Everyone is calling the February crash the end of the cycle. The holder data says the opposite.

Oobit surveyed $BTC holders during the 46% drawdown that erased $1 Trillion in value. 85% did not sell. Only 8% panic sold.

25% bought more during the dip. 70% of Gen Z respondents expect a new all-time high.

Reddit sentiment stayed 2-to-1 positive through the crash. While media ran obituaries, communities mapped accumulation zones.

Last time holder conviction held this strong during a major drawdown was November 2022. What followed was a 300%+ rally over 14 months.

Does 85% retention during a 46% crash signal a bottom, or is this survivorship bias from holders still underwater?