Spent Output Supply Distribution
Spent Output Supply Distribution wallets holding between 0 to 0.01 BTC	SOSD_0_001
Spent Output Supply Distribution wallets holding between 0.01 BTC to 0.1 BTC	SOSD_001_01
Spent Output Supply Distribution wallets holding between 0.1 BTC to 1 BTC	SOSD_01_1
Spent Output Supply Distribution wallets holding between 1 BTC to 10 BTC	SOSD_1_10
Spent Output Supply Distribution wallets holding between 1 BTC to 100 BTC	SOSD_10_100
Spent Output Supply Distribution wallets holding between 100 BTC to 1000 BTC	SOSD_100_1K
Spent Output Supply Distribution wallets holding between 1000 BTC to 10,000 BTC	SOSD_1K_10K
Spent Output Supply Distribution wallets holding over 10,000 BTC	SOSD_10K_INF

INTERVALS 
Tier 1:  1M, 1W, 3D, 1D	
Tier 2:  1M, 1W, 3D, 1D, 12h, 4h, 2h, 1h, 15m, 10m, 5m, 1m	
Tier 3:  1M, 1W, 3D, 1D, 12h, 4h, 2h, 1h, 15m, 10m, 5m, 1m

Spent Output Supply Distribution (SOSD)

What is it?

Spent Output Supply Distribution, or (SOSD), is an indicator in cryptocurrency market analysis that shows how much of the coins have been spent from wallets of various sizes. This indicator helps to understand how funds are distributed among different groups of investors - from small holders to whales.

How to Interpret SOSD?

Spent Output Supply Distribution (SOSD): Identifies how many coins have been spent from wallets of a specific size. This can help understand which investor groups are most active in the market at any given time.

Advantages:
Analyzing SOSD can help identify trends in how different groups of investors spend their coins.
It enables us to understand whether the market is dominated by actions of small investors or whales, which can influence the directions of price movements.

Delays in on-chain data metrics in exceptional circumstances can reach up to 40 minutes. Due to the structure of the Bitcoin blockchain, delays in these metrics typically range around 20 minutes.

Risks / Disadvantages:
Interpreting SOSD can be complex and might require additional data and knowledge about the current market situation.
The indicator alone does not provide a complete picture without analysis of other market factors, such as overall trading activity or price changes.



In the provided image, we see a graphical representation of the Spent Output Supply Distribution. This chart typically shows different wallet sizes on one axis and the amount of spent coin (either in absolute numbers or percentages) on the other. By examining this chart, you can gauge which groups of investors are more active or influential in the market based on their wallet size. For instance, a spike in the chart corresponding to large wallet sizes might suggest that "whales" are actively spending or moving their coins, potentially indicating significant market movements. Conversely, a lot of activities in the smaller wallet sizes might point to a more grassroots-level movement among average investors.

Understanding these dynamics is crucial for getting a sense of market sentiment and potential future movements. However, as the risks point out, this indicator should not be used in isolation but rather as part of a broader analytical framework.

Updated on: 07/03/2024