Seven Year Spent Volume

Definition ∞ Seven Year Spent Volume is an on-chain metric that tracks the amount of cryptocurrency, specifically Bitcoin, that has been moved on the blockchain after remaining dormant for at least seven years. This metric indicates activity from very long-term holders, often referred to as “hodlers,” who are now spending or reallocating their assets. Significant spikes in this volume can signal major market events, such as profit-taking near market tops or strategic repositioning. It provides insight into the behavior of the most patient market participants.
Context ∞ This highly specialized on-chain metric is used by advanced analysts to understand the conviction of long-term Bitcoin holders and identify potential shifts in market sentiment. News reports might reference Seven Year Spent Volume during periods of extreme market volatility or when assessing the potential for supply shocks. Its interpretation is crucial for understanding the long-term supply dynamics of Bitcoin.