturns. Current analysis often examines on-chain data to assess this sentiment, providing insight into the underlying strength of Bitcoin’s market structure.
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