On-chain Bitcoin
Each metric in the on-chain bitcoin rubric ships with a bilingual education sheet. Click any identifier to open the detailed page (definition, how to read, key zones, historical context).
Adoption
| Identifier | Name | Short description | Tier |
|---|---|---|---|
btcmap-merchant-adoption | Bitcoin Merchant Adoption | Number of known physical merchants worldwide accepting Bitcoin payments, sourced from BTCMap.org (OpenStreetMap data, ODbL license). Tracks real-world commerce adoption - a fundamental indicator decoupled from on-chain speculation and protocol activity. | pro |
btcmap-lightning-adoption | Lightning Merchant Share | Area chart of the share of BTCMap-registered merchants that also declare Lightning Network support, with a BTC price overlay for cycle context. Read the slope of the curve rather than absolute milestones. | pro |
btcmap-total-merchants | Total Bitcoin Merchants | Cumulative number of physical merchants accepting Bitcoin worldwide, tracked via BTCMap.org. A direct measure of real-world Bitcoin adoption in commerce. | free |
btcmap-total-atms | Total Bitcoin ATMs | Cumulative count of Bitcoin ATMs and BTMs globally. ATM deployment reflects institutional confidence in retail Bitcoin demand and accessibility infrastructure. | pro |
btcmap-total-exchanges | Total Physical Exchange Points | Number of physical locations offering Bitcoin exchange services worldwide. Bridges the gap between online exchanges and real-world fiat-to-Bitcoin on-ramps. | pro |
btcmap-ln-vs-onchain | Lightning vs On-Chain Merchants | Breakdown of merchants by payment method: Lightning Network versus on-chain only. Tracks the migration toward instant, low-fee payments as Lightning infrastructure matures. | pro |
btcmap-world-map | Global Adoption Map | Choropleth world map colored by Bitcoin merchant density per country. Provides an instant visual snapshot of where real-world Bitcoin adoption is strongest. | pro |
btcmap-adoption-velocity | Adoption Velocity Map | Diverging choropleth rendering the 30-day merchant-count delta (%) per country. Red = net contraction, grey = stable, green = net growth. Answers: where is Bitcoin adoption accelerating right now, not just where it is already high? | pro |
btcmap-country-leaderboard | Country Adoption Leaderboard | Single-dimension descending bar chart ranking countries by their total Bitcoin-accepting merchant count from the BTCMap registry. The leader is on the left; trailing countries fall off to the right. | pro |
btcmap-data-freshness | Data Freshness Score | Percentage of merchant listings verified or updated within the last 12 months. A quality metric that separates reliable adoption data from outdated ghost listings. | free |
btcmap-daily-events | Daily Map Events | Daily BTCMap events: merchant creations, updates, and deletions. A pulse of the community's mapping activity and data maintenance effort. | pro |
btcmap-adoption-indexEXCLUSIVE | Trinity Adoption Index | Proprietary composite index combining merchant count, growth rate, Lightning penetration, and data freshness into a single adoption health score. Captures multi-dimensional adoption momentum. | performance |
Cointime
| Identifier | Name | Short description | Tier |
|---|---|---|---|
active-cap | Active Cap (Cointime) | Cointime-weighted capitalization counting only economically active supply. Filters out dormant coins for a cleaner valuation reading. | pro |
vaulted-cap | Vaulted Cap (Cointime) | Capitalization of dormant, vaulted supply - coins that have not moved in a long time. Rising Vaulted Cap marks deep conviction and long-term holding. | pro |
cointime-cap | Cointime Cap | Composite capitalization metric integrating both active and vaulted components. Provides a holistic view of economic weight across the entire UTXO set. | pro |
true-market-mean | True Market Mean Price | Average acquisition price weighted by cointime economics, excluding dormant supply. A more accurate cost basis than standard Realized Price. | pro |
