Hodl Waves represent a visualization of Bitcoin’s supply distribution based on how long coins have remained dormant in wallet addresses. These waves segment the total circulating supply into different age bands, indicating periods of accumulation or distribution by long-term holders. Observing these patterns helps analysts gauge investor conviction and assess the overall market sentiment.
Context
The current state of Hodl Waves provides insights into the prevailing market psychology, indicating whether long-term holders are retaining their assets or selling into price rallies. A key discussion involves interpreting these waves as predictive indicators for market cycles, particularly in relation to bull and bear markets. Future developments include more sophisticated on-chain analytics that refine the interpretation of holding patterns and their influence on market dynamics.
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