These are aggregated market metrics from Coin Metrics Community API and historical price from Blockchain.com — not individual addresses. HODL waves and supply age breakdown are not included (only available in paid plans).
Accumulation/distribution zones are an informational heuristic, not a prediction or investment recommendation. They combine 8 smoothed signals (MVRV, net exchange flow, drawdown from 2-year high, price vs. 200-day MA, volume trend, BTC exchange level trend, hash rate, and futures funding rate) and require at least 3 to coincide. They reflect historical patterns — don't decide to buy or sell based solely on this.
Source: Binance (BTCUSDT pair, free, no key). Daily data since August 2017 — no data before that as the pair didn't exist.
Cumulative return (%) since each halving day, so cycles with very different starting prices ($12 in 2012 vs. ~$65,000 in 2024) can be compared on the same scale. Check or uncheck cycles to compare them.
Realized price is the average acquisition cost of the whole evaluable supply, computed by summing the price each coin had the last time it moved -- not from a third-party provider, from our own node. When market price falls below it, the average holder is underwater.
The biggest drop from a local high to the following low, calculated separately for each year -- to compare how much this year's worst stretch hurt versus previous years.
Inflow + outflow of Bitcoin on exchanges, in dollars (not the net flow shown below) -- measures how much activity there is, regardless of whether the net balance rises or falls. 7-day moving average to smooth daily noise.
Sentiment can be measured, not just felt. Additional context to the main verdict — when the market is psychologically ahead of (or behind) the fundamentals.