{"path":"/breakdowns/spent_volume_sum_by_lth_sth","tier":3,"parameters":{"a":["XRP"],"c":["native","usd"],"f":["csv","json"],"i":["10m","1h","24h"]},"queried":{"a":"XRP","path":"/v1/metrics/breakdowns/spent_volume_sum_by_lth_sth"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/breakdowns#get-v1-metrics-breakdowns-spent_volume_sum_by_lth_sth","studio":"https://studio.glassnode.com/charts/breakdowns.SpentVolumeSumByLthSth","metric_variant":{"bulk":"/breakdowns/spent_volume_sum_by_lth_sth/bulk","pit":"/breakdowns/spent_volume_sum_by_lth_sth_pit"}},"bulk_supported":true,"timerange":{"min":1357146000,"max":1793992800},"modified":1793994805,"descriptors":{"name":"Spent Volume by LTH/STH","short_name":"Spent Volume by LTH/STH","group":"Spent Volume","tags":["on-chain","volume","cohorts","long_term_holder","short_term_holder"],"description":{"default":"**Definition.** The total volume of digital assets spent, segmented into Long-Term Holder (LTH) and Short-Term Holder (STH) cohorts. [Spent Volume in Profit by LTH/STH](https://studio.glassnode.com/metrics?a=BTC\u0026m=breakdowns.SpentVolumeProfitSumByLthSth) and [Spent Volume in Loss by LTH/STH](https://studio.glassnode.com/metrics?a=BTC\u0026m=breakdowns.SpentVolumeLossSumByLthSth) split this volume into profit and loss.\n\n**Technical.** LTH/STH supply is defined with respect to each address's average purchasing date, with cohort weights given by a logistic function centered at 155 days and a transition width of 10 days. Breakdown metrics use an [address-based approach](https://research.glassnode.com/account-based-metrics/), analyzing transactions and holdings at the individual wallet-address level to support comparability across digital assets and consistent analysis across blockchain architectures. This contrasts with the UTXO-based approach used for chains like Bitcoin, so metrics for UTXO-based assets may show slight deviations across the two computational methods. For BTC, ETH and ETH tokens, spends are netted per address per block, which removes change; for DOGE, TRX, XRP, TON and TON tokens, all transfers are counted. For ETH tokens, burn addresses are excluded.\n\n**Interpretation.** Surfaces how total sale volume splits between long-term and short-term holders. Answers questions of the form: are long-term holders selling their coins more frequently than short-term holders?\n"},"data_sharing_group":"onchain"}}