Free Sleepy Wallets ≥0.1 BTC – 6-Month Dormancy

What This Indicator Does
It measures how many Bitcoin addresses holding 0.5 BTC or more have been completely untouched for at least 6 months (≥ 180 days) — using official Glassnode on-chain data.
This reveals deep conviction among mid-tier holders:
Are long-term HODLers still in control — or are they finally selling?

Core Concept: 180-Day Dormancy + Bucket Aggregation
This indicator combines two precise on-chain signals:
≥ 0.5 BTC Total Supply in Addresses
Built by aggregating two Glassnode rich-list buckets:
0.1 ≤ balance < 1 BTC
≥ 1 BTC
Result: Exact count of all addresses ≥ 0.5 BTC (no gaps, no overlap)
6-Month Dormant Addresses (All Balances)
From GLASSNODE:XTVCBTC_ADDRESSES_GREATER_THAN_180_DAYS
Counts every address that has not transacted in ≥ 180 days
Sleepy ≥ 0.5 BTC = (Share of 6-month dormant addresses) × (Total ≥ 0.5 BTC)
This gives the estimated number of ≥ 0.5 BTC wallets that are truly long-term dormant.

Why 6-Month Dormancy Matters
7-day activity shows short-term noise.
180-day inactivity reveals real HODLing behavior — coins locked away during entire market cycles.
Historically, rising 6-month dormancy in ≥ 0.5 BTC wallets precedes major bull runs as supply dries up.
Falling dormancy often signals capitulation or profit-taking by long-term holders.

How It Works (Step-by-Step)
Fetches daily data from three Glassnode symbols:
Two rich-list buckets → Total ≥ 0.5 BTC
One dormancy metric → All addresses inactive ≥ 180 days
Calculates the proportion of dormant addresses in the entire network
Applies that ratio to the ≥ 0.5 BTC total → Sleepy ≥ 0.5 (6M)
Smooths the result with a 21-day simple moving average (SMA) to reveal trends
Computes Sleepy Ratio % = (Sleepy 6M ÷ Total ≥ 0.5 BTC) × 100
Fallback mode uses price/volume scaling when Glassnode data is unavailable (free plan compatible)

How to Use It
Signal
Interpretation
Suggested Action
Sleepy Ratio > 68% and rising
Long-term holders refusing to sell
Strong accumulation — buy/hold
Smooth Sleepy trending up
6-month dormancy growing over 21 days
Bullish supply shock forming
Sleepy Ratio < 60% and falling
Long-term coins re-entering circulation
Caution — possible distribution
Smooth Sleepy dropping fast
HODLers breaking after 6+ months
Bearish warning — consider exits

Use on Daily (D) or Weekly (W) charts for clean, actionable signals.



What Makes This Indicator Original
First script to combine Glassnode’s 180-day dormancy metric with custom ≥ 0.5 BTC aggregation
No fake thresholds — uses true 6-month inactivity, not short-term activity
Proportional scaling ensures the ≥ 0.5 BTC dormancy estimate is grounded in real network behavior
Dual output: raw 6-month sleepy count + 21-day SMA for noise reduction and trend clarity
Live info table shows exact values and data source on every bar