Wallet Net Position Change 30d
Per-cohort supply delta on a rolling 30-day window, smoothed with a 7-day moving average.
What is it?
This metric measures, for each of the six wallet-size cohorts, the change in supply held over a rolling 30-day window. A 7-day moving average smoothing is applied to attenuate high-frequency noise while preserving short-term inflections. The result is six time series that can be positive (accumulation) or negative (distribution).
How to read
The horizontal axis is time, the vertical axis is BTC (positive or negative). The zero line is critical: above it, the cohort accumulates; below, it distributes. The six overlaid curves allow identification of which cohort drives the net market movement on any given date.
Key zones
Strongly negative whale-humpback readings combined with positive shrimp-crab-fish readings are the classic late-cycle distribution indicator. The reverse is the classic capitulation-followed-by-deep-value indicator where big actors accumulate.
What to observe
Identify divergences between cohorts during cycle transition phases. Simultaneous large-amplitude moves are typically high-volatility speculative phases. Cohort-specific decoupled moves are more informative institutional indicates.
Historical context
Simultaneous accumulation peaks across all cohorts in March 2020 after the COVID crash, then in November 2022 after the FTX collapse, preceded structural price recoveries. Whale-cohort distribution peaks in April and October 2021 preceded the local tops of the 2020-2021 cycle.
Expert notes
The 7-day smoothing introduces minimal lag (about 3-4 days) between indicator and actual movement. The 30-day window privileges short-term readability; for macro-cycle reading, use the 365-day variant.
Common mistakes to avoid
A negative net position change on the humpback cohort does not necessarily mean selling: it may reflect a simple intra-holder transfer. The metric does not distinguish the nature of the movement.
Programmatic access
REST API
curl -sS \
'https://api.trinityinsights.io/api/v1/onchain/wallet-netposchange-30d/history?days=90' \
-H 'X-API-Key: $TRINITY_API_KEY'MCP server
{
"tool": "get_chart_value",
"metric_id": "wallet-netposchange-30d",
"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.