According to @danheld, HODLers are the buyers of last resort who enabled Bitcoin to survive and thrive, signaling resilient long-term conviction in BTC, source: @danheld. Traders translate this into concrete signals by tracking long-term holder supply and HODL Waves to gauge float tightness and potential price floors, source: Glassnode. They also watch BTC exchange reserves to assess spot sell pressure and liquidity conditions, source: CryptoQuant. Spikes in social attention from influential voices often coincide with higher short-term volatility, so risk management around sentiment-driven moves is prudent, source: Santiment.