Address Cohorts
What Is Address Cohorts?
Breakdown of Bitcoin addresses by their balance size — from shrimp (< 1 BTC) to whales (> 10,000 BTC). Shows how different wealth classes are accumulating or distributing.
How to Interpret
Shrimp and crab accumulation while whales distribute is a late-cycle signal. All cohorts accumulating simultaneously is strongly bullish.
More Network Adoption Metrics
Active Addresses
The number of unique Bitcoin addresses that were active (either sending or receiving) on a given day. A proxy for daily network usage and user engagement.
Fee Ribbon
Multiple moving averages of daily miner fee revenue, creating a ribbon-like visual. Helps identify sustained trends in block space demand and network adoption.
Transaction Momentum
Compares short-term and long-term moving averages of daily transaction count. Identifies whether network activity is accelerating or decelerating relative to its trend.
Script Types
Analysis of Bitcoin transaction types by script format (P2PKH, P2SH, P2WPKH SegWit, P2TR Taproot). Shows the adoption rate of newer, more efficient transaction formats.