Spent Volume Age Bands

Spent volume age bands are used to track the amount of BTC moved on the day, and the amount of different coin ages.

Set the SMA parameter to 30 and observe:

Bitcoin with a currency age of 6 months to 3 years has a large-scale movement in the history of the end of the bull market and the bottom of the bear market. Therefore, when other major indicators have judged that the market is close to the top/bottom, this indicator can be used as the main indicator. auxiliary verification indicators.

The reason for the above phenomenon is that longer-term holders tend to be more experienced. At the top of the market, there will generally be larger-scale selling actions; at the same time, the surrender of longer-term holders will often occur at the bottom of the market. This is because only the steadfast coin collectors begin to capitulate, in order to show that other short-term speculators have been completely removed from the market, which generally indicates that the washout is basically complete.