Supply Held by Long and Short-Term Holders

A general framework for considering LTH and STH supply is as follows:

• Long-Term Holders keep possession of their coins for periods of time spanning several months to years. We consider an approximate threshold of a 155-day holding period, after which dormant coins becoming increasingly unlikely to be spent.

• Short-Term Holders are newer market entrants, active traders, and "weak hands" that a more likely to exit positions in response to market volatility. Coins younger than 155-days are statistically more likely to be re-spent, and thus are considered a more liquid and active portion of the supply.

这里的这个趋势就比较明显了，LTH的supply跟价格基本上是反着的，STH的supply跟价格基本上是比较吻合的。

Based on previous historical spend analysis, a coin becomes statistically unlikely to be moved after 155 days of dormancy. This data point is used as a threshold to delineate between Long-Term and Short-Term Holders.

To improve visualization, a smoothing curve is used to model the weighting of the LTH-STH buckets. This smoothing ensures that resulting metrics do not suffer from artefacts related to a few hodlers suddenly crossing the sharp threshold. The midpoint is at 155 days and with a transition width of 10 days (details here).

没想到，这个155days的数据他们居然是检测过了之后统计出来的结果。这点是让我完全没想到的。

Percent Supply in Profit

A coin is in profit if the current price is higher than the price at the time it was last moved. Conversely, a coin is in loss if the current price is lower than the price at the time it was last moved.

Percent Supply in Profit highlights the percentage of the total supply which is currently in profit. This metric represents an oscillator that allows us to better understand the current state of the market for a given coin: in general, values above 95% suggest market tops, while values below 5% signal bottoms.

Supply in Profit

Supply in Profit, as the name suggests, represents the absolute amount of coins in a given network which are currently in profit (i.e. the price at the time they were last moved is lower than the current price).

This metric is helpful in highlighting market tops by suggesting when investors might be close to taking profits.

It is important to note that unlike Unrealized Profit, Supply in Profit does not account for the amount of profit - only the binary case of whether or not the coin is in profit.

Supply in Loss

Supply Held by Long and Short-Term Holders

A general framework for considering LTH and STH supply is as follows:

• Long-Term Holders keep possession of their coins for periods of time spanning several months to years. We consider an approximate threshold of a 155-day holding period, after which dormant coins becoming increasingly unlikely to be spent.

• Short-Term Holders are newer market entrants, active traders, and "weak hands" that a more likely to exit positions in response to market volatility. Coins younger than 155-days are statistically more likely to be re-spent, and thus are considered a more liquid and active portion of the supply.

这里的这个趋势就比较明显了，LTH的supply跟价格基本上是反着的，STH的supply跟价格基本上是比较吻合的。

Based on previous historical spend analysis, a coin becomes statistically unlikely to be moved after 155 days of dormancy. This data point is used as a threshold to delineate between Long-Term and Short-Term Holders.

To improve visualization, a smoothing curve is used to model the weighting of the LTH-STH buckets. This smoothing ensures that resulting metrics do not suffer from artefacts related to a few hodlers suddenly crossing the sharp threshold. The midpoint is at 155 days and with a transition width of 10 days (details here).

没想到，这个155days的数据他们居然是检测过了之后统计出来的结果。这点是让我完全没想到的。

Percent Supply in Profit

A coin is in profit if the current price is higher than the price at the time it was last moved. Conversely, a coin is in loss if the current price is lower than the price at the time it was last moved.

Percent Supply in Profit highlights the percentage of the total supply which is currently in profit. This metric represents an oscillator that allows us to better understand the current state of the market for a given coin: in general, values above 95% suggest market tops, while values below 5% signal bottoms.

Supply in Profit

Supply in Profit, as the name suggests, represents the absolute amount of coins in a given network which are currently in profit (i.e. the price at the time they were last moved is lower than the current price).

This metric is helpful in highlighting market tops by suggesting when investors might be close to taking profits.

It is important to note that unlike Unrealized Profit, Supply in Profit does not account for the amount of profit - only the binary case of whether or not the coin is in profit.

Supply in Loss