10 Year HODL Wave

The 10+ Year HODL Wave shows the percentage of Bitcoin that has not been moved on-chain for at least 10 years. This metric helps highlight extremely long-term market participant behavior.

Interpretation

This chart tracks the percentage of Bitcoin that has remained inactive for over a decade. It reflects supply that has been held by investors who likely view Bitcoin as a long-term store of value.

Key Insights

  • The 10+ year HODL wave is useful for identifying long-term holder behavior, who have had Bitcoin in their wallets for over a decade
  • A large proportion of these Bitcoins are often considered lost, as owners may no longer have access to their private keys
  • Movements from addresses that have held coins for over 10 years tend to be rare, and large transactions from such addresses are significant, which can be tracked using the Whale Shadows chart

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    10 Year HODL Wave - Apollo Analytics | Apollo Analytic