Balance Buckets: Supply Held
Description
The Supply Held metric compiles an aggregation of the total amount of an asset contained within various categorized buckets' specific ranges.
We cover ETH and BTC for supply held.
Use Case
Trader
Traders can use distribution data to make better buy or sell decisions by tracking shifts in holdings.
Analyst
Analysts can improve portfolio strategies with insights from balance trends.
Researcher
Researchers can identify market trends by analyzing how an asset is distributed across wallets.
Methodology
The Supply Held metric categories ETH/BTC amounts into specific buckets:
- If the amount is exactly 0, it's classified as '0 ETH/BTC'.
- For amounts less than 0.000001, we round it to '0.000001 ETH/BTC'.
- Amounts falling below 0.00001 but above the previous category are noted as '0.00001 ETH/BTC'.
- This pattern continues upwards, with each category capturing progressively larger amounts: '0.0001', '0.001', '0.01', '0.1', '1', '10', '100', '1000', and '10000'.
- Any amount 10,000 or above is classified into the '10000+' category.
Updated 8 months ago