Supply by last activity

Dormant supply / HODL proxy

Formula: BTC by the year it last moved (dormant supply / HODL proxy)

Wealth — Who owns the bitcoin?

What it shows

Supply by last activity maps how Bitcoin balances and supply are distributed: Dormant supply / HODL proxy. It helps assess concentration, dormant holdings and the structure of the visible UTXO set.

How to read it

Compare the distribution over time instead of reading one snapshot in isolation. Large shifts are more meaningful when they persist and agree with holder and flow data.

Good to know

Address balances are not identities. Exchanges, custodians and one owner with many wallets can materially distort the apparent concentration.

Open data

How to cite

Kote Charts — “Supply by last activity”, https://kotecharts.com/c/supply-by-last-active. Free for non-commercial use with attribution — never financial advice.

Kote Charts — "Supply by last activity", https://kotecharts.com/c/supply-by-last-active (free Bitcoin on-chain analytics computed from our own full node).

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