Spent Volume in Profit: Long- vs Short-Term Holders

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Spent Volume in Profit: Long- vs Short-Term Holders divides daily BTC spent above its last-moved price between Long-term holders and Short-term holders, with Total as the combined volume. The age-based distinction is centered around 155 days; values are BTC moved, not profit amounts or percentages.

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Compare each cohort with its own usual range: a higher Long-term holders reading highlights older profitable coins moving, while a rise in Short-term holders points to more recent supply circulating in profit. The long-term series reached about 333,882 BTC on November 22, 2025, its historical maximum, even though the combined series peaked on a different date.

Cohort size and transaction frequency differ, so absolute volume alone does not show which group is more willing to spend. Age classification is approximate, wallet reorganizations may appear as profitable transfers, and the chart excludes loss-making moves; it cannot describe all spending or prove profit was cashed out.