What is this indicator?
Categorizes the share of circulating supply based on how long each coin has gone unmoved, to reveal long-term holder behavior. A growing share of old coins usually signals greater confidence from long-term holders in the project's future.
How to read the chart
Sharp changes or a move outside this metric's normal range often coincide with important price turning points, and it's used as a secondary confirmation alongside technical analysis.
Practical tip
On-chain data is best used to complement technical analysis, not replace it; interpreting a single metric in isolation can be misleading.