Nov 19, 2020

1 min read

Glassnode’s LTH/STH metrics

Glassnode has been doing excellent work of late, but their latest metric quantifying long-term holders and short-term traders is particularly noteworthy. I don’t have much to add, just a plug and appreciation for their work. You can read all about it here: https://insights.glassnode.com/quantifying-bitcoin-hodler-supply/

As I covered in the Introduction, one of the key goals of OBTC is to consider BTC’s properties as a store-of-value, so the long-term holder metric (and Coinmetrics’ FFSupply) is of keen interest in enhancing OBTC’s resolution and precision, as well as simplifying it from my end. When I have some time, I’ll investigate this and see how we can improve OBTC while at the same time being backwards-compatible with historical OBTC data.