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.
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.
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.