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Glassnode
Chart description

This metric provides a breakdown of the percent of Sovereign Supply that is in Loss, and held by Long-Term Holders (blue) and Short-Term Holders (red). Sovereign Supply is defined as Long-Term Holder Supply plus Short-Term Holder Supply (both of which exclude Supply held on Exchanges).

This metric presents the in-loss components of the Relative Breakdown metric in Studio.

Note: The formulas are calculated to visually display as a stacked area chart. Thus the values for Short-Term Holders will reflect the cumulative area of the two supply regions, from bottom to top (e.g. value shown for STH Supply equals STH + LTH Supply).