Long Term Holder Supply Change
The current amount of BTC held by LTHs compared to the amount held 30 days prior.
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LTH Binary Spending Indicator
Data & charts updated every hour
Price update
2 minutes ago
UTXO update
2 minutes ago
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LTH Spending Z-Score Explained
Measures whether Long Term Holders (coins unmoved >155 days) are spending relative to their recent historical norm, expressed as a rolling 90-day Z-Score. The signal is then smoothed over 7 days so only sustained distribution episodes are flagged. Each episode is shaded as a vertical band behind the BTC price so you can see exactly where heavy and moderate spending line up against the market.
Formula
Net Change = LTH Supply (today) − LTH Supply (yesterday)
Z-Score = (Net Change − 90-day Mean) ÷ 90-day Std Dev
Signal = 7-day average of the Z-Score
Z-Score = (Net Change − 90-day Mean) ÷ 90-day Std Dev
Signal = 7-day average of the Z-Score
Spending Thresholds
- Heavy Spending — Signal ≤ −0.8. LTH supply is falling faster than the 90-day norm for a sustained stretch; long-term holders are aggressively distributing. (red band)
- Moderate Spending — −0.8 < Signal ≤ −0.6. Supply is declining at a meaningful but less extreme pace; some distribution is present. (gold band, off by default — enable it in the legend)
Disclaimer
Any information found on this page is not to be considered as financial advice. You should do your own research before making any decisions.
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