1Y HODL Wave is a chart which uses on-chain data to show the percentage of bitcoins that haven’t been moved in over 1 year. This metric is currently at 68%, which is an all-time high. Not only have over 2/3 of bitcoins not been sold in over a year, but not even moved from wallet-to-wallet. Credit to Philip Swift and Unchained Capital for the graph.

How is this useful or significant?

Many in the Bitcoin community see this as a sign that:

1. Long-term holders are growing in the quantity of their Bitcoin stacks

2. Bitcoin holders currently have high conviction

3. Combining this info with additional data shows us that more people than ever before are holding their sats in their own wallets rather than on exchanges

4. Price is obviously in the toilet so people are buying and holding, not selling!

This data was recently discussed at length on a recent episode of What Bitcoin Did Podcast with Peter McCormack: Bitcoin Can’t Lose with Parker Lewis. This was one of my favorite recent episodes of this podcast.

If looking at basic price charts just isn’t quite enough to satisfy you, lots more data like this is available on Look Into Bitcoin.