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Supply Dynamics

Supply by Wallet Size

What Is 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).

How to Interpret

Shifts in supply distribution reveal capital flow dynamics. Retail accumulation while whales distribute often marks late-cycle dynamics. Whale accumulation during low prices signals smart money buying.

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More Supply Dynamics Metrics

HODLer Net Position Change

Measures the 30-day net change in supply held by long-term holders. Positive = HODLers accumulating more than distributing. Negative = HODLers net distributing.

Supply Last Active > 1 Year

The percentage of Bitcoin supply that has not moved on-chain for at least one year. Reflects long-term holder conviction and supply removed from active circulation.

Circulating Supply

The total number of Bitcoin currently in existence, approaching the fixed maximum of 21 million. Increases with each block reward. Currently approximately 19.7 million BTC.

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.

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