EconomyWhy Bitcoin’s 63% HODL wave is not the mega-bull signal many think it is

Bitcoin that has not moved for at least a year reached 63.3% of supply on Sept. 18. The shift may mainly reflect coins aging across HODL bands rather than fresh buying or deliberate market withdrawal. The data show an older on-chain distribution, but confirming new accumulation requires evidence from adjusted balances, exchange flows and spending behavior.

BitcoinHODL wavesOn-chain data

CCryptoSlate★★☆☆☆2026-09-20 06:30Original