SO_by_BTC_N

Tech spec

Field Value
API name (slug) spent_output_by_btc_n
Group spent output by btc value
Unit / Valuetype count / other
Shape binned
Resolutions block, h1, h4, h8, h12, d1
Endpoints /v2/spent_output_by_btc_value
Tier 2
Last updated 2025-08-24 17:58 UTC
Docs Open in Swagger

Brief Description: Categorizes spent outouts (coins) held by investors based on BTC value.

SO_by_BTC_N represents a set of on-chain metrics that classify spent transaction outputs into cohorts by their BTC value. This shed light on which investors are active.

Metric variants The family of metrics consist of:

Interpretation Understanding the SO_by_BTC_N metric allows analysts and investors to gauge market sentiment and potential price direction.

Advanced Explanation The SO_by_BTC_N consists of several components that break down spent transaction outputs into various cohorts. Each cohort is categorized by the BTC value of the Bitcoin at the time of the spend.

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