Net Position Change

Definition ∞ Net position change represents the overall alteration in an investor’s holdings of a particular asset over a specified period, accounting for both acquisitions and dispositions. This metric provides insight into whether an investor or a group of investors is accumulating or divesting. It reflects directional market sentiment.
Context ∞ Analyzing net position changes, especially for large institutional players or significant wallet addresses, offers valuable clues about market trends and potential price movements. A sustained positive net position change suggests buying pressure, while a negative change indicates selling pressure. This on-chain data point helps assess the conviction of various market participants.