On-Chain Metrics
Per-age-band survival model of Bitcoin supply across 23 UTXO age bands. Each band gets a hazard rate, its cumulative transfer volume over its cumulative coindays created, which is integrated forward and turned into a mobility of 1 - exp(-exposure). Coinflow cap is the mobility-weighted sum of per-band realized cap, and coinflow price is that cap divided by the mobility-weighted supply, split at 150 days into long and short term holders.
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Addresses and on-chain cohorts do not identify individual people. Network designs and available histories differ, so a threshold observed on one asset may not transfer to another.
Per-age-band survival model of Bitcoin supply across 23 UTXO age bands. Each band gets a hazard rate, its cumulative transfer volume over its cumulative coindays created, which is integrated forward and turned into a mobility of 1 - exp(-exposure). Coinflow cap is the mobility-weighted sum of per-band realized cap, and coinflow price is that cap divided by the mobility-weighted supply, split at 150 days into long and short term holders.
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