Long-Term Holder Exchange Inflow Volume in Loss
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Long-Term Holder Exchange Inflow Volume in Loss totals daily BTC sent from the long-term holding cohort to identified exchange addresses below estimated acquisition cost. The cohort is defined around the 155-day holding boundary, and the unit is BTC deposited rather than the dollar loss.
How to read it
A rise shows more underwater older holdings arriving at exchanges, which can increase supply available for trading under stress. The 2022 high was about 30,531 BTC on July 19, close to the record of about 30,893 BTC on August 20, 2015. Falling values show less of this route being used, without proving that long-term holders are no longer underwater.
Deposits can be for collateral, custody or settlement and need not be sold. Address attribution and acquisition-cost estimates affect classification; prices crossing cost levels can change the loss component quickly. Compare with profitable LTH deposits and total LTH inflows rather than treating an isolated spike as capitulation.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- Transfers & Transactions
- Type
- Single value
- Unit
- BTC
- Data since
- 2011-08-17
- Latest data
- 2026-10-27
- Data points
- 5,551
FAQ
How is LTH exchange inflow in loss different from LTH transfer volume in loss?
Exchange inflows require the destination to be an identified exchange. The entity-adjusted transfer series covers movements to other entities more broadly, so scope and ownership treatment must be checked before comparing the two.
Does a loss-making deposit confirm a sale at a loss?
No. It means the deposit price is below the estimated acquisition cost. The coins may remain on the exchange or serve another purpose before any trade occurs.
How large were loss-making LTH deposits in March 2020?
The 2020 high was approximately 23,663 BTC on March 13. This measures coins arriving below estimated cost, not the monetary loss realized in exchange trades.
