Cointime Hodlernetpositionchange Hodlernetpositionchange
Bitcoin
The HODLer Net Position Change tracks the monthly net change in long-term-holder supply.
Why it matters
It shows whether conviction holders are net accumulating or distributing.
How it is built
The 30-day net change in long-term-holder supply is computed.
What to watch
Sustained accumulation is bullish; a shift to distribution warns of rising sell-side pressure.