Definition. The total volume of digital assets spent, segmented by holder wallet-size cohort, from whale-scale balances down to retail. Spent Volume in Profit by Wallet Size and Spent Volume in Loss by Wallet Size split this volume into profit and loss.

Technical. Breakdown metrics use an address-based approach, analyzing transactions and holdings at the individual wallet-address level to support comparability across digital assets and consistent analysis across blockchain architectures. This contrasts with the UTXO-based approach used for chains like Bitcoin, so metrics for UTXO-based assets may show slight deviations across the two computational methods. An address's wallet-size band is set by its balance before the spend. For BTC, ETH and ETH tokens, spends are netted per address per block, which removes change; for DOGE, TRX, XRP, TON and TON tokens, all transfers are counted. For ETH tokens, burn addresses are excluded.

Interpretation. Surfaces how total sale volume concentrates across investor classes, from whales down to retail. Answers questions of the form: are larger wallets (whales) selling their coins more frequently than smaller wallets (retail investors)?