LTH Share of Coin Days Destroyed
Coin Days Destroyed weights every movement by the age of the coins that moved: a ten-year-old coin destroys as many coin days as 3,650 from yesterday. This chart shows the share attributable to long-term holders (BRK definition: UTXOs from 150 days, not the 155 of the Glassnode convention). Because single days are dominated by a few large movements, the carrier is the window sum, not the daily value. We replicated the pattern that went viral in late August 2026 — "price rises while the LTH share falls": it reproduces (9 setups since 2016, 12-month median +90.0 %), but price momentum alone yields the same numbers, and since 2016 BTC has been higher a year later on 70.9 % of all days anyway.
- Formula:
- share = Σ(lth_coindays_destroyed, w) ÷ Σ(coindays_destroyed, w) · w = 14 or 90 days
- Originator:
- CDD: Bitcoin community (ByteCoin, 2011) · cohort split: Bitcoin Research Kit
- Data source:
- Bitcoin Research Kit (lth_coindays_destroyed_sum_24h ÷ coindays_destroyed_sum_24h) + Binance daily close
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