Revived Supply
Volume of coins moving after being dormant for 1+ years. Spikes often coincide with major market events or distribution phases.
What is it?
Revived Supply estimates the daily volume of BTC dormant for over one year that are put back in motion. Computed from Coin Days Destroyed (CDD / 365), this metric isolates old coin activity without the age-weighting of raw CDD. It is a direct indicator of long-term holder activity - when many old coins 'revive,' it marks a behaviour change among the market's most patient actors.
How to read
The chart shows bars or a line representing the daily volume of 'revived' coins. High spikes indicate days when an abnormally high volume of old coins was moved. Applying a moving average (7 or 30 days) is useful to filter daily noise. Compare spikes with simultaneous price movements to determine whether old holders are spending into strength (rising) or weakness (falling).
Key zones
During calm periods, Revived Supply ranges between 2,000 and 10,000 BTC/day. Volumes above 50,000 BTC have historically marked major events (top distribution, capitulation, exchange migration). Extreme spikes (>100,000 BTC) are rare and require investigation - they may be institutional cold wallet restructuring rather than actual selling.
What to observe
A cluster of high Revived Supply days (not just an isolated spike) is a stronger indication than a single day. Observe the correlation with price: if Revived Supply increases during a price rise, it suggests old holders are taking profits. If it increases during a decline, it may mark panic even among strong hands, an indication historically associated with final capitulation.
Historical context
The largest Revived Supply events were observed in March 2020 (COVID crash - widespread capitulation), April 2021 (massive distribution at the top), and May 2021 (panic during the -50% correction). Periods of absolute calm in Revived Supply (no spikes for weeks) have historically preceded significant price movements in both directions.
Expert notes
This metric is computed as CDD / 365, a standard proxy for the volume of coins dormant >1 year that are put back in motion. Cross it with SOPR to determine whether revived coins are sold at a profit or loss. Old coins sold at a loss is an extremely rare indication historically associated with deep bear market capitulations. Very high spikes (>100K BTC) require investigation - they may be exchange cold wallet movements.
Common mistakes to avoid
A Revived Supply spike does not automatically mean 'selling.' An old coin can be moved to a new cold wallet, migrated to a SegWit/Taproot format, or consolidated without any intention to sell. Internal exchange movements (hot/cold wallet restructuring) can also create significant false readings.
Programmatic access
REST API
curl -sS \
'https://api.trinityinsights.io/api/v1/onchain/revived-supply/history?days=90' \
-H 'X-API-Key: $TRINITY_API_KEY'MCP server
{
"tool": "get_chart_value",
"metric_id": "revived-supply",
"timeframe": "1y"
}Required tier: pro. See the pricing grid for the tier list and the MCP documentation for multi-client configuration.
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Institutional disclaimer
Trinity Insights is an educational and analytical tool. The metric above does not constitute investment advice. Trinity Insights is not a Crypto-Asset Service Provider (CASP) registered under MiCA Regulation (EU) 2023/1114. See the full disclaimer.