Bitcoin On-Chain: HODL Waves
HTML-код
- Опубликовано: 8 апр 2024
- HODL Waves are bands that reflect what percentage of supply has been unused in a transaction for a certain period of time. For example, the “1-7 Days” band is the percent of total supply that's been held for at least 1 day but less than 7 days, “7-30 Days” is the percent of supply that's been held for at least 7 days but less than 30 days, and so on. The long-term age bands therefore show supply that has not moved for relatively long periods. The "greater than 10yr" age band shows the percentage of supply that has not moved in over 10 years. LTH stands for the Long-Term Holder band which accumulates bands of coins that have not moved in over 6 months. STH stands for the Short-Term Holder band which represents coins that are younger than 6 months.
Into The Cryptoverse Premium SALE:
intothecryptoverse.com
Data provided by: coinmetrics.io/
Into The Cryptoverse Newsletter:
newsletter.intothecryptoverse...
LIFETIME OPTION:
intothecryptoverse.com/produc...
Alternative Option:
/ intothecryptoverse
Merch:
store.intothecryptoverse.com/
Disclaimer: The information presented within this video is NOT financial advice.
Telegram: t.me/intocryptoverse
Twitter: / intocryptoverse
TikTok: tiktok.com/@benjamincowencrypto
Instagram: / bjcowen
Discord: / discord
Facebook: / intothecryptoverse
Reddit: / intothecryptoverse
Website: intothecryptoverse.com/ 
Развлечения
Into The Cryptoverse Premium SALE:
intothecryptoverse.com
☝️🧐-notice how the *Real Ben* is highlighted and RUclips verified☑️
👉5:29✔️the *ITC Premium Pro* plan: Get access to Ben’s Weekly *Ask Me Anything(AMA)* Livestream, Premium Videos, Charts & Indicators, Risk Dashboard and more! Watch an ITC Premium preview on the ITC website: *see Ben’s pinned message* #DYOR #MakeYourOwnConclusions🪑
⚠️Note: beware of fake Ben *scamBots.*
• Only *scammers* post an Email or Ph#.
• Report all Email, Tgram & Ph# *scams.*
Thank you for making shorter videos occasionally
Interesting, I think this could also be affected by Grayscale selling off their Bitcoin. Those couldn't be sold for years and years no? They just sold 300k Bitcoin within 3 months and now hold a bit more than 300k still.
I definitely prefer your on-chain analysis compared to your conventional TA at this point. I've been watching for a couple years now.
In my humnle opinion the recent decline on long term hodl is very likely Greyscale capitulation added to new migrations into etf 's.?
That's such a this time is diffrent thing to say! Am I right?
Thanks Ben 👍
Thank you Ben
Mind opening explanation. Thanks.
Maybe GBTC sellers are long term and ETF buyers are short term?
Yes I think that is the reason.
Thanks Ben, appreciate you.
Sweet, short and to the point 😊
Good video.. Short and sweet. To the point with data..
Hey Ben! Great insights as always. Would you mind explaining why we should anticipate a rotation out of BTC when rate cuts begin? Why wouldn’t we expect a more risk on environment as money gets cheaper?
👉5:29✔️the *ITC Premium Pro* plan: Get access to Ben’s Weekly *Ask Me Anything(AMA)* Livestream, Premium Videos, Charts & Indicators, Risk Dashboard and more! Watch an ITC Premium preview on the ITC website: *see Ben’s pinned message* #DYOR #MakeYourOwnConclusions🪑
Sn explanation that makes sense to me is this; The vast majority of the worlds richest people have their money tied up in “safe” investments like bonds or interest yielding products (like trillions of dollars I mean) these folks are currently making lots of money that they very arguably don’t need and they will be very likely speculating with some of the extra wealth they are accruing by putting it into risk assets (crypto, stocks etc)
That pumps the markets up higher and also causes retail to “chase the trend” and creates a frenzy in the markets.
The very rich folk are making money with interest rates and then also making money by investing it into the risk assets
As soon as rates start to drop they have less interest to use and will therefore stop buying the risk assets. They will at this point sell their positions in risk to cash out at the top of the market so they can sit in “cash” and wait for the whole game to start again later on down the line. When markets see the sell off it causes panic and it all comes crashing down- can’t say for sure that’s how it works but makes sense to me 😮
Havent seen these charts. Very insightful
Tks from Brazil
Wouldn't you have to subtract the rotation implied, but GBTC exits (which could not exist in a reasonable manner before) and the ETF impact? If we deduct these long-term holders selling, what is the movement?
