Spent Volume in Profit: Long- vs Short-Term Holders
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Informazioni sulla metrica
Cosa misura
Spent Volume in Profit: Long- vs Short-Term Holders divides daily BTC spent above its last-moved price between Long-term holders and Short-term holders, with Total as the combined volume. The age-based distinction is centered around 155 days; values are BTC moved, not profit amounts or percentages.
Come leggerlo
Compare each cohort with its own usual range: a higher Long-term holders reading highlights older profitable coins moving, while a rise in Short-term holders points to more recent supply circulating in profit. The long-term series reached about 333,882 BTC on November 22, 2025, its historical maximum, even though the combined series peaked on a different date.
Cohort size and transaction frequency differ, so absolute volume alone does not show which group is more willing to spend. Age classification is approximate, wallet reorganizations may appear as profitable transfers, and the chart excludes loss-making moves; it cannot describe all spending or prove profit was cashed out.
- Frequenza
- Giornaliero (UTC 00:00)
- Asset
- BTC
- Categoria
- Coorti
- Tipo
- Ripartizione
- UnitÃ
- BTC
FAQ
What separates long-term from short-term holders in this chart?
The distinction uses coin holding age around a 155-day reference, rather than the owner's identity or intended investment horizon. It should not be interpreted as an exact count of people crossing a fixed deadline.
Can I compare the profitability of the two cohorts from their BTC volumes?
Not directly. A cohort moving more BTC in profit may simply hold more coins or transfer more often; measuring profit margins requires prices or a cohort profit-ratio metric.
Why does this chart differ from total LTH vs STH spent volume?
Only coins moving above their previous on-chain reference price qualify here. Total spent volume also includes coins moved at a loss or around breakeven.
