Entity-Adjusted Long-Term Holder Transfer Volume in Profit
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Entity-Adjusted Long-Term Holder Transfer Volume in Profit totals the BTC moved each day from the long-term cohort to other entities at a price above estimated acquisition cost. Identified transfers within the same owner are removed, and the cohort is separated from recent holdings around the 155-day holding boundary.
How to read it
Higher volume means more older coins with embedded gains are circulating, potentially increasing profitable distribution. The daily total reached about 144,200 BTC on December 28, 2020; low readings instead indicate limited movement of profitable old holdings. Compare the volume with the cohort total to distinguish broad activity from a change in the profit mix.
A large BTC amount does not reveal the percentage gain or prove profit was taken in a trade. The record high came on July 29, 2019, illustrating why a transfer peak alone cannot locate a market top. Ownership clustering, custody changes and estimated costs all affect the result.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- Transfers & Transactions
- Type
- Single value
- Unit
- BTC
- Data since
- 2009-01-12
- Latest data
- 2026-10-27
- Data points
- 6,498
FAQ
Can long-term holders move coins in profit during a weak market?
Yes. Coins acquired sufficiently cheaply can remain profitable even after a large price decline. The metric compares transfer price with their estimated cost, not with the latest market high.
Does higher profitable LTH volume mean larger dollar profits?
Not necessarily. Many BTC moved just above cost can produce less profit than a smaller amount moved far above cost. This series measures the amount transferred, not the gain.
When did entity-adjusted profitable LTH volume reach its record?
The daily record is approximately 196,627 BTC on July 29, 2019. It records profitable transfers between entities, without identifying an executed sale for every coin.
