Revived Supply Total
Total daily BTC count revived from cohorts ≥ 1 year old - quantifies how much long-dormant supply rejoins circulation.
What is it?
Revived Supply Total measures, in native BTC, the quantity of coins exiting vintage cohorts ≥ 1 year old daily. Formally: for each eligible vintage class (year-of-birth), we compute the absolute value of negative supply deltas (coins leaving the cohort). We then aggregate across all eligible classes. This series strictly quantifies the amount of old capital being put back in motion, unlike USD series (#311, #312) which value in dollars. Cohorts < 1 year old are excluded by construction (not yet considered 'dormant').
How to read
BTC linear line with optional BTC price overlay. Read as an on-chain volume: each day shows the total revived BTC count. No log scale needed (BTC count typically bounded 1-50K daily). Visually compare with halvings (events overlay) - post-halving phases often have a distinctive signature on the revived supply pattern.
Key zones
Extreme peaks correspond to OG distribution waves (FTX collapse, post-ETF launch). Prolonged troughs mark stabilisation phases where few old coins move. A structurally rising revived supply over several months can indicate a regime change: hodlers gradually give in.
What to observe
Cross-reference with #314 Revived Age Dominance to decompose which age band contributes the most. A high revived supply dominated by 1-2y bands can mark that still-young cohorts capitulate. A high revived supply dominated by > 5y bands marks OG turnover (rare and highly informative). Also watch correlations with coin-issuance-rate (#43 prod): revived supply + new issuance = total daily new circulation.
Historical context
Notable historical peaks: COVID crash March 2020 (capitulation), Mt.Gox resurfacing 2024, FTX collapse November 2022. Deep bear markets typically generate revived supply spikes during final capitulation phases. Mature bull markets see peak spikes at cycle tops (OG distribution). Trinity Insights starts the history of this series at genesis (2009) to enable full-cycle reading.
Expert notes
The ≥ 1 year threshold for a cohort to be considered 'dormant' is a conservative convention. More aggressive analyses use ≥ 6 months or ≥ 3 months. Trinity adopts the 1y threshold as industry baseline (consistent with STH/LTH thresholds) because it filters out frequent trader rotations and truly captures old capital reawakening. Important note: the 'revived-supply' prod (#8) is a different (legacy) series measuring a global aggregate. The new #313 series decomposes by vintage cohort.
Common mistakes to avoid
Common mistake: concluding that a high revived supply is automatically bearish. Revived BTC may be absorbed by new entities (e.g., ETF custodians) without effective selling pressure. Cross-reference with exchange-reserves to verify if revived coins join exchanges (potential selling pressure) or are absorbed into cold storage (lasting hand change). Revived supply translating to a drop in exchange reserves = healthy institutional absorption indicator.
Programmatic access
REST API
curl -sS \
'https://api.trinityinsights.io/api/v1/onchain/revived-supply-total/history?days=90' \
-H 'X-API-Key: $TRINITY_API_KEY'MCP server
{
"tool": "get_chart_value",
"metric_id": "revived-supply-total",
"timeframe": "1y"
}Required tier: pro. See the pricing grid for the tier list and the MCP documentation for multi-client configuration.
Related metrics
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.