Entity-Adjusted Short-Term Holder Transfer Volume
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Entity-Adjusted Short-Term Holder Transfer Volume is the daily BTC amount transferred between entities from the recent holding cohort, combining profitable and loss-making movement. It removes identified same-owner transfers and separates recent from long-term holdings around the 155-day holding boundary.
How to read it
Higher readings indicate faster circulation of recently held BTC; lower readings show quieter movement in that cohort. The series reached about 560,467 BTC on March 13, 2020, and about 509,398 BTC on June 13, 2022. Both yearly highs contained substantial loss volume, so heavy turnover need not indicate confident demand.
The total does not reveal whether activity is profitable, how many people participated or how much trading occurred inside exchanges. It can include coins moving repeatedly and transfers for settlement rather than speculation. Use its profit and loss split and compare it with LTH activity to locate the source of changing volume.
- 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
What is included in total STH transfer volume?
The profitable and loss-making portions of entity-adjusted recent-holder transfers. On October 17, 2026, about 10,333.7 BTC in profit and 16,882.1 BTC in loss add to the total of 27,215.8 BTC.
Does high STH transfer volume prove new money is entering Bitcoin?
No. It measures movement of BTC already held by the cohort, which can include repeated circulation and settlement. It does not measure net capital entering the market.
Can STH daily transfer volume exceed STH supply?
In principle, yes: volume is a flow and supply is a balance. The same coins can move more than once during a day, so daily transfers are not a count of distinct BTC held.
