$BTC HODL Waves update (as of Sept 25, 2026)
Who's actually holding? And for how long?
This chart breaks down Bitcoin distribution by age cohorts — essentially mapping conviction vs. weak hands.
Key patterns to watch:
- Old coins (1y+) staying dormant = strong base
- Young coins (0-3mo) spiking = distribution or new entry
- Middle bands shifting = potential supply shock brewing
If you're not tracking HODL waves, you're flying blind on supply dynamics. This is how you spot accumulation before the next leg up.
Who's actually holding? And for how long?
This chart breaks down Bitcoin distribution by age cohorts — essentially mapping conviction vs. weak hands.
Key patterns to watch:
- Old coins (1y+) staying dormant = strong base
- Young coins (0-3mo) spiking = distribution or new entry
- Middle bands shifting = potential supply shock brewing
If you're not tracking HODL waves, you're flying blind on supply dynamics. This is how you spot accumulation before the next leg up.
