Spent Outputs Aged 3y–5y
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Spent Outputs Aged 3y–5y is the number of outputs spent each day after staying unspent for three to five years. Its two-year-wide age interval captures outputs held for roughly a cycle-length period, with each output counted once regardless of its balance.
How to read it
A jump indicates long-dormant outputs becoming active; a quiet stretch indicates few are being consumed. On December 10, 2022, the count reached 261,595 with BTC around $17,134, far beyond the full-history median of 717, so the largest event cannot be read simply as profit-taking into high prices.
Three to five years since output creation is not proof that an owner held through a complete market cycle. Wallet migrations can consume old outputs without a change in ownership, and the band is wider than neighbouring one-year bands; compare value and activity within the same interval rather than ranking raw counts as conviction.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- On-chain Indicators
- Type
- Single value
- Data since
- 2009-01-12
- Latest data
- 2026-10-27
- Data points
- 6,498
FAQ
Does this interval always represent a complete Bitcoin cycle?
No. It is an elapsed output-age range, not a cycle definition. Market phases vary in length, and an internal transfer can create a new output without a new investment.
Why compare this band cautiously with the two-to-three-year band?
This interval spans two years while the neighbouring interval spans one. They contain different eligible output populations, so their raw counts do not directly compare spending propensity.
Does a large count mean dormant supply has been permanently sold?
No. The old outputs are consumed, but the resulting outputs may still belong to the same holder. Destination and entity-adjusted flow data are needed to assess economic ownership changes.
