STH Supply
What Is STH Supply?
The total supply held by Short-Term Holders (coins that have moved within the last 155 days). STH supply represents recent buyers, speculators, and active traders.
How to Interpret
STH supply growing = new money entering the market (often bull market). STH supply declining = reduced speculative activity (often bear market). STH supply distribution peaks at cycle tops.
More Supply Dynamics Metrics
LTH Supply
The total supply held by Long-Term Holders (coins that have not moved for 155+ days). LTH supply represents 'strong hands' — investors with conviction who are not selling.
Issuance Rate
The rate at which new Bitcoin is created through mining block rewards. Halves approximately every 4 years (210,000 blocks). Currently 3.125 BTC per block after the April 2024 halving.
Supply by Wallet Size
Distribution of Bitcoin supply across different wallet size cohorts — from retail (< 1 BTC) to institutional (1,000+ BTC) and whale (10,000+ BTC).
Revived Supply
The volume of previously dormant coins (held for 1+ years) that have moved on-chain. These are considered 'revived' as they break their dormancy to transact.