This guide explores the Realized Cap HODL Waves metric and how to interpret it in various market dynamics. The Realized Cap HODL waves are one of the most powerful metrics in our supply dynamics toolbox. They inform us on the balance of wealth between new, and older Bitcoin investors.

Topics for Discussion:
- Overview of the Realized Cap HODL Waves.
- Observations of Long-Term Bitcoin investors.
- Studying Short-Term Bitcoin Investor.
- Analysis of coin maturation and how we track it.

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Timestamps
0:00 Introduction
2:02 HODL Waves Comparison
3:50 Realized Cap HODL Waves Overview
4:10 Macro Bull Market Behaviour
5:30 Macro Bear Market Behaviour
6:05 Long-Term Investors (Coins Older than 6m)
7:05 Coin Maturation in Older Coins
8:00 Transition between Bear and Bull Markets
9:40 Spending Behaviour of Older Coins
11:00 Assessing the 2021-22 Market (Old Coins)
11:50 Short-Term Investors (Coins Younger than 6m)
13:23 Declining Young Coins means Accumulation
14:08 Up-trends in Young Coins means Distribution
14:40 Assessing the 2021-22 Market (Young Coins)
16:00 Understanding HODL Wave Trends
17:25 Recommendations for Interpretation
18:00 Summary and Conclusion

About:
This Glassnode video report provides an overview of the metrics, trends, and network performance for Bitcoin and the crypto market.

Disclaimer:
This report does not provide any investment advice. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.