aviv-ratio | AVIV Ratio | Active Value to Investor Value ratio - the cointime-native MVRV. Compares only economically active market cap to investor cap, removing dormant coin noise. | pro |
cointime-price | Cointime Price | Price model derived from the cointime economic framework. Acts as a dynamic fair-value anchor that adjusts for the age-weighted activity of the network. | pro |
vaultedness | Vaultedness | Complement of Liveliness - measures the proportion of cointime being stored (vaulted) rather than destroyed. High vaultedness = strong accumulation regime. | pro |
ct-soprEXCLUSIVE | CT-SOPR (Cointime-Weighted SOPR) | EXCLUSIVE - SOPR weighted by coinblocks destroyed, filtering out high-frequency noise. Gives more weight to coins that carried significant time-value. | performance |
vaultedness-dormancy-divergenceEXCLUSIVE | Vaultedness-Dormancy Divergence | EXCLUSIVE - Detects divergences between cointime vaultedness and classical dormancy metrics. Divergence spikes reveal regime changes invisible to either metric alone. | performance |
danv | DANV (Dormancy-Adjusted Network Value) | EXCLUSIVE - Market Cap multiplied by Liveliness, stripping out dormant coin valuation. Reveals the true economic footprint of the actively transacting network. | performance |
aviv-ratio-zscore | AVIV Z-Score | Rolling 2-year Z-score of the AVIV Ratio. Quantifies how extreme the current Active-vs-Vaulted valuation is relative to its own multi-cycle distribution. | pro |
aviv-gradient-30d | AVIV Gradient 30d | 30-day normalized rate of change of the AVIV Ratio. Positive values indicate short-term distribution, negative values indicate short-term accumulation. | pro |
aviv-gradient-90d | AVIV Gradient 90d | 90-day normalized rate of change of the AVIV Ratio. Mid-term horizon for accumulation vs distribution regime identification. | pro |
aviv-gradient-180d | AVIV Gradient 180d | 180-day normalized rate of change of the AVIV Ratio. Captures cycle-scale shifts between hoarding and distribution phases. | performance |
aviv-gradient-360d | AVIV Gradient 360d | 360-day normalized rate of change of the AVIV Ratio. Macro cycle-scale derivative - slowest AVIV reading, tracks multi-year regime changes. | performance |
aviv-momentum | AVIV Momentum | AVIV Ratio minus its 365-day exponential moving average. Measures deviation from the long-term trend - a cyclical accumulation / distribution oscillator. | pro |
aviv-lth-zscore | AVIV Z-Score LTH | Rolling 2-year Z-score of an LTH-cohort recompute of the AVIV Ratio. Isolates conviction-weighted reading by removing short-term holder noise. | performance |
hodl-bank | HODL Bank | Cumulative holding value accrued by Long-Term Holders - the aggregate savings buffer of conviction buyers. Monotonic structural reservoir metric. | pro |
hodled-or-lost-supply | Hodled or Lost Supply | Supply structurally out of circulation - coins dormant more than seven years plus provably lost coins. Quantifies the illiquid floor of the market. | pro |
liveliness-derivatives-30d | Liveliness Derivatives 30d | 30-day rate of change of Liveliness. Negative derivative identifies accumulation regimes, positive derivative flags distribution pressure. | pro |
velocity-cointime-adjusted | Velocity Cointime-Adjusted | Transfer volume divided by the cointime-active supply. Weights velocity by the live fraction of coins, filtering out dormant supply noise from the monetary velocity reading. | performance |
velocity-coinblock | Coinblock Velocity | Ratio of coinblocks created to coinblocks stored. A cointime-native rotation frequency - high values indicate aging supply being spent, low values indicate stored supply. | pro |
cointime-nvt | Cointime NVT Ratio | Cointime Cap divided by 90-day smoothed transfer volume. A cointime-weighted Network Value to Transactions ratio - filters dormant-coin distortion from classic NVT. | pro |
