> For the complete documentation index, see [llms.txt](https://docs.blockhorizon.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.blockhorizon.io/chart-tutorials/spend-outputs/spent-outputs-7y-10y.md). # Spent Outputs 7y-10y ## Spent Outputs 7 Years–10 Years Indicator The Spent Outputs 7 Years–10 Years metric is an on-chain indicator that tracks the number of spent transaction outputs (UTXOs) aged between 7 years and 10 years. This metric provides insights into the behavior of very long-term holders, often early adopters or those who accumulated assets in previous market cycles. It is particularly valuable for understanding strategic profit-taking, market sentiment among seasoned investors, and responses to major market events. ## Steps to Use the Spent Outputs 7 Years–10 Years Metric 1\. Understand the Concept • Spent Outputs 7 Years–10 Years: Measures the frequency of UTXOs created 7–10 years ago that are now being spent. • Relevance: Highlights the activity of holders with very long-term positions, often reflecting their confidence, profit-taking behavior, or strategic decisions. 2\. Interpret the Spent Outputs 7 Years–10 Years Metric • High Activity: Indicates profit-taking or strategic repositioning by very long-term holders, typically seen during bull market peaks or significant price rallies. • Low Activity: Suggests that long-term holders are maintaining their positions, reflecting confidence in future price appreciation or market stability. • Spikes in Activity: May signal reactions to major price movements, market overvaluation, or other significant events. 3\. Analyze Historical Patterns • Market Tops: High activity in this age band often coincides with profit-taking by very long-term holders, aligning with market peaks. • Market Bottoms: Low activity during bearish phases reflects confidence among very long-term holders, as they choose to hold through market downturns. • Sideways Markets: Minimal activity is common during consolidation phases, indicating reduced selling pressure and strong holder confidence. 4\. Make Decisions • During Bull Markets: Monitor spikes in this metric for signs of increased selling pressure by very long-term holders, which may signal potential market corrections or price peaks. • During Bear Markets: Low activity during downturns suggests that very long-term holders are not capitulating, signaling confidence in the market’s eventual recovery. • During Stable Markets: Reduced activity reflects market stability and provides opportunities to focus on long-term strategies. ## Tips: * Combine with Other Metrics: Use Spent Outputs 7 Years–10 Years alongside metrics like Realized Cap for a more comprehensive view of very long-term holder behavior. * Monitor Strategic Selling: Spikes in this metric often indicate strategic profit-taking by early adopters or seasoned investors, which can align with market tops. * Assess Holder Confidence: Low activity during downturns highlights confidence among very long-term holders, often signaling market stabilization or accumulation phases. * Analyze Historical Trends: Compare current activity levels with historical patterns during similar market conditions to identify recurring behaviors and align strategies with past market cycles. ## How to Use the Indicator Effectively • During Market Tops: High activity in Spent Outputs 7 Years–10 Years reflects profit-taking by very long-term holders, often signaling potential market peaks. Use these signals to assess risk and prepare for potential corrections. • During Market Bottoms: Low activity indicates confidence among very long-term holders, suggesting reduced selling pressure and a favorable environment for market recovery. These periods often align with strategic accumulation opportunities. • During Consolidation Phases: Minimal activity reflects strong confidence among very long-term holders, signaling market stability and providing a foundation for long-term positioning. ## Created By: This indicator is a widely recognized tool in blockchain analytics. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. 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