black almanak open on-chain metrics ● data

BTC: Short-Term Holder Supply in Loss

Bitcoin BTC

Young coins whose acquisition price is above the current price.

Latest daily observationProvisional day
STH Supply in Loss
1,179,902.189 BTC
Bitcoin price
$82,181.97

Observation: UTC. Dataset updated: .
Updated daily, normally at 09:30 Europe/Madrid. Latest hourly bucket starts 2026-10-22 07:00 UTC (hour start).

This day is incomplete and may change. Daily flows accumulate through the latest update; they differ from a single hourly point.

Data cross-checked. Computed by the same pipeline as the STH realized price, MVRV and SOPR, which are cross-checked daily against an independent on-chain data provider (realized price: median difference 0.47% over 1,375 days (2023-01-01 to 2026-10-15); 95% of days within 1.96%); internal identity checks (supply in profit + supply in loss = supply) pass every day. Checked 2026-10-22. Data status

Recent daily values

The last seven closed UTC days. These values remain daily when you change the chart range.

BTC: Short-Term Holder Supply in Loss — daily observations
Date (UTC)STH Supply in LossBitcoin price
2026-10-21415,096.536 BTC$84,023.24
2026-10-20764,645.846 BTC$82,946.03
2026-10-191,106,167.578 BTC$81,840.01
2026-10-18965,682.014 BTC$82,001.58
2026-10-171,311,940.531 BTC$81,384.63
2026-10-161,402,492.047 BTC$81,501.10
2026-10-15946,576.277 BTC$82,131.10

Formula

STH Supply in Loss = Σ(BTC in young creation-day buckets whose remaining average acquisition price is at or above current price).

How to read it

This is the portion of young supply classified in loss under the daily-bucket approximation. It describes the current cohort, not how long a drawdown will last or whether a rebound will follow.

Limitations

  • The implementation includes break-even buckets in this category. Classification uses daily bucket averages and is approximate; it is not equivalent to an entity-adjusted series.
  • On-chain movements include transfers between an owner's own wallets. They do not establish actual purchases, sales or investor identity.
  • The latest day is provisional. Data is updated daily; hourly resolution does not mean hourly publication.

Historical examples

Selected mechanically: the lowest and highest closed-day STH Supply in Loss in the available history (2023-01-01 to 2026-10-21). These are observations, not forecasts or trading signals.

Lowest observed

2026-09-21

STH Supply in Loss: 0 BTC.

Bitcoin price in the same daily row: $86,586.52. This counts outputs rather than distinct investors; wallet transfers can change cohort membership.

Highest observed

2026-02-12

STH Supply in Loss: 5,718,762.009 BTC.

Bitcoin price in the same daily row: $66,207.00. This counts outputs rather than distinct investors; wallet transfers can change cohort membership.

Download these closed daily observations (JSON)

Source: Computed from the chain (BigQuery public dataset crypto_bitcoin), hourly resolution. Price source: Bitstamp BTC/USD hourly candles. rows before 2025-10-06 computed with daily prices (Coin Metrics); hourly prices from then on Methodology and sources.