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This chart shows the total amount of circulating bitcoin supply that is held by short term holders. Short term holders are defined as addresses that have held the bitcoin for less than 155 days.
Number of bitcoins already in circulation.
Number of coins multiplied by days since those coins last moved on-chain, adjusted for bitcoin supply.
Bitcoin 5+ year HODL wave chart, showing percentage of bitcoin that has not moved onchain for 5+ years.
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