Definition
Bundle of all active supply age bands, aka HODL waves. Each colored band shows the percentage of Bitcoin in existence that was last moved within the time period denoted in the legend. While realized cap HODL waves incorporate realized price.
Quick Take
- Short-term holders are those who have held Bitcoin for six months or less.
- Zooming in on 24-hour holders suggests they hold less than 1% of the Bitcoin supply, which has only been seen in previous bear markets and highlighted in green.
- This cohort tends to be price-oriented, which can be seen as they take up a lot more of the supply during bull runs.
- As the 24-hour supply is at extreme lows, this currently suggests a lack of interest in Bitcoin.
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