{"path":"/breakdowns/spent_volume_loss_sum_by_lth_sth","tier":3,"parameters":{"a":["BTC"],"c":["native","usd"],"f":["csv","json"],"i":["10m","1h","24h"]},"queried":{"a":"BTC","path":"/v1/metrics/breakdowns/spent_volume_loss_sum_by_lth_sth"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/breakdowns#get-v1-metrics-breakdowns-spent_volume_loss_sum_by_lth_sth","studio":"https://studio.glassnode.com/charts/breakdowns.SpentVolumeLossSumByLthSth","metric_variant":{"bulk":"/breakdowns/spent_volume_loss_sum_by_lth_sth/bulk","pit":"/breakdowns/spent_volume_loss_sum_by_lth_sth_pit"}},"bulk_supported":true,"timerange":{"min":1231731000,"max":1782559800},"modified":1782560554,"descriptors":{"name":"Spent Volume in Loss by LTH/STH","short_name":"Spent Volume in Loss by LTH/STH","group":"Spent Volume","tags":["on-chain","volume","cohorts","long_term_holder","short_term_holder","profit_loss","realized_profit_loss"],"description":{"default":"**Definition.** The total volume of coins sold at a loss, segmented into long-term holder (LTH) and short-term holder (STH) cohorts. A sale is in loss when the sale price was lower than the acquisition price.\n\n**Technical.** Long-term and short-term holder supply is defined with respect to the entity's average purchasing date, with weights given by a logistic function centered at an age of 155 days and a transition width of 10 days. Breakdowns use an address-based approach, analyzing transactions and holdings at the wallet-address level to keep results comparable across digital assets and consistent across different blockchain architectures. This contrasts with the UTXO-based approach available for some chains (e.g. Bitcoin), and cross-method comparisons may show small deviations.\n\n**Interpretation.** Surfaces how loss-making sale volume splits between long-term and short-term holders. Answers questions of the form: are long-term holders selling their coins at a loss more frequently than short-term holders?\n"},"data_sharing_group":"onchain"}}