​​Last Time This Bitcoin Statistic Hit A New High, BTC Surged | MyBitcoin Cryptocurrency News

​​Last Time This Bitcoin Statistic Hit A New High, BTC Surged 3.5x—And It’s Back

The so-called “HODLwave” of Bitcoin has hit a new all-time high. The metric indicates the amount of unmoved BTC on the blockchain in the past 12 months. It typically suggests that investors are increasingly accumulating the dominant cryptocurrency.

Researchers at Cryptowatch, a crypto market data company owned by U.S. exchange Kraken, wrote:
“Bitcoin’s 1-year HODL wave—BTC unmoved on the blockchain over the last 365 days—has hit a new all-time high of 63%. Bitcoin’s HODL wave is up 1% since the start of July.”