• Crypto Is Easy
  • Posts
  • April Recap: Seven Lucky Charts You Can't Afford to Miss

April Recap: Seven Lucky Charts You Can't Afford to Miss

Key information from last month's updates, quickly summarized

Every month, I post market updates, weekly rundowns, and a monthly post in addition to special reports.

That's a lot of content! “Value,” as they say.

To help you digest all that information, check out some key charts below. Read and watch my market updates for analysis, discussion, and other information (and charts!) that can boost your returns.

Chart 1: Diamond hands? More like cubic zirconia

Long-time HODLers continue to sell at an elevated pace. The spent volume age bands for +1-year HODLers keep growing even when you remove +7-year wallets. 

Greyscale and the US government account for some of that, but a lot of it comes from other sources.

Chart 2: Lots of gains to protect

Relative unrealized profit remains high and has started to trend down. This suggests market participants continue to take profits and still have a lot of paper gains they’ll feel the urge to protect if Bitcoin’s price continues to slide.

Chart 3: HOPL those HODLers are BODLer than they used to be

New buyers are soaking up the market cap while old HODLers disappear.

Some of this trend gets skewed from Greyscale selling old Bitcoins to new buyers, but not enough to matter for our purposes. Bottom line: it’s significant.

We don’t know yet whether these new buyers will stick around. Let’s hope they do, at least long enough for ETF buyers and dollar cost averagers to get more money into the market to make up for the diamond hands who sold.

When new buyers enter during speculative manias, they often enter with a large purchase, then add smaller amounts of money (or none) after that initial purchase. Think of it as a FOMO buy with a series of follow-up purchases because “it’ll go higher” and “I’m a long-term investor” or “I bought my allocation to Bitcoin, now I need some ETH/SOL/[fill in the blank].”

Did you enjoy these charts so far? I'm sure you'll love the rest of them. They cover crucial insights and key takeaways you can't get anywhere else.

To unlock everything, simply upgrade your subscription—tap the button below!

Subscribe to Crypto Is Easy to read the rest.

Become a paying subscriber of Crypto Is Easy to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In

A subscription gets you:
Market analysis and altcoin reports to make you a better and more profitable investor
My plan for buying and selling bitcoin
My direct contact. You will never be alone. Simply post your questions and doubts and I’ll always be there for you!
Video and written analysis so you can make better investment decisions. Save more with the annual plan!

Join the conversation

or to participate.