Cohort-based analysis. Part 2: Realised price partitioned by HODL cohorts

Who starts the bull run?

source: hodlwave.com
screenshot from the original unchained capital article

The question we want to answer in this article is “at what price did the original HODLers that were responsible for the HODL wave acquire their Bitcoin”

Realised price split by HODLer cohort

Realised price split by HODLer cohort = Realised cap of a cohort / Amount of bitcoin that belongs to that cohort.

Data by whalemap
Data by whalemap
Data by whalemap
Data by whalemap
Data by whalemap

Conclusion

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Exploring blockchains through data science to find actionable insight