{"path":"/transactions/transfers_volume_sth_to_exchanges_profit_sum","tier":3,"parameters":{"a":["BTC"],"c":["native","usd"],"e":["aggregated","binance","bitcoin.de","bitfinex","bitflyer","bitget","bithumb","bitmex","bitstamp","bittrex","bybit","coinbase","coincheck","coinex","coinspot","crypto.com","deribit","firi","ftx","gate.io","gemini","hashkey","hitbtc","huobi","indodax","korbit","kraken","kucoin","luno","mexc","okex","phemex","poloniex","robinhood","swissborg","upbit","uphold"],"f":["csv","json"],"i":["10m","1h","24h"]},"parameters_defaults":{"e":["aggregated"]},"queried":{"a":"BTC","path":"/v1/metrics/transactions/transfers_volume_sth_to_exchanges_profit_sum"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/transactions#get-v1-metrics-transactions-transfers_volume_sth_to_exchanges_profit_sum","studio":"https://studio.glassnode.com/charts/transactions.TransfersVolumeSthToExchangesProfitSum","metric_variant":{"bulk":"/transactions/transfers_volume_sth_to_exchanges_profit_sum/bulk","pit":"/transactions/transfers_volume_sth_to_exchanges_profit_sum_pit"}},"bulk_supported":true,"timerange":{"min":1313571600,"max":1793491200},"modified":1793492011,"descriptors":{"name":"Transfer Volume from Short-Term Holders in Profit to Exchanges","short_name":"Short-Term Holder in Profit to Exchanges (Volume)","group":"LTH/STH Inflows","tags":["on-chain","volume","transactions","exchanges","short_term_holder","cohorts","profit_loss","realized_profit_loss"],"description":{"default":"**Definition.** The total amount of coins%CURRENCY% transferred from [short-term holders](https://insights.glassnode.com/quantifying-bitcoin-hodler-supply/) in profit to exchange wallets. Coins are considered in profit when the price at the time of spending is higher than the entity's average on-chain acquisition price. [Transfer Volume from Short-Term Holders in Loss to Exchanges](https://studio.glassnode.com/metrics?a=BTC\u0026m=transactions.TransfersVolumeSthToExchangesLossSum) is the loss counterpart, and [Transfer Volume from Long-Term Holders in Profit to Exchanges](https://studio.glassnode.com/metrics?a=BTC\u0026m=transactions.TransfersVolumeLthToExchangesProfitSum) is the LTH counterpart. [Transfer Volume from Short-Term Holders to Exchanges](https://studio.glassnode.com/metrics?a=BTC\u0026m=transactions.TransfersVolumeSthToExchangesSum) is the related base variant without segmentation.\n\n**Technical.** Only direct transfers are counted. Long- and Short-Term Holder supply is defined with respect to the [entity's averaged purchasing date](https://insights.glassnode.com/quantifying-bitcoin-hodler-supply/), with weights given by a logistic function centered at an age of 155 days and a transition width of 10 days. Entities are clusters of addresses estimated to be controlled by the same actor, identified through advanced heuristics and Glassnode's proprietary clustering algorithms. Entity-based metrics rely on statistical and data-science methods that are refined over time. The series is therefore mutable: its established history is stable, but recent data points may revise as clustering improves. For methodology, see our [article on account-based metrics](https://insights.glassnode.com/account-based-metrics/). Exchange metrics are based on Glassnode's continually updated set of labeled exchange addresses, together with statistical and data-science methods that are refined over time. The series is therefore mutable: its established history is stable, but recent data points may revise as labels update. For methodology and limitations, see our [article on exchange metrics](https://insights.glassnode.com/exchange-metrics/) and [Exchange Data Transparency Notice](https://docs.glassnode.com/further-information/exchange-data-transparency-notice).\n\n**Notes.** For more information on entity-adjustment and account-based metrics, read our articles [here](https://insights.glassnode.com/true-bitcoin-volume/) and [here](https://insights.glassnode.com/account-based-metrics).\n"},"data_sharing_group":"onchain"}}