Bitcoin Economic Supply

What It Measures

Bitcoin Economic Supply shows the total amount of Bitcoin currently represented by the economic supply tracked in CoreCharts.

It answers the base question for this whole group:

How much BTC is currently sitting inside the supply set used for the STH/LTH framework?

This is the canonical metric in the group. The other series here are splits or derived views built on top of the same economic supply base.

In simplified form:

$$\text{Economic Supply}=\text{STH Economic Supply}+\text{LTH Economic Supply}$$

The unit is satoshis.

This is not the same thing as total circulating supply. Circulating supply describes how much BTC has been issued by the protocol. Economic Supply describes the supply base used in the holder-age framework behind the STH/LTH series.

That distinction matters because this family is not about protocol issuance. It is about how the economically relevant held supply is split between recent and older cohorts.

How To Use It

On its own, Economic Supply is mainly a structural reference series.

It helps answer questions such as:

• How large is the economic supply pool being partitioned between recent and older holders?
• Are the STH and LTH curves being read against the same total over time?

In practice, this metric is most useful as the denominator and reference line for the other series in the family:

• STH Economic Supply
• LTH Economic Supply
• STH Economic Supply Share
• LTH Economic Supply Share
• Economic Supply Spread: Short-Term vs Long-Term Holders

Within this group, this is the anchor series. The others tell you how that same base is divided.

What It Can Say About Price And Market Regime

By itself, Economic Supply is not the most expressive market-regime chart in the group. Its role is to define the total holder-age supply base.

Its analytical value becomes clearer when used with the split series:

• if STH supply rises, it is rising inside this total base;
• if LTH share falls, it is falling against this total base.

So this metric matters because it keeps the rest of the group grounded in one consistent supply pool.

Historical Background

The idea behind economic supply segmentation comes out of the broader Bitcoin UTXO and holder-age framework. Once analysts began separating supply by holding duration, it became necessary to define the total supply base being partitioned. That base is what Economic Supply provides for the STH/LTH family.