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Bitcoin Short-Term Holder Economic Supply Share

Bitcoin Short-Term Holder Economic Supply Share Bitcoin Short-Term Holder Economic Supply Share

What It Measures

Bitcoin Short-Term Holder Economic Supply Share shows what percentage of Bitcoin’s economic supply is currently held by short-term holders.

It answers a compositional question:

What share of the economic supply base is currently in recent-holder hands?

In simplified form:

STH Supply Share=STH Economic SupplyEconomic Supply

This is the share version of the absolute STH supply series.

That distinction matters:

  • STH Economic Supply shows how many sats sit with short-term holders;
  • STH Economic Supply Share shows how large that short-term holder inventory is relative to the full economic supply base.

How To Use It

This metric is useful when the analytical goal is to read holder composition, not raw BTC size.

It helps answer questions such as:

  • Is recent-holder supply becoming a larger part of the whole?
  • Is the market becoming more dominated by younger supply?
  • Has spendable inventory shifted toward newer hands?

A rising STH share means short-term holders make up a larger fraction of the economic supply base. A falling share means their relative footprint is shrinking.

This metric is especially useful next to:

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

What It Can Say About Price And Market Regime

STH share is often one of the most readable composition metrics in this family.

Rising STH share

When the STH share rises, a larger share of the economic supply base is sitting with recent holders. That usually points to a market where supply has been redistributed more recently and is potentially more reactive.

Falling STH share

When the STH share falls, the supply mix is shifting away from recent holders and toward older-held inventory. That usually reflects a market where supply is aging and less of the base is sitting in recent hands.

Why the share version matters

The share chart is often easier to interpret than the sats chart when the question is about balance rather than inventory size. It shows whether short-term holder influence inside the economic supply base is expanding or contracting.

Historical Background

Once the STH/LTH framework became established, both absolute and share versions became useful. The absolute series shows inventory. The share series shows composition. The STH share exists for analysts who want to track how much of the supply base is currently controlled by newer holders as a fraction of the whole.