Percent of addresses in profit
the share of addresses above water
What share of addresses holding anything are above water. It is the address-weighted twin of supply in profit, and the two disagreeing is informative: it means the money and the holders are not in the same position.
DefinitionAddresses in profit / addresses with a balance.
LimitAn address is not a person and not a wallet. One person routinely holds thousands of addresses, one address can hold many people's coins, and ordinary wallet software makes a brand-new change address on almost every spend. So this line moves with wallet behaviour, change outputs, batching and consolidation at least as much as it moves with how many people own bitcoin. Read its direction and its shape; never read the level as a headcount. It is priced off the same series as tier B, so before 2012 it inherits thin, wide-spread quotes from a handful of exchanges, and coins created before height 68,774 have no price at all and carry a cost basis of zero. Dust addresses dominate the count, so this is much closer to a count of tiny balances above water than to a measure of money in profit; the supply-weighted twin is tier B's supply_profit.