1 Burrito, Please — With Bitcoins on the Side
Intermediate
Daily Bits
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What a climb. The active supply chart offers insight into the proportion of Bitcoin supply that is older than one year in each cycle. Peak HODL is defined when the volume of supply older than one year hits a maximum. Looking at past cycles, the peak HODL has been on a constant rise, indicating HODLers’ increased confidence in Bitcoin’s growth potential. An all-time high is usually achieved shortly after reaching a peak HODL, followed by massive profit-taking and Bitcoin entering a consolidation phase.