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Glassnode

Description

Definition. The supply of a digital asset currently in profit (current price above acquisition price), segmented into age cohorts that span from hot supply (recently moved coins) through cold supply (older, dormant coins).

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.