Bitcoin LTH P/L Price Flow tracks the net flow of long-term holder cumulative profit-and-loss price changes, denominated in BTC. It isolates how the aggregate cost basis of Bitcoin's long-term holders shifts over time, measuring the rate and magnitude of those changes rather than the level itself. In practice it captures how quickly the long-term holder cohort is repricing its supply as older coins move and cost bases are rewritten.
The chart renders this flow using jet colormap styling with percentile-based thresholds, so color encodes where each reading sits within its own historical distribution rather than an absolute value. Warmer and cooler bands mark the extremes of that percentile range, making it easy to see when long-term holder cost basis is shifting unusually fast versus sitting in a quiet, mid-distribution state.
Read it as a lens on long-term holder behavior. Sustained flows toward one extreme of the percentile bands signal concentrated distribution or accumulation among Bitcoin's most patient holders, while readings clustered near the middle indicate a stable cost basis and little repricing. Because the thresholds are percentile-based, the colors adapt to Bitcoin's history, letting you compare current activity against how this cohort has behaved across prior cycles.
Check the selected asset, units, and cohort before comparing readings. Compare the metric over consistent dates and use related measures to understand what contributes to a change.
