This tool is an adaptation of HODL waves.
See the 1Y+ HODL Wave chart for an explanation of HODL waves.
This version weights the HODL wave data by the Realized Value of coins in each HODL wave age bracket.
Realized Value is the price of UTXO’s (coins) at the time when they were last moved from one wallet to another wallet. It is therefore different to today’s price assuming said UTXO’s did not move today.
How to Use this Indicator
Peaks in younger age bands highlight periods where they have a proportionally higher Realized Value weighting relative to the older Realized Value age bands.