HODL Waves: What We Can Learn From UTXO History
How the age of Bitcoin transactions can give us insight into the four-year halving cycles and the history of the blockchain.HODL Waves have been around for a few years but are still relatively new. They were first introduced in an article by Dhruv Bansal at Unchained Capital, a bitcoin-native financial services company. The interesting part about having a transparent blockchain is you can see all sorts of insights within the data. In particular, price is just one granularity of bitcoin, i.e., what the free market will pay for the asset through buyers and sellers. By mixing data science....
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Analysts at Decentrader point to encouraging hodler behavior that suggests that BTC/USD is far from its cycle top at $56,000. Bitcoin (BTC) shouldn't have a problem reaching $100,000 during the current cycle thanks to impressive behavior from hodlers.In their latest newsletter seen by Cointelegraph, analysts from trading suite Decentrader including Cointelegraph Markets contributor filbfilb sought to allay fears that Bitcoin's bull run is running out of steam.HODL Waves stay bullishBacking their optimism, they said, is data showing that more and more investors are hodling BTC for the long....
Elliott Waves are a popular yet controversial technical analysis indicator. This post will explore the relevance of Elliott Waves for bitcoin trends. Elliott Waves are a technical analysis indicator to predict future price trends. The principles of Elliott Waves are founded on the belief that markets follow predictable sequences of optimism and pessimism. The sequence of a bull market follows the below pattern. A bear market follows an exact opposite sequence. To learn how to apply Elliott Waves,watch this tutorial by DanV, a very popular Trading View bitcoin chartist.
After arousing confusion with incomplete communication and forced liquidations on lending contracts, Hodl Hodl explains what happened.
Coins stationary for at least a year are suggesting that accumulation is done — something which traditionally accompanies the end of bear markets. Bitcoin (BTC) may already be beginning its new macro uptrend if historical "hodl" habits repeat.That was the conclusion from research into the latest data covering the amount of the BTC supply dormant for one year or more as of July 2022.Hodled BTC hints that the bear market is overAccording to independent analyst Miles Johal, who uploaded the findings to social media on July 29, a “rounded top” formation in "hodled" BTC is in the process of....
It's "younger" BTC bought at the Summer $30,000 lows that's moving in Q4, data shows. Seasoned Bitcoin (BTC) hodlers have hardly spent any coins despite $69,000 all-time highs this year, data shows.According to the Coin Days Destroyed (CDD) metric from on-chain analytics firm Glassnode, the proportion of coins being spent by old hands remains near record lows.Strong hands knuckle down throughout 2021In the latest sign of the conviction of those who invest in and hold Bitcoin over multiple years, CDD remains extremely calm.The indicator refers to how long each BTC has been dormant each time....