Definition. This chart shows the ratio between Long-Term Holder Supply and Short-Term Holder Supply (dark blue line), together with its 30-day rate of change (green when rising, red when falling) and price (black). It measures the balance between mature, dormant supply and young, recently-moved supply.

Technical. The ratio and its momentum are calculated as:

• LTH / STH Supply Ratio = LTH Supply / STH Supply
• 30-day Change = percent_change(LTH / STH Supply Ratio, 30) — positive values green, negative red

Interpretation. The ratio rises when coins mature across the 155-day threshold faster than mature coins are spent — a supply-maturation regime characteristic of HODLing-dominated phases, which have historically developed through bear market accumulation and recoveries. The ratio falls when Long-Term Holder coins are spent and re-enter the Short-Term Holder cohort via new buyers — a distribution regime typical of bull market rallies, when mature supply is sold into strength and young supply swells. Because Short-Term Holder supply expands near market tops and contracts through consolidation, turning points in this ratio have historically lagged price peaks by roughly the threshold period and led major accumulation phases. The 30-day change trace highlights these inflections as they develop.

Notes. The 155-day classification threshold itself is visualized in Long/Short-Term Holder Threshold, and the profitability of each cohort's supply in Long- and Short-Term Holders Supply in Profit and Long- and Short-Term Holder Supply in Loss. Built from LTH Supply and STH Supply.