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Percentile (4Y) —
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Bitcoin Adjusted Transfer Volume

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Heuristic estimate of economic value transferred on-chain, with common change outputs filtered out.

Related metrics

Adjacent series that sharpen the reading of Adjusted Transfer Volume.

Adjusted Transfer Volume (USD)

USD

The USD version adds market-value scale to filtered settlement.

Transfer Adjustment Ratio

ratio

Transfer adjustment ratio shows the retained share of raw non-coinbase flow.

Non-Coinbase Output Value

sats

Non-coinbase output value is the raw base before filtering.

Adjusted Velocity

ratio

Adjusted Velocity normalizes filtered settlement by market value.