Yonsei_dent
[BTC] People Are HODLing? : UTXO Count-Age Band
The UTXO Count- Age Band indicator shows UTXO by period. This gives you an idea of what the market sentiment is like. An increase in the age band of the long-term period means that investors want to hold with conviction (HODL). Conversely, if the age band of the short-term period increases, it changes hands from old coin → young coin. Since May 2023, the number of UTXOs from 1M to 3M🔵 has increased dramatically. In addition, 3M~6M🟠 is also showing a gentle rise. The UTXO band (STH)🟡🟣, which is less than 1 month old, rose for a while and then fell. It can be seen that the transition from Young → Old coin occurred during the period when the market showed a sideways movement. It seems that the base of investors who will support the market is strengthening.