cointime-rvt | Cointime RVT Ratio | Realized Cap divided by 90-day smoothed transfer volume. The Realized Value to Transactions companion of Cointime NVT - complements network-activity valuation from a cost-basis angle. | pro |
smart-money-conviction-decayEXCLUSIVE | Smart Money Conviction Decay | EXCLUSIVE - Compares the dormancy of Smart Money holders against Tourists on a logarithmic scale. Smart money dormancy that climbs after a long quiet stretch shows veterans beginning to spend coins held in deep conviction - an early mark of quiet distribution. | performance |
Composites
| Identifier | Name | Short description | Tier |
|---|---|---|---|
trinity-composite-scoreEXCLUSIVE | Trinity Composite Score | EXCLUSIVE - Trinity's flagship on-chain intelligence score (0-100). A proprietary synthesis of reference on-chain indicators into a single macro regime reading, from extreme fear to extreme greed. Composition not disclosed. | performance |
accumulation-intensityEXCLUSIVE | Accumulation Intensity | EXCLUSIVE - Proprietary score measuring the 30-day change in illiquid (hodled/lost) supply as a percentage of total supply, then ranked by historical percentile and scaled to -100 to +100. | performance |
market-cycle-phaseEXCLUSIVE | Market Cycle Phase | EXCLUSIVE - Proprietary continuous oscillator (-100 to +100) reading Bitcoin's cycle position from on-chain holder behaviour. Components, weighting and normalisation are not disclosed. -100 = deep accumulation, +100 = euphoria/distribution conditions. | performance |
smart-money-confidenceEXCLUSIVE | Smart Money Confidence | EXCLUSIVE - LTH MVRV / STH MVRV ratio measuring the relative profit position between long-term and short-term holders. High ratio = LTH positioned strongly, STH under pressure (accumulation phase). | performance |
whale-accumulation-pulseEXCLUSIVE | Whale Accumulation Pulse | EXCLUSIVE - 30-day percentage change in illiquid (hodled/lost) supply, used as an aggregate proxy for large holder behavior. Positive pulse = accumulation ; negative pulse = distribution phase. | performance |
miner-stress-indexEXCLUSIVE | Miner Stress Index | EXCLUSIVE - Composite miner stress score (0-100) combining hash rate momentum, inverse Puell Multiple and inverse fee dominance. The weights and the normalisation are proprietary. | performance |
hodler-conviction-scoreEXCLUSIVE | HODLer Conviction Score | EXCLUSIVE - Composite conviction score (0-100) = (1 - Liveliness) × (hodled_or_lost_supply / total_supply) × 100. High score = majority of supply dormant AND few old coins moving. | performance |
fear-greed-index | Fear & Greed Index | The Crypto Fear & Greed Index (0-100) measures market sentiment using volatility, market momentum, social media, surveys, dominance, and trends. Readings below 25 mark extreme fear, above 75 extreme greed. Both extremes can persist for months. | free |
btc-dominance | BTC Dominance | Bitcoin's share of total cryptocurrency market capitalization. Rising dominance marks risk-off rotation into BTC; falling dominance indicates altcoin season. A foundational macro indicator. | free |
sell-side-risk-ratio | Sell-Side Risk Ratio | Daily on-chain realized value (profit + loss) divided by the total realized cap, smoothed over 7 days. A compact percentage gauge of the selling pressure relative to the wealth stored on-chain. | pro |
sell-side-risk-ratio-sth | Sell-Side Risk Ratio STH | Sell-Side Risk Ratio applied to the short-term holder cohort (UTXOs younger than ~155 days). Reflects speculator-driven activity and reactive turnover. | pro |
sell-side-risk-ratio-lth | Sell-Side Risk Ratio LTH | Sell-Side Risk Ratio applied to the long-term holder cohort (UTXOs older than ~155 days). Reflects conviction-side activity - when LTHs ramp up, distribution phases tend to follow. | pro |
