Spent volume, coins aged under 1 day

Bitcoin that moved within a day of arriving. It is 92% of all onchain volume, which is the single most useful fact about onchain volume: almost none of it is holders changing their minds.

DefinitionValue of outputs spent whose age fell less than a day. Age is real elapsed time off a monotonised block clock (the running maximum of block timestamps), not blocks divided by 144. The twelve bands sum to total spent output volume exactly.

LimitMost of this is exchange internals, change returning to the sender and consolidation, so it is not a payments figure and never was. Age is per output, not per owner: consolidating coins or receiving change resets the clock on bitcoin nobody sold.

UnitBTC