
Spent Outputs Aged 6m–12m counts outputs spent each day that remained unspent from six months to one year. The unit is individual outputs, providing a measure of spending from a holding window beyond the usual short-term age range.
Increasing counts show more half-year-to-year-old outputs being mobilized, while falling counts indicate quieter spending from that cohort. The maximum was 453,587 on March 4, 2025, with BTC near $86,064; the full-history median is 6,702, underscoring the scale of occasional concentrated events.
This is output age, not verified owner tenure, and it does not distinguish gains from losses. A prior wave of output creation can affect how many outputs later become eligible, while wallet housekeeping may trigger spending without market execution; combine the series with realized profit/loss and BTC-weighted transfers.
It covers outputs older than the usual roughly 155-day boundary, but only within this one interval. It omits older outputs and does not reproduce entity-level holder classification.
No. Six-month-old coins may have a higher or lower cost than today's price. The count does not include acquisition prices or the size of realized gains and losses.
HODL Waves show the supply share still unspent at that age. This count records outputs consumed from the interval that day, so remaining supply may rise even when daily spending is subdued.