Bitcoin HODL Waves Show Increasing Number of Long-Term Holders
Data Analysis Reveals Trend of Holding Bitcoin for Longer Periods
Chart Tracks Hodlers' Addresses and Market Changes
WEB HODL Waves, a Bitcoin chart that utilizes blockchain data, depicts the amount of Bitcoin in circulation grouped into waves based on the length of time it has been held. The chart reveals a notable trend of individuals holding Bitcoin for increasingly extended periods.
The 10-year HODL wave chart, in particular, shows the percentage of Bitcoin that has not been moved on-chain for a decade. The number of Hodler addresses is also tracked to monitor recent price changes. Data charts are updated every five minutes.
The analysis highlights waves of people holding Bitcoin for ever-increasing periods, indicating a growing confidence in the long-term value of the cryptocurrency. Bitcoin HODL Waves was pioneered by Unchained Capital and illustrates the distribution of Bitcoin held in different wallets.
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