STH / LTH Supply Ratio

How much bitcoin sits with recent buyers compared with patient owners. Rising means coins are moving into fast hands; falling means coins are settling into patient ones. Every point shown is real up to the date on the badge above the chart.

Coins that moved within the last 180 days count as recent-buyer supply; coins untouched for longer count as patient supply. This chart is the first divided by the second.

For example, 0.25 means recent buyers hold about a quarter as much bitcoin as patient owners do, so most of the supply is sitting still. A **rising** line means patient owners are handing coins over to newer buyers, which in past cycles happened during rallies as old owners sold into strength.

A **falling** line means the reverse — coins going quiet, which has filled the long flat stretches between cycles.

In words: the bitcoin held in coins that moved within the last 180 days, divided by the bitcoin held in coins that did not.

Every point on screen was counted by **our own Bitcoin node** — a full copy of the blockchain that we run ourselves — and the line runs up to the date on the badge **above** the chart. A day our node could not count is left as a gap; it is never filled in from another source.

The 180-day dividing line is a convention, and coins cross it every day just by getting older, so the ratio drifts even on a quiet day.

Counted by Safu's own Bitcoin node from its 13 coin-age bands, split at six months (180 days). One point per day from 2009. No outside metrics feed is involved.

Computed in-house from Safu's Bitcoin node · 1 point/day since 2009 · recomputed daily