Just one line to understand the BTC cycle 🍸

The 1Y+ HODL Wave indicator is a simplified version of the HODL Waves. Unlike the latter, it tracks only one group of coins that haven’t moved for over a year.

The data for the 1Y+ HODL Wave is directly taken from the Bitcoin blockchain, and its concept is based on the idea of “smart money.” When long-term investors sell their coins during growth to newcomers and then buy them back at a lower price during the bear market 😇.

How it works:

▪️ Indicator line going down: Indicates the market is in the final growth stage. ▪️ Indicator line reversing and rising: Suggests the cycle peak has passed, and the bear market has begun. ▪️ Relatively horizontal segments of the indicator: Point to uncertainty and accumulation phases.

Current situation:

According to the 1Y+ HODL Wave, hodlers are hardly selling, which means we haven’t yet entered the final stage of parabolic growth. “Smart money” anticipates a much higher BTC price in the long term."