On-Chain Metrics
Measures how much new Bitcoin issuance each balance cohort absorbed over the past 365 days. Values above 100% mean the cohort accumulated more than the total new supply (pulling coins from other cohorts). Negative values indicate net distribution. Inspired by Glassnode's entity-adjusted metric, computed here using raw address balance bands.
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.
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.
Measures how much new Bitcoin issuance each balance cohort absorbed over the past 365 days. Values above 100% mean the cohort accumulated more than the total new supply (pulling coins from other cohorts). Negative values indicate net distribution. Inspired by Glassnode's entity-adjusted metric, computed here using raw address balance bands.
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