👉5:29✔️the *ITC Premium Pro* plan: Get access to Ben’s Weekly *Ask Me Anything(AMA)* Livestream, Premium Videos, Charts & Indicators, Risk Dashboard and more! Watch an ITC Premium preview on the ITC website: *see Ben’s pinned message* #DYOR #MakeYourOwnConclusions🪑
ETF buyers are still considered in the short term category, however most of those investors are looking to hold mid-long term no?
👉5:29✔️the *ITC Premium Pro* plan: Get access to Ben’s Weekly *Ask Me Anything(AMA)* Livestream, Premium Videos, Charts & Indicators, Risk Dashboard and more! Watch an ITC Premium preview on the ITC website: *see Ben’s pinned message* #DYOR #MakeYourOwnConclusions🪑
Thanks for great video. And a wee bit shorter. 😊😊
Shorter videos definitely appreciated; thank you
Maybe the graph you show is skewed by GBTC selling's?
How will CPI rates impact BTC price today going into the halving?
👉5:29✔️the *ITC Premium Pro* plan: Get access to Ben’s Weekly *Ask Me Anything(AMA)* Livestream, Premium Videos, Charts & Indicators, Risk Dashboard and more! Watch an ITC Premium preview on the ITC website: *see Ben’s pinned message* #DYOR #MakeYourOwnConclusions🪑
This could also be people selling BTC to load up on bags of Altcoins. Makes sense given the high rate of return possible in alts once BTC goes on its run to new highs
Hi Ben, if there is a wallet that has been holding some x btc for say 4 or 5 years and then decided to add some y btc say a month ago, will that wallet
a) show as x+y short term btc wallet
b) x as long term and y as short term wallet
C) x+y long term as a long term wallet
I think it should be C because this person is unlikely to behave like a short term hodler.
Trying to understand this metric better… thanks as always!
👉5:29✔️the *ITC Premium Pro* plan: Get access to Ben’s Weekly *Ask Me Anything(AMA)* Livestream, Premium Videos, Charts & Indicators, Risk Dashboard and more! Watch an ITC Premium preview on the ITC website: *see Ben’s pinned message* #DYOR #MakeYourOwnConclusions🪑
The good thing about this trend is it just means the average cost basis moves up quickly when highs are hit
Low cost basis holders sell and new all time high buyers enter driving basis up
Good for price long term to have as high of a cost basis as possible for all holders
I Miss the 1 hour videos! Make the cryptoverse great again! MCGA!
Interesting. Would it be safe to say that a lot of on chain data won’t be as useful as the ETFs continue to buy so much of the available bitcoin? I believe the ETFs currently hold around 4% of all Bitcoin available.
Hi Ben, could you turn the volume up a bit more when you record your videos? I always have to turn the volume way up whenever I play your content. :)
He still uses his crappy laptop cam and mic 😂
What about all that bitcoin from FTX and Celsius? Is that long term or short term? Is that in this calculation? Because I bet 90% of the customers from those wouldn't sell BTC yet but the companies were forced to.
👉5:29✔️the *ITC Premium Pro* plan: Get access to Ben’s Weekly *Ask Me Anything(AMA)* Livestream, Premium Videos, Charts & Indicators, Risk Dashboard and more! Watch an ITC Premium preview on the ITC website: *see Ben’s pinned message* #DYOR #MakeYourOwnConclusions🪑
💪
Thank you, Ben, for another great educational video. In my opinion, you are among the very best at what you do.
Allow me to suggest an addition dimension to fuse with your viewpoint. Imagine that we are, regarding things like Bitcoin dominance, still in the 2019 pattern you used to talk about. Instead of emphasizing the new all-time highs as the most defining element of our current dynamics, and so compare current price action with post-having years, imagine that there are two major factors affecting current pricing dynamics. The advent of the ETFs and access of traditional finances to Bitcoin means that the stock to flow model of Bitcoin price value is much more important. But that force, to put it in terms of physics, is a separate force from the dynamics of the cycles which are related to interest rates as you have discussed in the past, meaning we should look like 2019, a having year.
I think there must be a mathematical way to differentiate them. I propose that the way to model the current price action in order to compare it with 2019 is to only look at current price action relative to itself, the ups and downs and shape, as you have often done. But to ignore the all-time high aspect mathematically.
I hope that makes some sense. Allow me to edit a bit.
Thank you again for all the great content, humor, family, and honesty.
Bull market is over before it began this times ladies and gents
Interesting Long Term hodlers are selling *leading into the Halving*
Please PI indicator top prediction. Can U
This is almost entirely being driven by GBTC outflows.
Hey everyone thank you for jumping back into the cryptoverse, today we are going to talk about Bitcoin - the beauty of Benjamin Cowen ❤
first lol
"holding" existed as a word, but humans said "Nah...lket's make up a stupid gibberish term that only SOUNDS like holding."