Entity-Adjusted Spent Volume Aged 3y–5y
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Entity-Adjusted Spent Volume Aged 3y–5y measures daily transfers of BTC that had not been spent for three to five years. The series removes identified movements within a single entity and expresses the remaining volume in BTC.
How to read it
A jump marks the reactivation of multi-year holdings, while a low reading means few qualifying coins are moving. About 67,046 BTC moved at the September 25, 2017 record; a separate 2024 peak reached about 43,619 BTC on June 22, showing how a single day can dominate the band.
Three to five years is not a fixed halving-cycle label, and age alone does not establish ownership continuity. Custody transfers can survive the entity filter, while the band's early zeros predate eligible coins and lower full-history percentiles.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- On-chain Indicators
- Type
- Single value
- Unit
- BTC
- Data since
- 2009-01-12
- Latest data
- 2026-10-27
- Data points
- 6,498
FAQ
Does a three-to-five-year coin necessarily belong to the same person throughout?
No. Coin age tracks on-chain inactivity, while economic ownership can change through custodial ledgers or other arrangements without moving the coins. Entity adjustment is an estimate, not proof of continuous ownership.
Is this the amount of BTC held for three to five years?
No. It is only the amount spent from that age band each day. HODL Waves instead describes the stock of unspent supply by age.
Why are early values zero for this band?
The network launched in 2009, so no coins could satisfy the three-year minimum before 2012. These structurally empty years make the full-history distribution different from the distribution of later activity.
