Bitcoin Hodl Waves

Bitcoin Hodl Waves is a metric with a visual representation of the temporal distribution of Unspent Transaction Outputs (UTXO) in the market.
Basically, it shows how long investors have held their bitcoin in individual wallets before spending them.

  • Short-Term Waves:

    Represents Bitcoin that has been held for a short period, usually less than a month.
    Reflects recent buying activity and how traders are looking for short-term profits.

  • Medium-Term Waves:

    They represent Bitcoin that has been held for several months up to a year.
    An increase in this category could indicate greater investor confidence, as it demonstrates commitment despite short-term price fluctuations.

  • Long Term Waves:

    Shows Bitcoin that hasn't been moved in years.
    An increase in this category indicates a strong belief in the long-term value of Bitcoin, suggesting that holders do not plan to sell in the near future.

  • Market Sentiment Indicator:

    Changes from short-term holdings to long-term holdings may indicate growing confidence in the future of the market.
    Short-term long-term changes may suggest possible selling pressure.

  • The behaviors of Long Term Hodlers are shown:

    In the graph you can see when these actors buy and sell BTC and how the price of bitcoin responds to these operations.