Bitcoin's 63% HODL Wave Sparks Aging Signal Debate
Bitcoin's one-year HODL share has reached 63.3%, according to Maketo's HODL-wave data, up from 62.32% in a month.
The rise is attributed to coins crossing age thresholds, rather than fresh buying or changes in beneficial ownership.
Aging signals are not the same as new demand, and separate evidence is needed to confirm accumulation.
Exchange flows and entity-adjusted balances are required to test whether older supply signals accumulation.