Indicator Overview

This metric quantifies the absolute volume of coins (measured in BTC) that have been spent or moved on-chain within the last 7 days. This value represents the most liquid and highly active portion of the circulating supply, reflecting the immediate market distribution dynamics. High values signal intense transaction activity and large volumes of coins changing hands, while low values suggest a dormant or illiquid market.

How To Use

Hot Supply is a valuable tool for assessing the current level of market velocity and short-term volatility. High readings (spikes) indicate that a significant volume of coins has recently been mobilized. This high activity can occur during panic-driven sell-offs (capitulation), where old coins are finally moved and sold, or during euphoric periods (parabolic rallies), where strong hands distribute their supply to new buyers. Conversely, low readings (troughs) suggest that the market is illiquid and the vast majority of coins are dormant, which is typical of deep bear market accumulation phases or tight consolidation periods. Monitoring spikes and troughs can help gauge the market's current state of activity and potential for an impending volatile move.