CryptoQuant User Guide
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  • Why trust CryptoQuant data
  • Top 15 Preset Charts ⭐
    • Miner Selling
    • Whale Accumulation
    • Huge OTC deal
    • Buying/Selling Pressure
    • Market Trend
    • Market Sentiment
    • Whale Dumping
  • Intro to On-Chain
    • What is on-chain data?
    • Why Market Driven?
  • Background Knowledge
    • Why Entity Matters
    • What is UTxO?
  • Exchange Flows/Indicators
    • Glossary (Exchange Flows)
    • Exchange In/Outflow and Netflow
    • Exchange Reserve
    • Exchange to Exchange
    • Exchange Addresses Count
    • Exchange Transactions Count
    • Fund Flow Ratio
    • Exchange Supply Ratio
    • Exchange Inflow CDD
    • Exchange Inflow - Spent Output Age Bands
    • Exchange Inflow - Spent Output Value Bands
  • Miner Flows/Indicators
    • Glossary (Miner)
    • Miner Outflow
    • Miner to Exchange
    • Miner Supply Ratio
    • Miners' Position Index (MPI)
  • UTXO Data/Indicators
    • Glossary (UTxO)
    • Profit and Loss (UTxO)
    • Profit and Loss (Supply)
    • Coin Days Destroyed (CDD)
    • Binary CDD
    • Mean Coin Age (MCA)
    • Sum Coin Age (SCA)
    • Sum Coin Age Distribution (SCA Distribution)
    • Spent Output Profit Ratio (SOPR)
      • aSOPR (Adjusted SOPR)
      • STH-SOPR
      • LTH-SOPR
      • SOPR Ratio (LTH-SOPR/STH-SOPR)
    • Net Unrealized Profit/Loss (NUPL)
    • UTXO Bands (Age)
      • UTXO Age Bands
      • Realized Cap - UTXO Age Bands
      • Realized Price - UTXO Age Bands
      • UTXO Count - Age Bands
      • Spent Output Age Bands
    • UTXO Bands (Value)
      • UTXO Value Bands
      • Realized Cap - UTXO Value Bands USD
      • UTXO Count - Value Bands
      • Spent Output Value Bands
  • Market Data/Indicators
    • Glossary (Market)
    • Open Interest
    • Funding Rates
    • Estimated Leverage Ratio
    • Taker Buy Sell Volume/Ratio
    • Capitalization models
    • Realized Price
    • Exchange Whale Ratio
    • MVRV (Market Value to Realized Value) Ratio
  • Network Indicators
    • NVT Ratio
    • NVT Golden Cross
    • Puell Multiple
    • Stock to Flow Ratio
    • Stock to Flow Reversion
    • NVM Ratio
  • Stablecoin Exchange Flows/Indicators
    • Glossary (Stablecoin)
    • Stablecoin Network Data
    • Stablecoin Exchange In/Outflow & Netflow
    • Stablecoin Exchange Reserve
    • Stablecoin Exchange Addresses Count
    • Stablecoin Exchange Transactions Count
    • Stablecoins Ratio
    • Stablecoin Supply Ratio (SSR)
  • Fund data & Premium
    • Grayscale Bitcoin Trust (GBTC)
      • GBTC Digital Asset Holdings
      • GBTC Premium or Discount
  • Grayscale Ethereum Trust (ETHE)
    • ETHE Digital Asset Holdings
    • ETHE Premium or Discount
  • Coinbase Premium
  • Korea Premium Index
  • Bank Supply Ratio
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  • Definition
  • Interpretation
  • By value itself
  • By examining trend
  • Link to Our Data

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  1. UTXO Data/Indicators
  2. UTXO Bands (Value)

UTXO Count - Value Bands

UTXO Count - Age Bands shows the distribution of the number of UTXOs according to its value.

Definition

UTXO Count - Age Bands shows the distribution of the number of UTXOs according to its value. Each colored band represents the number of UTXOs in existence, that has a value within the denoted range. This indicator can be used to estimate the number of whale and retail holders by comparing each band.

UTXO Count - Value Bands=∑u∈utxosI(ai≤valueu<bi)\text{UTXO Count - Value Bands} =\sum_{u \in utxos} \mathbb{I}(a_i \leq \text{value}_u < b_i)UTXO Count - Value Bands=u∈utxos∑​I(ai​≤valueu​<bi​)
[ai,bi)∈[0,0.01),[0.01,0.1),[0.1,1),[1,10),[10,100),[100,1k),[1k,10k),[10k,inf)[a_i, bi) \in [0, 0.01), [0.01, 0.1), [0.1, 1), [1, 10), [10, 100), [100, 1k), [1k, 10k), [10k, inf)[ai​,bi)∈[0,0.01),[0.01,0.1),[0.1,1),[1,10),[10,100),[100,1k),[1k,10k),[10k,inf)

Metric

Definition

UTXO Count - Value Bands

Each colored band represents the number of UTXOs in existence, that have a value within the denoted range.

UTXO Count - Value Bands (%)

Each colored band represents the ratio of the number of UTXOs in existence, that have a value within the denoted range.

Interpretation

This indicator can be used to estimate the number of whale and retail holders by comparing each band. UTXO Count- Value Bands could be interpreted as a 'proxy' to the actual holders count that fit according to the Value Band.

By value itself

  • High value(Native Value) & Dominance(%) in certain UTXO Value Band - High Number of investors that fit the Value Band

For example, if the UTXO Value Band of 1k to 10k has the greatest UTXO Count - Value Bands,

1) It is possible to interpret it as investors that hold at least 1k to 10k (possible whales) take a large portion of the market in terms of the number of participants.

2) The price range bought at the time could indicate an important price level in the market in terms of the number of holders.

  • Low value(Native Value) & Dominance(%) in certain UTXO Value Band -Low Number of investors that fit the Value Band

For example, if the UTXO Value Band of 1k to 10k has the least UTXO Count - Value Bands,

1) It is possible to interpret it as investors that hold at least 1k to 10k (possible whales) take a small portion of the market in terms of the number of participants.

2) The price range bought at the time could indicate a less important price level in the market in terms of the number of holders.

By examining trend

  • Greater UTXO Value Bands Gaining Dominance or Larger in Depth = Increasing Whale Dominance - Holders that have the possibility of being a whale is increasing in numbers

  • Smaller UTXO Value Bands Gaining Dominance or Larger in Depth = Decreasing Whale Dominance -Holders that have the possibility of being retail is increasing in numbers

Link to Our Data

PreviousRealized Cap - UTXO Value Bands USDNextSpent Output Value Bands

Last updated 3 years ago

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UTXO Count - Value Bands Live Chart
UTXO Count - Value Bands (%) Live Chart