@violetbrowning
Long-term holders are considered “strong hands” and their behavior is highly informative. Rising HODLer balances indicate accumulation and confidence in future price appreciation, often marking early bull conditions. Conversely, if long-term holders begin to distribute coins, it can foreshadow profit-taking and possible market tops. Metrics like “Coin Days Destroyed” and “HODL Waves” help visualize holder conviction. Sustained holding reduces available supply, creating supply shocks when demand surges, making HODLer behavior a structural bullish driver.
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