seller-exhaustion-constant | Seller Exhaustion Constant | Combines the share of supply held at a loss with the rolling 30-day price volatility. Bottom-of-cycle marker: rising capitulation combined with collapsing volatility historically aligns with macro lows. | pro |
net-realized-pnl | Net Realized PnL | Daily net difference between realized profit and realized loss, denominated in BTC and smoothed over 7 days. Positive readings indicate net gain-taking; negative readings indicate net capitulation. | pro |
net-realized-pnl-usd | Net Realized PnL (USD) | Net Realized PnL converted to USD via the daily close price, smoothed over 7 days. Provides a magnitude reading institutional desks can size against AUM and inflow context. | pro |
realized-pnl-momentum | Realized PnL Momentum | 30-day gradient of the USD-denominated Net Realized PnL, smoothed over 7 days. Captures the acceleration or deceleration of profit-taking versus capitulation flows. | pro |
realized-pnl-momentum-sth | Realized PnL Momentum STH | Realized PnL Momentum restricted to the short-term holder cohort. Sharp swings here often precede broader regime shifts as STH activity reacts first to price extension or capitulation. | pro |
realized-pnl-momentum-lth | Realized PnL Momentum LTH | Realized PnL Momentum restricted to the long-term holder cohort. Distinct slope changes indicate conviction-side accumulation or distribution phases. | pro |
top-models-overlay | Top Models Overlay | Stacks BTC price against two classic cycle-top valuation models - Top Cap and Terminal Price. A multi-line wrapper to read distance versus historical ceilings. | pro |
bottom-models-overlay | Bottom Models Overlay | Stacks BTC price against two classic cycle-bottom valuation models - Realized Price and Delta Price. A multi-line wrapper to read distance versus historical floors. | pro |
euphoria-zoneEXCLUSIVE | Euphoria Zone | Trinity-exclusive composite cycle-state score bounded 0-100, derived from a multi-factor on-chain blend and ranked against five years of history. Reads euphoria zones above 75 and capitulation zones below 25. | performance |
trinity-smart-money-dominanceEXCLUSIVE | Trinity Smart Money Dominance | EXCLUSIVE - Trinity's proprietary 0-100 score reading whether smart money or tourists control the market, derived from the full set of price-based cohort behaviours. High = smart money in control (structural accumulation) ; low = tourists in control (FOMO and distribution). Inputs and weights are not disclosed. | performance |
Innovation
| Identifier | Name | Short description | Tier |
|---|---|---|---|
cointime-mvrv | Cointime MVRV | EXCLUSIVE - MVRV recalculated using the Cointime economic framework: Market Cap divided by Cointime Cap (active-supply weighted realized cap). Removes dormant-coin distortion for a more faithful measure of active-supply profitability. | performance |
cointime-nupl | Cointime NUPL | Net Unrealized Profit/Loss computed using the Cointime Cap (active-supply weighted) rather than standard realized cap. Captures the profit sentiment of only economically active market participants. | performance |
true-market-mean-deviation | True Market Mean Deviation | Price deviation from the True Market Mean price, expressed as a Z-score. Statistical extremes in this deviation have historically marked the best long and short opportunities. | performance |
thermocap-multiple | Thermocap Multiple | Market cap divided by total cumulative miner revenue (Thermocap). Measures how much speculative premium investors are paying above the security spend invested into the network. | pro |
investor-cap-ratio | Investor Cap Ratio | Investor Cap (realized cap minus thermocap) divided by market cap. Measures how much of the current valuation reflects investor speculation above and beyond security spending. | performance |
realized-cap-momentumEXCLUSIVE | Realized Cap Momentum | EXCLUSIVE - Rate of change of Realized Cap, expressed as a rolling 30-day percentage change. Accelerating realized cap growth marks fresh capital inflows; deceleration reveals capital rotation or exit. | performance |
