Definition ∞ HODL behavior describes a strategy of holding onto a cryptocurrency asset for an extended period, irrespective of short-term price fluctuations. This approach is characterized by a long-term investment perspective rather than active trading. It signifies a conviction in the asset’s future value appreciation.
Context ∞ The prevalence of HODL behavior is often cited as a key factor influencing Bitcoin’s supply dynamics and price stability. Observers are currently analyzing the proportion of the circulating supply held by long-term holders, as this metric can indicate market conviction and potential resistance to sell-offs during periods of volatility.
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