Chart
Bitcoin on-chain metric
HODL Waves
Updated: 2026-06-30 02:10 UTC
Metric context
HODL Waves
Definition
Definition
HODL Waves show the distribution of BTC supply by coin age bands.
How to read it
Reading context
Young bands expand when coins move recently. Older bands expand when coins remain dormant. The chart helps read accumulation, distribution, and supply aging.