Bitcoin Holder

Definition ∞ A Bitcoin holder is an individual or entity possessing Bitcoin in a digital wallet. This term often distinguishes between short-term traders and long-term participants who retain their assets over extended periods. Their collective behavior significantly influences market supply dynamics.
Context ∞ Bitcoin holder behavior is a frequently discussed topic in crypto news, particularly the actions of long-term holders. Metrics such as “hodler waves” or “spent output age bands” provide insight into whether experienced participants are accumulating or distributing their Bitcoin. These analyses offer valuable context for understanding market cycles and price stability.