
Long-Term Holder Realized Supply Density divides long-term holder BTC with estimated costs within ±5%, ±10% or ±15% of spot by the cohort's total supply. It shows percentages for the three nested windows, focusing on holdings aged roughly 155 days or more.
When density rises, more aged supply has a cost close to spot, narrowing its cushion against price changes; low density leaves more costs farther away. The historical median for ±10% is about 2.4%, versus about 12.3% on October 17, 2026, illustrating the difference between a typical and a concentrated reading.
Price revisiting old acquisition zones can raise density without long-term holders adding coins. Maturation into the cohort also changes the denominator, while dormant or lost low-cost coins can keep it low; density alone cannot tell whether aged holders are distributing.
No. Price can return toward their existing costs, or coins acquired months earlier can enter the cohort. Neither requires current buying by long-term holders.
LTH-MVRV compares spot with the cohort's average cost. Density measures the share near spot, revealing clustering that an average can hide.
Few aged holdings may have costs inside the selected window. That can happen when spot is far above or below their acquisition prices, so a near-zero reading alone does not indicate profit or loss.