On-chain analysis · 60 seconds
Why do whales move Bitcoin before the price crashes? HODL Waves answer that. They map exactly when every Bitcoin last moved—revealing whether holders are patient believers or nervous traders. When coins sit untouched for years, whales are signaling rock-solid conviction. But sudden movement from long-term wallets? That's a yellow flag. These aren't panic sellers—they're strategic players. Long-term holders form the market's backbone, rarely capitulating during dips. By tracking wallet age patterns, you spot accumulation phases before they explode and distribution phases before crashes hit. The data doesn't lie.
Originally posted on YouTube: https://youtu.be/FjTVS6Epuqk
The market for immediate delivery of an asset at the current price. Opposite of "futures" (where you trade a contract for future delivery) or "perpetuals" (perpetual-futures with funding rates). When we say "BTC price" without qualifier we mean spot.
Transactions of 500 BTC or larger but below the Mega Whale threshold (1,000 BTC). Common for large traders, OTC desks, exchange operations, and treasury management. Most actionable tier for daily flow analysis.