Hodler Net Position Change

Hodler Net Position Change is used to track the change in the quantity of BTC held for ≥ 155 days in the past month. A positive value indicates a net increase, and a negative value indicates a net decrease.

1) This indicator can be used as an auxiliary indicator for judging the bottom range of the market, that is, it has been judged that the market is close to the bottom range by using other indicators, and at the same time, the indicator has a large negative value, indicating that long-term holders are beginning to surrender in the rapid price decline. , the price trend may change.

2) This indicator can be used to judge the market's main uptrend. When the BTC price begins to accelerate in a long-term upward trend, and the indicator value turns from positive to negative, it means that new entry funds are sufficient, and long-term holders begin to accelerate the distribution of chips, which often corresponds to the main rising wave of the market.

This indicator was originally created by . For more information see .

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