Definition. Short-Term Holder variant of Entity-Adjusted ASOL, restricting the spent-output sample to outputs attributed to short-term holders. Average Spent Output Lifespan (ASOL) is the average age, in days, of spent transaction outputs.

Technical. Transactions between addresses of the same entity ("in-house" transactions) are discarded. Long- and Short-Term Holder supply is defined with respect to the entity's averaged purchasing date, with weights given by a logistic function centered at an age of 155 days and a transition width of 10 days. Entities are clusters of addresses estimated to be controlled by the same actor, identified through advanced heuristics and Glassnode's proprietary clustering algorithms. Entity-based metrics rely on statistical and data-science methods that are refined over time. The series is therefore mutable: its established history is stable, but recent data points may revise as clustering improves. For methodology, see our article on account-based metrics.

Notes. For more information, see Quantifying Bitcoin HODLer Supply and our articles on entity-adjustment and account-based metrics here and here.