Signal That Marked Start of Bitcoin’s 2015 Bull Run Just Hit a New High

That’s according to on-chain analyst Philip Swift, This is important as this metric reaching high levels is what marked the start of previous bull runs. When BTC was trading at ~$500 at the start of 2016, the one-year HODL metric hit 61% before falling as Bitcoin rallied to $20,000.

Along with the “HODL Wave” indicator, Schultze-Kraft observed the following: The strong “HODL” mentality of Bitcoin investors isn’t the only bullish sign that Swift has observed. Similar to the HODL Waves, the multiple then reached a region that has marked the start of previous bull runs.

Timeline of Bitcoin, Waves