Bitcoin HODL Wave Hits 63.3%: Analysts Warn of Misreading the Signal
- —Share of BTC unmoved for a year or more rose to 63.3% by September 18
- —The 1–2 year bracket grew to 14.57% from 13.52% over the month
- —The share of coins moved in the last month fell to 7.03%
- —Growth in older brackets is explained by coins crossing age thresholds
Why it matters: The rising HODL wave does not prove new demand: without exchange flow and address balance data, the signal remains merely a sign of coins aging.
Source: CryptoSlate