This metric presents the 30-day change in Old coin supply (last active > 6m).

• Positive Values 🟢 indicate a net increase in Old coin supply, suggesting that coin acquired 6 months ago are maturing faster than 6m+ old coins are being spent.

• Negative Values 🔴 indicate a net decrease in Old coin supply, suggesting that the rate of 6m+ old coins being spent exceeds that of coins maturing into this cohort.

💡 Hint: It is important to keep in mind that spending is instantaneous (old --> young), whilst maturation takes time (young --> old), in this case at least 6-months. Thus, positive values on the net position change are comparing current spending, to the maturation of coins that were last moved 6-months ago.