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.