Supply <24h

BTC in UTXOs < 24h old

Property	Value
Category	Supply Analysis
Unit	BTC
Resolution	1d
Assets	BTC
Tier	Basic
API Endpoint	GET /v1/cohort/metrics/24h
Field	supply_24h

Overview

Supply <24h tracks the total amount of Bitcoin held in UTXOs that were created less than 24 hours ago. This represents the most recently moved coins on the network.

Formula

$\text{Supply}_{\lt 24h} = \sum_{\text{age} \lt 1\text{ day}} \text{UTXO amount}$

Interpretation

• Spikes indicate high on-chain activity — large volumes of Bitcoin are being transacted.
• Low values suggest a quiet network with minimal coin movement.
• This cohort is dominated by exchange deposits/withdrawals and active trading.

Use Cases

• Identify periods of high transaction volume or panic selling
• Detect large exchange inflows/outflows
• Track hot money velocity on the network

API Usage

curl -H "Authorization: Bearer YOUR_API_KEY" \
  "https://api.blocklens.co/v1/cohort/metrics/24h?start_date=2024-01-01&end_date=2024-12-31&limit=365"

Related Metrics

• Supply 1d-1w — BTC in UTXOs 1d-1w old
• Realized Price <24h — Cost basis of UTXOs < 24h
• Realized Cap <24h — Realized cap of UTXOs < 24h