Black Almanak open on-chain metrics for Bitcoin ● data
Young supply

Short-Term Holder Supply

Circulating supply held by short-term holders.

Latest daily observationProvisional day
Short-Term Holder Supply
3,646,082.298 BTC
Bitcoin price
$82,448.31

Observation: UTC. Dataset updated: .
Updated daily, normally at 09:30 Europe/Madrid. Latest hourly bucket starts 2026-10-09 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.

Recent daily values

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

Short-Term Holder Supply — daily observations
Date (UTC)Short-Term Holder SupplyBitcoin price
2026-10-083,648,443.242 BTC$81,676.02
2026-10-073,634,176.742 BTC$83,274.86
2026-10-063,624,610.312 BTC$85,553.52
2026-10-053,595,035.702 BTC$85,756.06
2026-10-043,580,448.248 BTC$86,510.16
2026-10-033,574,680.612 BTC$84,746.87
2026-10-023,595,946.551 BTC$84,500.84

Formula

STH Supply = Σ(BTC in unspent outputs with creation age < 155 calendar days).

How to read it

This measures bitcoin in recently created outputs. Supply can change because coins move or age out of the cohort. A wallet reshuffle can create young outputs without new investment entering the market.

Limitations

  • This is a UTXO-based count with a calendar-day cutoff. Entity-adjusted providers use different clustering and cohort rules; levels and turning points are not guaranteed to match.
  • 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 Short-Term Holder Supply in the available history (2023-01-01 to 2026-10-08). These are observations, not forecasts or trading signals.

Lowest observed

2026-07-26

Short-Term Holder Supply: 3,238,983.398 BTC.

Bitcoin price in the same daily row: $65,338.88. This counts outputs rather than distinct investors; wallet transfers can change cohort membership.

Highest observed

2025-12-12

Short-Term Holder Supply: 5,952,117.382 BTC.

Bitcoin price in the same daily row: $90,275.00. 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.