Entity-Adjusted Short-Term Holder Transfer Volume in Loss
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Entity-Adjusted Short-Term Holder Transfer Volume in Loss adds the BTC transferred each day from the recent holding cohort to other entities below estimated acquisition cost. The cohort lies on the recent side of the roughly 155-day holding boundary, and identified transfers within one owner are excluded.
How to read it
Rising readings highlight movement by recent holders whose coins are underwater, while falling readings show less such activity. The 2022 high was about 454,332 BTC on June 13, compared with a yearly low near 19,157 BTC. Comparing this with profitable recent-holder volume helps distinguish loss-heavy turnover from a general rise in transfers.
A decline can reflect holders choosing not to move or price recovering above cost, rather than every loss being absorbed. This is not the total recent supply in loss or the dollar value lost. Clustering uncertainty and non-trading transfers remain relevant even after entity adjustment.
- 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
How does STH transfer volume in loss differ from STH supply in loss?
Volume counts qualifying BTC moved during a day. Supply in loss counts underwater BTC still held at a point in time, including coins that never moved that day.
Can loss transfer volume fall simply because BTC price rises?
Yes. A higher transfer price can move qualifying coins from the loss category into profit even if overall transfer activity is unchanged. Check both components and their total.
How large was recent-holder loss volume in March 2020?
The series reached its 2020 high of approximately 463,521 BTC on March 13. It shows a large amount of loss-classified movement, without proving that every transfer was a sale.
