According to @Excellion, the latest Bitcoin sell-off was led by buyers from the past 12–18 months in spot and ETF markets who are taking 20%–30% fiat gains. Source: @Excellion (X, Nov 10, 2025) He adds that these sellers were influenced by news about a 2025 cycle peak and reports of OG holders selling, prompting them to exit. Source: @Excellion (X, Nov 10, 2025) He states this cohort is now largely depleted, with higher-conviction HODLers absorbing supply, which he views as a positive market development. Source: @Excellion (X, Nov 10, 2025) He also stated that 2026 could be a strong year and advised planning accordingly. Source: @Excellion (X, Nov 10, 2025)

According to @adam3us, ETF buyers are good Bitcoin investors and represent the current cycle HODLers, implying a holder-dominated cohort among ETF participants in this phase (source: Adam Back on X, Nov 8, 2025). He characterizes ETF participation as long-term oriented rather than short-term trading during the current market cycle (source: Adam Back on X, Nov 8, 2025).

According to a tweet by @APompliano, the recent surge in Bitcoin's price is described as 'like winning the lottery' for early holders, signaling a significant upside for those who maintained positions during previous volatility. This strong upward momentum is attracting increased institutional investment, which analysts point to as a major factor in short-term price resilience and potential further gains, as confirmed by on-chain data from Glassnode and institutional flows reported by CoinShares.

According to AltcoinGordon, successful cryptocurrency trading requires strong conviction, contrasting the fading of 'peasants' with the prosperity of 'hodlers'. This implies that traders who maintain their positions with confidence may achieve better outcomes, a sentiment that resonates with long-term investment strategies. However, the tweet lacks specific market data or trends, focusing instead on the general mindset required for successful trading.