← All terms
Metrics
HODL Waves
How long whales have held their coins, grouped by age band
Definition
Stacked-area chart of unspent BTC by age cohort (1d, 1w, 1m, 3m, 6m, 1y, 2y, 5y, 10y+). Growing 1y+ band = accumulation; shrinking 5y+ band = old-coin selling. We compute this for ~300 top whales daily, not chain-wide.
Context anchor
5y+ band over 30% historically marks late-cycle tops in the broader market
Example
5y+ HODL Wave shrinking signals long-term holders are spending
Also known as
hodl waveage cohortutxo age distribution