This metric presents the ratio between Volume in profit, and Volume in Loss sent to exchanges by the Long-Term Holder cohort. It provides a view on the positional bias for exchange inflows by this cohort.

• 🟢 LTHs are sending greater volumes of coins in profit to exchanges, relative to coins in loss.

• 🔴 LTHs are sending greater volumes of coins in loss to exchanges, relative to coins in profit.

Transparency Notice regarding Exchange Metrics

Disclaimer: Exchange balances presented are derived from Glassnode’s comprehensive database of address labels, which are amassed through both officially published exchange information and proprietary clustering algorithms. While we strive to ensure the utmost accuracy in representing exchange balances, it is important to note that these figures might not always encapsulate the entirety of an exchange’s reserves, particularly when exchanges refrain from disclosing their official addresses. We urge users to exercise caution and discretion when utilizing these metrics. Glassnode shall not be held responsible for any discrepancies or potential inaccuracies.

Please read our Transparency Notice when using exchange data