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.
Miner Fees
The total transaction fees paid to miners by users sending Bitcoin transactions. Reflects urgency of transactions and demand for block space.
Transfer Volume
The total USD value of Bitcoin transferred on-chain during a given period. Measures the economic throughput of the Bitcoin network.
Inscription Metrics
Tracking of Bitcoin inscriptions (Ordinals/BRC-20) including counts, fees generated, and block space consumed. Measures the impact of NFT/token activity on the Bitcoin network.