Hodler Net Position tracks the aggregate change in the supply of cryptocurrency held by long-term investors. This metric measures whether these long-term holders are increasing or decreasing their total holdings over time. A positive net position signifies accumulation, while a negative one indicates distribution.
Context
The Hodler Net Position serves as a key on-chain indicator for assessing the macro supply dynamics of a digital asset, especially Bitcoin. When hodlers are accumulating, it suggests a reduced circulating supply available for sale, potentially leading to price appreciation. This metric helps market participants gauge the long-term outlook and supply-side pressure.
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