New Bitbo Chart

HODL waves

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Bitbo is excited to announce our newest chart:

The HODL Waves are one of the earliest and most insightful on-chain analysis tools, visualizing the age distribution of Bitcoin's entire supply over time.

This chart displays the age distribution of Bitcoin's UTXO (Unspent Transaction Output) set from the genesis block onwards:

  • Warmer colors (reds, oranges) at the bottom show recently moved Bitcoin

  • Cooler colors (blues, greens) at the top show Bitcoin that hasn't moved in years

  • The y-axis shows the percentage of total supply in each age band

  • The white line shows the USD/BTC price (logarithmic scale)

New Bitbo Pro Chart

This chart shows MVRV crosses of the long term holder MVRV and the short term holder MVRV.

This is significant as when the long term holder MVRV crosses below the STH MVRV, it signals a lot of pain in the market for long term holders. This has often indicated the end of a bear market, and the beginning of a bull market.