Definition. This chart visualizes the 155-day threshold that separates coins classified as Long-Term Holder from Short-Term Holder supply: the trailing 155 days of the price chart are shaded red (the window in which Short-Term Holder supply accumulated), and all earlier history is shaded blue (Long-Term Holder territory). The evolution of Long-Term Holder Supply (blue line) and Short-Term Holder Supply (red line) is overlaid, with price in black.

Technical. The shaded regions are constructed from a trailing-window rule on the daily price series: bars within the most recent 155 days form the Short-Term Holder region, and all bars at or beyond 155 days form the Long-Term Holder region. The supply overlays are the native LTH and STH supply metrics.

Interpretation. The chart is helpful in visualizing the areas of the price chart where each cohort accumulated their supply. Every coin currently classified as Short-Term Holder supply last moved inside the red band — so the price range traded there approximates the cohort's cost basis range — while Long-Term Holder supply was accumulated at the prices of the blue region. Watching the supply lines alongside the shading shows cohort rotation in action: LTH supply rises as coins bought more than 155 days ago mature past the threshold (typical of HODLing phases after tops), while STH supply swells when new demand absorbs coins near current prices (typical of bull market distribution).

Notes. Glassnode classifies coins as Long-Term Holder supply once held for more than 155 days. The balance between the two cohorts is charted directly in Long/Short-Term Holder Supply Ratio, and the profitability of each cohort's holdings in Long- and Short-Term Holders Supply in Profit. Built from LTH Supply and STH Supply.