The monthly (30d) net change of supply held by liquid and highly liquid entities. For more information see our introductory article on Bitcoin liquidity.

This is the Point-in-Time (PiT) variant of Liquid Supply Change. 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.