Bitcoin: Hodlers VS Cruisers VS Traders
Another very outside-the-box trend that I discovered while going down an INTOTHEBLOCK rabbit hole was the Holders' Composition by Time Held leading into the parabolic phase. These 
BTC Coin balances are a metric powered by INTOTHEBLOCK that shows ownership distribution over time.
What is a Hodler Balance?
They are address balances that have heldBTC over a period of one year or longer. These are long-term investors. An increase in this metric shows long-term bullish sentiment.
What is a Cruiser?
They are address balances that have heldBTC over a period of one - twelve months. These addresses are what we would consider swing traders. The transfer from Cruiser balance to Trader balance can be seen as bearish sentiment and the transfer from Trader to Cruiser can been seen as bullish sentiment.
What is a Trader?
They are address balances that have heldBTC less than one month. These are short term balances of day traders, bot trading, etc. An increase in this metric would indicate volatility and a potential bearish sentiment in the market.
With that being said about the Trader Balance, on 10/22/20 we can see a (+6%) uptick in Trader balances and a (-2%) down in Cruiser Balances showing investors taking profits and trading into the volatility.
On 4/20/24, the Trader Balance crossed the Cruiser Balance solidifying this accumulation period.
They started closing in on each other at the end of July, Post-Bitcoin Conference w/Trump speech + JPY reverse-carry trade unwinding + Mega Tech FC. Now they have returned the their early July numbers.
KEY TAKEAWAY:
You will see a flow into TRADERSBALANCE, out of CRUISERSBALANCE AND HODLERSBALANCE when the market has officially accepted we have entered the parabolic phase of this bull cycle.
Look for a flow change and TRADERSBALANCE | CRUISERBALANCE cross between 10/8 & 10/22.
BTC Coin balances are a metric powered by INTOTHEBLOCK that shows ownership distribution over time. What is a Hodler Balance?
They are address balances that have held
BTC over a period of one year or longer. These are long-term investors. An increase in this metric shows long-term bullish sentiment. What is a Cruiser?
They are address balances that have held
BTC over a period of one - twelve months. These addresses are what we would consider swing traders. The transfer from Cruiser balance to Trader balance can be seen as bearish sentiment and the transfer from Trader to Cruiser can been seen as bullish sentiment. What is a Trader?
They are address balances that have held
BTC less than one month. These are short term balances of day traders, bot trading, etc. An increase in this metric would indicate volatility and a potential bearish sentiment in the market. With that being said about the Trader Balance, on 10/22/20 we can see a (+6%) uptick in Trader balances and a (-2%) down in Cruiser Balances showing investors taking profits and trading into the volatility.
On 4/20/24, the Trader Balance crossed the Cruiser Balance solidifying this accumulation period.
They started closing in on each other at the end of July, Post-Bitcoin Conference w/Trump speech + JPY reverse-carry trade unwinding + Mega Tech FC. Now they have returned the their early July numbers.
KEY TAKEAWAY:
You will see a flow into TRADERSBALANCE, out of CRUISERSBALANCE AND HODLERSBALANCE when the market has officially accepted we have entered the parabolic phase of this bull cycle.
Look for a flow change and TRADERSBALANCE | CRUISERBALANCE cross between 10/8 & 10/22.
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