# 持有幣齡波浪層圖｜HODL Waves

持有幣波浪層圖提供了比特幣供應年齡分佈的宏觀總覽，以及呈現隨著比特幣幣齡提升和消耗而對該分佈的變化。該指標根據幣齡將比特幣供應分為幾類，並以與比特幣總供應量比例的色帶呈現。 

由於支出或積累導致的比特幣幣齡變化將反映在 HODL 波段厚度隨時間的變化中。 HODL Waves 通常有以下特性： 

* HODL 波段的厚度代表了分類到該年齡段的硬幣總供應量的比例。 
* 隨著越來越多的比特幣從較年輕的年齡帶（暖色）轉移到較老的年齡帶（冷色），積累和囤幣行為將導致比特幣成熟（從年輕到老年）。這表明增持和持有資產的長期信念增加，流動性循環供應減少。 
* 將舊幣重新投入經濟（從老到少）將導致暖色帶的比例增加。這可能表明持有該資產的長期信念降低，並且隨著舊幣在休眠一段時間後重新激活，流動性循環供應增加。 
* 花費年輕比特幣會將它們重新分類為年輕比特幣，並立即對年輕比特幣數量產生影響。

![](https://lh6.googleusercontent.com/QCb95LE_UrFvBG4W0OZd4efEr4wea8sAcpbivyu5TOt0X86c-KEUgafQTM2XKEBTkpspqEy0Jz0QOjkJS5HWKU3JwgZ_qQOpBa79eeDr4y7dKudbhkdMvSA3t1KlySj9CgjOLfDQ)


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