My sincere gratitude to Gigi and allen farrington for review and feedback. When two tribes go to trade Bitcoin is it’s own jurisdiction. It cares not for the laws of man. It cares not for other currencies. And it is so distributed, responsive, and resilient as to render it ‘anti-fragile’ in a now widely regretted homage…

The first section provides background on the HODL metrics, the second section provides detailed insight on the state of the market from a HODL perspective and what our expectations are. Background The key thesis underpinning HODL metrics is that the best indicator of on-chain health is continued ownership of bitcoin…

Contact me on twitter @LucIvan17288542 to follow up. The HODL forecast models supply situations 11 months into the future — it models expected relative supply shocks and supply excess. As the below chart highlights, our projection for the HODL ratio in 11 months time from today is approximately .87. …