Currently 63.6% of the evaluable Bitcoin supply has not moved in over a year, the long-term holder (LTH) share, in the most recent snapshot (October 25, 2026, block 973,007).
“63.6% of the evaluable bitcoin supply has not moved in over a year (UTXO set snapshot of 25 Oct 2026, block 973,007).” NodeWitness, https://nodewitness.com/en/charts/bitcoin-hodl-waves-chart/
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Each weekly snapshot of the full UTXO set, ordered by the block height it corresponds to — not by the calendar day it was generated: since the series was rebuilt by rolling the UTXO set backward in time, the two orderings don't always match. Hover over the chart for the detail of each snapshot. The dashed white line is BTC's market price on the real date that height corresponds to (right axis, log scale) — useful for reading the colors against the price cycle.
Each colored band is an age bracket, measured from the last time a coin moved. Warm bands at the bottom are recently active supply; cool bands at the top have been dormant for years. Band thickness on any date is the share of supply sitting in that bracket that week.
What matters is how the bands shift. Young bands ballooning means old coins are being spent, usually into strength, as long-term holders hand supply to new buyers. Older bands thickening week after week means the supply is aging in place, the typical picture in bear and sideways markets. One caveat worth keeping in mind: coins moving from an exchange to an ETF custodian get “younger” even though nobody sold. So before reading a shift as holder behavior, check whether a big custodian moved coins that same week.
Dhruv Bansal of Unchained Capital published the first HODL waves chart in 2018, stacking Bitcoin’s supply by coin age. It stuck because the cycle is visible at a glance: young bands swelled into the 2017 and 2021 tops, and the 1-year-plus share climbed to highs in the bear markets that followed.
Our series starts in 2018 and is built from full UTXO-set snapshots taken from our own node rather than pulled from a data vendor. Earlier cycles aren’t covered yet.
A breakdown of the circulating Bitcoin supply by how long ago each coin last moved, grouped into age bands from under a day to over five years. The concept is explained in more detail in our HODL waves article; this page is the live number, computed by us.
Weekly, we take a full snapshot of the UTXO set from our own Bitcoin Core node — complete, unpruned, run by us, not a third-party API. Each unspent output is classified by the block height of its last spending transaction, then grouped into the ten age bands shown above.
Our own series runs from January 12, 2018 to today: 455 weekly snapshots of the full UTXO set, rebuilt by rolling back to past block heights, not a third-party API. About 4 scattered weeks within that range are still unprocessed: processing them is paused, with no date yet, documented in our Score version history. And there's nothing before 2018: extending back to 2011-2017 would need more UTXO-set rollbacks, with no date set yet.
Our own node's data — this holder distribution plus the hash ribbon — is the single highest-weighted input to the NodeWitness cycle Score, precisely because it comes from data we verify ourselves rather than a third-party label. See the full methodology in how the Score works.
That a growing share of supply hasn’t moved in over a year. It’s often read as long-term holder conviction, but it also includes lost coins and cold-storage balances that sit still for operational reasons, not market ones.
Weekly. Each point is a full UTXO-set snapshot from our own node, so the series has weekly resolution. The date and block height of the latest snapshot are shown at the top of the page.
For a full walkthrough of how to read the bands, see Bitcoin HODL waves explained; for why so many old coins never move, see Bitcoin holders who don’t sell. You can check which phase the market was in during each wave, month by month, in the cycle Score history.