Entity-Adjusted Short-Term Holder Realized Loss
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Entity-Adjusted Short-Term Holder Realized Loss sums USD losses attributed to recently acquired BTC moving between distinct entities below its acquisition cost. The cohort generally covers holding ages under about 155 days, and identified transfers within the same entity are excluded.
How to read it
An upswing points to more losses being recognized by recent holders, whose costs can be close to recent market prices. The series reached about $2.28 billion on May 19, 2021, and $2.14 billion on June 14, 2022. A decline indicates less daily loss realization, but may reflect inactivity rather than a recovery in recent holders' profitability.
The cohort changes as coins age or change hands, so it does not track a fixed group of buyers. Entity estimates can be revised, and a transfer below cost need not be a market sale. The USD total mixes the number of coins moved with their loss per coin.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- On-chain Indicators
- Type
- Single value
- Unit
- USD
- Data since
- 2009-01-12
- Latest data
- 2026-10-27
FAQ
What does STH mean in Bitcoin Realized Loss?
STH means short-term holder: the age-based cohort generally associated with coins acquired less than about 155 days ago. It is a statistical grouping, not proof that the owner intends to trade short term.
Does a larger STH Realized Loss mean more holders exited?
Not necessarily. A few large transfers or deeper losses per coin can increase the total without more owners participating. The metric measures dollars of loss rather than people or transactions.
How did recent-holder and long-term-holder loss peaks differ in 2022?
The STH series peaked at about $2.14 billion on June 14, while the LTH series peaked at about $1.16 billion on June 15. Their peaks fell on different dates, so adding those two highs would not give a daily market total.
