Indicator Overview

The indicator is Hot Supply 30-Day Delta. It calculates the net change in the Hot Supply (the volume of coins that have been spent or moved on-chain within the last 7 days) over the past 30 days. This is the momentum of the hot supply, showing whether the most liquid and highly active portion of the circulating supply is collectively increasing or decreasing on a monthly basis. Positive values mean a net increase in hot supply, reflecting higher levels of immediate transaction activity and coins changing hands, while negative values mean a net decrease, with recently moved coins becoming less active or dormant.

How To Use

The 30-Day Delta smooths out day-to-day noise to highlight the mid-term trend in short-term market velocity and liquidity.

Sharp positive spikes (above zero) signal that significant coin volume is becoming hot over the month, often due to intense distribution, panic-driven sell-offs (capitulation where coins are mobilized), or euphoric buying during parabolic rallies where supply is redistributed to new holders. Conversely, sustained periods of negative values (below zero) indicate that hot supply is contracting as recently active coins settle into dormancy, typical of deep bear market accumulation phases, tight consolidations, or periods of low volatility where holders refrain from spending. These prolonged periods of declining hot supply suggest reduced selling pressure and a low-risk window for accumulation. The transition from a sustained negative delta to a strong positive reading is a historical signal that liquidity is ramping up, often confirming fresh capital inflow and the potential start of a volatile uptrend or breakout move.