BTC: Created and Spent Output Counts - EMA30 Upper Envelope

Bitcoin Created and Spent Output Counts - EMA30 Upper Envelope was 1,140,511.13 outputs on 7 Nov 2026 (latest daily value).

The higher of Bitcoin's 30-day averages of outputs created and outputs spent each day, with a floor of 250,000.

Why use it. A building block for comparing how fast outputs are created and spent. How to read it. Read it with the lower line: the gap between them is the difference between creation and spending.

Calculation. Exact definition: The higher of the 30-day exponential moving averages of daily created and spent output counts, with a floor of 250,000 outputs. Each day takes whichever smoothed count is larger, and the line never falls below the fixed 250,000 floor, so a flat line at 250,000 means both averages are at or below it. These are output counts, not transactions or users. Closed UTC days only, with no carry across missing inputs; source revisions, publication holds and the weakest input's finality carry through. max(max(ema(a,30), ema(b,30)), 250000), where a is the daily created output count, b the daily spent output count and ema(x,30) a 30-observation exponential moving average. Counts come from locally validated Bitcoin Core data, using 40-digit Decimal arithmetic.