Long-Term Holder Net Position Change
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ما الذي يقيسه
Long-Term Holder Net Position Change measures the net change in BTC assigned to the long-term holding cohort over the series' measurement window. It balances coins entering through maturation against coins leaving through spending; values are in BTC, with positive readings indicating net growth.
كيفية قراءته
Positive values mean maturation is outweighing departures, while negative values indicate the older cohort is shrinking. The largest positive reading in this history was about 717,244 BTC on June 17, 2018; the most negative was about -725,155 BTC on January 11, 2021. These show retention and release of aged supply rather than market orders.
Coins becoming long-term holders today reflect acquisition months earlier, so positive values do not measure buying today. Internal transfers can also remove coins from the cohort. The source metadata does not identify the measurement window, so avoid treating each daily point as that day's flow or summing consecutive readings.
- التكرار
- يومي (UTC 00:00)
- الأصل
- BTC
- الفئة
- المعروض
- النوع
- قيمة واحدة
- الوحدة
- BTC
- البيانات منذ
- 2009-01-03
- أحدث البيانات
- 2026-11-02
الأسئلة الشائعة
What does negative LTH Net Position Change mean?
The long-term cohort lost more BTC than it gained over the measurement window. Spending outweighed maturation, though transfers may include wallet reorganizations as well as changes of owner.
Does positive LTH Net Position Change mean new buying?
Not directly. Coins can enter the cohort by remaining unmoved long enough to pass the roughly 155-day threshold, so a positive reading can reflect retention of earlier acquisitions.
Can daily LTH Net Position Change readings be added together?
Only if the underlying window is known to be non-overlapping. A rolling-window series would count some changes repeatedly; the available metadata does not specify the window for this series.
