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 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).
Issuance Rate
The rate at which new Bitcoin is created through mining block rewards. Halves approximately every 4 years (210,000 blocks). Currently 3.125 BTC per block after the April 2024 halving.
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.
HODL Waves
A visualization of Bitcoin's UTXO set age distribution over time. Shows what percentage of supply has been held for various time periods (< 1 day to 10+ years), creating colorful wave patterns.