Spent Volume: Long- vs Short-Term Holders
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- ValueValue
- ShareShare
About this metric
What it measures
Spent Volume: Long- vs Short-Term Holders totals daily spent BTC in two age-based cohorts, Long-term holders and Short-term holders, using a distinction around 155 days. Total combines both groups regardless of whether the coins moved at a gain or a loss.
How to read it
Short-term holders usually account for much more volume, so an increase in the long-term group's share can be more informative than its absolute size. The historical median is about 7,268 BTC for Long-term holders versus 440,256 BTC for Short-term holders, illustrating the difference in ordinary turnover between the cohorts.
These are transfer volumes, not the number of holders or unique BTC changing ownership. Age weights may be gradual rather than a strict cutoff, and wallet maintenance can move old coins without a sale; use the profit-only breakdown or exchange flows to investigate the nature of a spike.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- Cohorts
- Type
- Breakdown
- Unit
- BTC
- Data since
- 2009-01-12
- Latest data
- 2026-10-27
FAQ
Why is short-term holder spending normally much higher?
Recently moved coins can be spent repeatedly during exchange operations and other rapid turnover. Older coins generally move less frequently, so comparing each cohort with its own historical range is more useful than comparing raw heights.
Can long-term holder spending rise while long-term supply rises too?
Yes. Coins aging into the long-term cohort can outweigh the coins leaving it through spending. Spent volume is a daily flow, while long-term supply also changes through aging.
Why is there a tiny long-term reading near the start of Bitcoin's history?
The supplied series includes a very small nonzero long-term value before any coin could reach 155 days. This indicates that the cohort data should not be treated as a strict age-cutoff tally.
