Definition. The total circulating supply held by short-term holders. Total Supply Held by Long-Term Holders is the LTH counterpart, and Circulating Supply is the related base variant without segmentation.

Technical. 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. Supply on exchange wallets is excluded.