
Short-Term Holder Exchange Inflow Volume in Profit sums BTC deposited into tracked exchange addresses by short-term holders at a price above the coins' on-chain cost reference. It covers the recent-holder cohort, broadly less than about 155 days of holding, and is reported in BTC per day.
A rise shows more recent-holder coins arriving at exchanges with gains relative to their cost reference, making potential profit realization more visible. A lower reading can reflect fewer profitable coins being deposited or less overall deposit activity. The largest recorded day was November 3, 2015, at about 126,465 BTC; it was not the same date as the peak in total STH exchange inflows.
This is the amount of BTC involved, not the profit earned, and a profitable deposit need not lead to a trade. Because the cohort changes as coins move and age, compare the profit share of STH inflows as well as the absolute volume instead of treating every rise as stronger pressure.
It requires both a short-term holder origin and a tracked exchange destination. Profitable on-chain volume has a broader destination scope and is not restricted to this holder cohort.
No. It means 5,000 BTC was deposited above its on-chain cost reference. The gain depends on the price difference and is a separate calculation.
Their balance shows whether recent-holder deposits mostly arrive above or below cost. A rise in profit-side volume alone cannot show whether profitable deposits gained share within the cohort.