UTXO Count - Age Bands

UTXO Count - Age Bands shows the number of UTXOs that were last moved within a specified age band.

Definition

UTXO Count - Age Bands shows the number of UTXOs that were last moved within a specified age band. Each colored band represents the number of UTXOs in existence, that were last moved within the denoted time period.

UTXO Count - Age Bands=∑u∈utxosI(ai≤lifespanu<bi)\text{UTXO Count - Age Bands} = {\sum_{u \in utxos} \mathbb{I}(a_i \leq \text{lifespan}_u < b_i) }
\text{UTXO Count - Age Bands (%)} =\frac{\sum_{u \in utxos} \mathbb{I}(a_i \leq \text{lifespan}_u < b_i) }{\sum_{u \in utxos}1}*100
[ai,bi)∈[[0,1d),[1d,1w),[1w,1m),[1m,3m),[3m,6m),[6m,12m),[12m,18m),[18m,24m)[2y,3y),[3y,5y),[5y,7y),[7y,10y),[10y,inf⁡)[a_i, bi) \in [[0, 1d), [1d, 1w), [1w, 1m), [1m, 3m), [3m, 6m), [6m, 12m), [12m, 18m), [18m, 24m)\\ [2y, 3y), [3y, 5y), [5y, 7y), [7y, 10y), [10y, \inf)

Metric

Definition

UTXO Count - Age Bands

Each colored band represents the number of UTXOs in existence, that was last moved within the denoted time period

UTXO Count - Age Bands (%)

Each colored band represents the percent of the ratio of UTXOs in existence that were last moved within the denoted time period.

Interpretation

This indicator can be used to estimate the number of long-term and short-term holders that exist in each age band. UTXO Count- Age Bands could be interpreted as a 'proxy' to the actual holders that fit accordingly to the Age Band.

By value itself

  • High value(Native Value) & Dominance(%) in certain UTXO Age Band - High Number of investors that fit the Age Band

For example, if the UTXO Age Band of 3 years to 5 years have the greatest UTXO Count - Age Bands,

1) It is possible to interpret it as investors that held 3 to 5 years take a large portion of the market in terms of the number of participants.

2) The price range bought at the time could indicate an important price level in the market.

  • Low value(Native Value) & Dominance(%) in certain UTXO Age Band -Low Number of investors that fit the Age Band

For example, if the UTXO Age Band of 3 years to 5 years has the least UTXO Count - Age Bands,

1) It is possible to interpret it as investors that held 3 to 5 years take a small portion of the market in terms of the number of participants.

2) The price range bought at the time could indicate an important price level but could fall behind compared to other UTXO Age bands.

By examining trend

  • Longer UTXO Aged Bands Gaining Dominance or Larger in Depth - More UTXOs & holders are holding for the Long term = More HOLDing Participants

As comparatively newer coins are being held or so to speak HODLed without any movement in the network, it moves on to the next UTXO Age Bands implying that more coins are being held in the long term and more investors are HODLing.

  • Younger UTXO Aged Bands Gaining Dominance or Larger in Depth - Old Coins Being Renewed to Younger Coins = Old Coins Being Circulated

As older coins are being transferred in the network, they are destroyed and become new UTXO making the younger UTXO Age Bands increase in value which results in young UTXO Age Bands growing in size.

Link to Our Data

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