Definition. The total amount of funds held in accumulation addresses.

Technical. Accumulation addresses are defined as addresses with at least 2 incoming non-dust transfers that have never spent funds. Exchange addresses and addresses receiving from coinbase transactions (miner addresses) are discarded. To account for lost coins, addresses last active more than 7 years ago are also omitted.

Notes. This is the Point-in-Time (PiT) variant of Total Balance in Accumulation Addresses. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.