HODLer Net Position Change
What Is HODLer Net Position Change?
Measures the 30-day net change in supply held by long-term holders. Positive = HODLers accumulating more than distributing. Negative = HODLers net distributing.
How to Interpret
Sustained positive values during bear markets/early bull markets = smart accumulation. Shift to negative during mature bull markets signals distribution phase beginning.
More Supply Dynamics Metrics
Supply Last Active > 1 Year
The percentage of Bitcoin supply that has not moved on-chain for at least one year. Reflects long-term holder conviction and supply removed from active circulation.
Revived Supply
The volume of previously dormant coins (held for 1+ years) that have moved on-chain. These are considered 'revived' as they break their dormancy to transact.
Supply by Wallet Size
Distribution of Bitcoin supply across different wallet size cohorts — from retail (< 1 BTC) to institutional (1,000+ BTC) and whale (10,000+ BTC).
LTH Supply
The total supply held by Long-Term Holders (coins that have not moved for 155+ days). LTH supply represents 'strong hands' — investors with conviction who are not selling.