ReadsWho Owns the CoinsHow old are the coins that are moving?

BITCOIN ASOL

How old are the coins that are moving?

When the coins changing hands are young, recent buyers are doing the trading. When old coins move, long-time holders are spending.

Updated 18 hours ago
maketomaketo.com/indicator/asol010020030040020112013201520172019202120232025TODAY20 days

The average age of the coins being spent each day, over the years. Higher means older, long-held coins are on the move; lower means fresh coins are doing the trading.

  1. What's the read right now?

    MOSTLY FRESH COINS MOVING

    The coins changing hands lately are young — recent buyers are doing the trading while long-held coins stay put.

    A noisy, day-to-day measure — one busy day can spike it. Read the trend, not a single reading.

    ↓ The coins moving are getting younger this past month
  2. Where does today sit over the last 4 years?

    Sitting near the young-coin end of its 4-year range.

    Young coins movingOld coins moving
    ≈ 22 days average age of the coins moving todayAbout usual versus its own average
  3. What's changed recently?

    • This past week the coins moving got younger — fresher supply did the trading.
    • Over the past month the coins moving have been getting younger — long-held supply is staying put.
    • It's near the young-coin end of its 4-year range — fresh money is doing the trading.
  4. What would change this read?

    • If older coins start moving and this climbs, long-time holders would be spending — something that has often shown up near past tops.
    • If it stays low, long-held supply keeps sitting still, which keeps those coins off the market.
Old coins moving
The deepest, most patient slice of this picture.
How long has Bitcoin been sitting still?
The full age map of the supply.
Long-term holders: still adding?
Whether patient money is growing or shrinking.
Recent buyers or long-term holders?
The same old-vs-new tug, as a cycle gauge.

Understanding ASOL (Average Spent Output Lifespan)

ASOL — Average Spent Output Lifespan — looks at every coin that moves on a given day, measures how long it had been sitting still, and averages those ages. A low number means the coins being spent are young; a high number means long-dormant coins are on the move.

When ASOL stays low, recent buyers are doing most of the trading and patient holders are keeping their coins put. That keeps long-held supply off the market — often a calm, accumulation-style backdrop.

When ASOL spikes, coins that sat untouched for months or years are suddenly changing hands. That's long-time holders spending into strength — a pattern that has clustered around major tops as patient money takes profit.

It's a noisy, day-to-day measure — a single large old-coin transaction can spike it. It's best read as a trend over weeks, alongside the other holding and old-coin gauges, rather than as a one-day signal.