30d share of holder profit/loss entering exchanges — 30d relative shares · modeled history + exact output-age tail through analytical block #{{block}}
The 30-day relative distribution of realized profit and loss in net deposits to labeled exchanges, split into long-term and short-term holder cohorts beside Bitcoin price.
The four smoothed shares sum to 100%. A rising LTH-loss share means older coins increasingly reach exchanges below their cost basis; STH-heavy loss usually points to newer-holder stress. Compare persistence across weeks, not one daily print.
KOTE uses each spent output’s age: STH is under 155 days and LTH is 155 days or older. Pre-launch history is modeled from published cohort and exchange-flow assets; callback-era rows use exact output attribution. This is not Glassnode’s entity-adjusted methodology.