Long-Term Holder Supply in Loss
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Long-Term Holder Supply in Loss sums the BTC in the long-term cohort, defined around a 155-day holding threshold, whose last-move price exceeds the current price. The unit is BTC, measuring the quantity of underwater coins rather than the dollar size of losses.
How to read it
A rise means more aged supply is underwater, either because price fell through its cost basis or because loss-making coins matured into the cohort. The series reached about 5.21 million BTC in September 2015 and 5.17 million in December 2022, showing that substantial losses can persist among older holdings. A decline indicates fewer such coins, not necessarily realized losses.
Coins can leave this total through price recovery, spending or cohort changes. The 155-day convention describes coin age rather than investment intent, and wallet transfers can reset age and recorded cost without a sale. Compare with total LTH Supply to assess how widespread the stress is.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- Supply
- Type
- Single value
- Unit
- BTC
- Data since
- 2009-01-03
- Latest data
- 2026-10-27
- Data points
- 6,507
FAQ
How does LTH Supply in Loss differ from unrealized loss in dollars?
It counts BTC with cost above price. A coin barely below breakeven and one deeply underwater contribute the same BTC amount; the dollar loss also depends on the gap between price and cost.
Can LTH Supply in Loss rise without a price drop?
Yes. Coins acquired at higher prices can cross the roughly 155-day threshold while remaining underwater, adding to this cohort even at an unchanged price.
Does falling LTH Supply in Loss confirm capitulation?
No. A price recovery can remove coins from the loss group without any transfer. Spending and cohort changes are other possible causes, so the decline alone does not identify capitulation.
