Bitcoin · CryptoSlate
Why Bitcoin’s 63% HODL wave isn’t the mega bull signal everyone thinks it is
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Bitcoin ’s share of supply last moved at least one year ago reached 63.3% on Sept. 18, up 0.98 percentage points from 62.32% on Aug. 18, according to Maketo’s HODL-wave data.
Key facts
- The one-to-two-year band increased to 14.57% of supply from 13.52% between Aug. 18 and Sept. 18, a gain of 1.05 percentage points
- Bitcoin is -1.34% over the past 24 hours and currently sits at rank # 1 by market cap
- Bitcoin ’s share of supply last moved at least one year ago reached 63.3% on Sept. 18, up 0.98 percentage points from 62.32% on Aug. 18, according to Maketo’s HODL-wave data
- Over the same period, the six-to-twelve-month band fell to 17.53% from 19.10%
Summary
01 Bitcoin’s one-year HODL share reached 63.3%, measuring time since coins last moved rather than fresh buying. 02 Age-band shifts can reflect coins crossing thresholds, without establishing changes in beneficial ownership. 03 Exchange flows and entity-adjusted balances are needed to test whether older supply signals accumulation. HODL waves group Bitcoin’s unspent transaction outputs into age bands based on their last on-chain movement.