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This chart shows the total amount of circulating bitcoin supply that is held by long term holders. Long term holders are defined as addresses that have held the bitcoin for 155 days or more.
Onchain tracking of old coins moving again in large amounts.
Bitcoin 5+ year HODL wave chart, showing percentage of bitcoin that has not moved onchain for 5+ years.
Number of coins multiplied by days since those coins last moved on-chain.
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