Definition. The total transfer volume (USD) of coins that were last active between 7y and 10y ago.

Technical. This metric is entity-adjusted and discards transactions between addresses of the same entity ('in-house' transactions). 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 on entity-adjustment and account-based metrics, read our articles here and here.