HODL Waves image and concept analysis
The Bitcoin chart is HODL Waves, which shows the age distribution of unspent transaction outputs (UTXOs) of bitcoin from July 2017 to August 2024. Each color represents a time frame when the coins are left unmoved
Hodlers: the growth of older waves (more than 1 year) indicates long-term trust in the value of bitcoin. The increase in New Waves (less than 1 month) can refer to the sale or arrival of new actors.
Buy signal: the dominance of old waves (more than 1 year) at a time of price decline can indicate collection by HODLers and the possibility of reaching the market floor.
Sales signal: sudden rise in short-term waves (less than 3 months) at peak prices may mean hodlers profiting and approaching the market ceiling.
Trend verification: combining HODL Waves with indicators such as MVRV or CDD can confirm market phases.
Bitcoin is currently in the Acceleration Phase of its price cycle. This phase started in July 2024 and is usually accompanied by high volatility and high profitability. Forecasts suggest the phase may have by mid-2025, unless global events (such as the economic crisis or regulatory changes) disrupt it.
The price of bitcoin is currently reported to be between 81,489 and 99,887 (March 2025), but some analyses talk of falling to ۷ 70,000 or even 50,000. This indicates a possible price correction in the short term.
According to HODL Waves, according to data by August 2024, old waves (such as 7 to 10 years) remain strong, but short-term waves are growing. This could be a sign of hodlers ' profitability or the influx of new investors. If this trend continues until March 2025, the market is likely to be nearing the peak of the cycle, but we have not yet reached the distribution phase.
Sales pressure from recent short-Term Holders has increased, and indicators such as STH-SOPR indicate fear and loss among the group. This could mean a price correction, but at the same time, long-term analyses are still upward, predicting that bitcoin will be priced between the two countries by the end of 2025.
Bitcoin HODL Waves chart sourced from Coinglass.🫡
