Indicator Overview

The STH Market Cap indicator computes Bitcoin’s short-term holder (STH) market capitalisation by multiplying current price with supply held in coins moved recently (<155 days). This measures the nominal value of speculative, recently transacted coins, highlighting short-term capital flows and liquidity dynamics.

How To Use

Rising STH market cap signals increased speculation and potential tops for profit-taking, while declines indicate STH losses and capitulation zones for entries. Divergences, STH cap underperforming price, warn of overbought conditions, while outperformance confirms bullish inflows.