The total amount of coins transferred from short-term holders in profit to exchange wallets. Only direct transfers are counted. Coins are considered to be in profit when the price at the time the coins are spent is higher than the entity's average on-chain acquisition price for its funds. 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 defined as a cluster of addresses that are controlled by the same network entity and are estimated through advanced heuristics and Glassnode's proprietary clustering algorithms. Note that entity–based metrics are based on data science techniques and statistical information that changes over time and are therefore mutable – the data is stable, but most recent data points are subject to slight fluctuations as time progresses. For more information see this article.

Note that exchange metrics are based on our labeled data of exchange addresses that we constantly keep updating, as well as data science techniques and statistical information that changes over time. Therefore these metrics are mutable – the data is stable, but especially most recent data points are subject to slight fluctuations as time progresses.