supply-deltaEXCLUSIVE | Supply Delta | EXCLUSIVE - Net change in long-term vs. short-term holder supply over a rolling window. A widening positive delta (LTH growing, STH shrinking) is a classic accumulation fingerprint. | performance |
demand-momentumEXCLUSIVE | Demand Momentum | EXCLUSIVE - Composite leading indicator synthesizing new address growth, entity-adjusted volume trend, and realized cap momentum into a unified demand pulse. Turns positive before price typically follows. | performance |
network-momentum | Network Momentum | EXCLUSIVE - Transaction volume momentum measured as 90-day vs 365-day moving average ratio. Positive values indicate expanding on-chain economic activity; negative values mark contraction. | performance |
hodl-multiplierEXCLUSIVE | HODL Multiplier | EXCLUSIVE - LTH Realized Cap / STH Realized Cap ratio. High values mark LTH dominance (accumulation), low values mark STH dominance (distribution). | performance |
taproot-economic-gapEXCLUSIVE | Taproot Economic Gap™ | EXCLUSIVE - Trinity proprietary indicator overlaying P2TR output count share (%) with P2TR supply share (%). The gap between the two reveals how much Taproot activity is dust (Ordinals, Lightning, BRC-20) versus real economic value transfer. | performance |
taproot-output-intensityEXCLUSIVE | Taproot Output Intensity | EXCLUSIVE - Dual view of daily P2TR output creation rate versus daily P2TR supply net change. High output count with flat supply change marks non-economic protocol activity (inscriptions, anchors). Divergence quantifies dust dominance. | performance |
script-migration-momentumEXCLUSIVE | Script Migration Momentum | EXCLUSIVE - 30-day rolling rate-of-change of each script type's market share by output count. Positive values indicate adoption acceleration, negative values mark decline. Reveals regime shifts in Bitcoin's protocol evolution. | performance |
taproot-segwit-raceEXCLUSIVE | Taproot vs SegWit Adoption Race | EXCLUSIVE - Adoption curves of Taproot (from Nov 2021 activation) and SegWit (from Aug 2017 activation) aligned by days since activation. Directly compares adoption velocity of Bitcoin's two most significant soft forks under different market conditions. | performance |
taproot-supply-ratio | Taproot Supply Ratio | Percentage of total circulating BTC supply held in Taproot (P2TR) UTXOs. Measures actual economic migration to Bitcoin's latest script type - a purer adoption indicator than output count, which is inflated by dust and protocol overhead. | free |
taproot-efficiency-ratioEXCLUSIVE | Taproot Efficiency Ratio™ | EXCLUSIVE - Industry-first metric: ratio of P2TR supply share to P2TR output count share. When < 1, Taproot is predominantly used for dust/protocol activity. When > 1, Taproot carries disproportionate economic weight. 7-day EMA smoothed to filter inscription bursts. | performance |
Interactive tools
| Identifier | Name | Short description | Tier |
|---|---|---|---|
cost-basis-explorerEXCLUSIVE | Cost Basis Explorer | EXCLUSIVE - Overlays the 3 Bitcoin realized-price cost-basis lines (Global / STH < 6m / LTH > 2y) with a filled STH-LTH spread band and the BTC spot price. 4 zoom presets + 4 cohort toggles + live defence-level summary pills and regime interpretation. | performance |
hodl-wave-explorerEXCLUSIVE | HODL Wave Explorer | EXCLUSIVE - Interactive HODL Waves with 12 individually toggleable age bands (<1d to >10y), stacked vs independent-lines view, 4 zoom presets (1y/2y/4y/all), and a latest-snapshot summary table showing each band's current value and 4-year min/max range. | performance |
mvrv-scenario-builderEXCLUSIVE | MVRV Scenario Builder | EXCLUSIVE - Interactive scenario tool projecting future MVRV values at different price multiplier and realized-cap growth assumptions. Users dial in sliders and see the implied profit/loss zone (capitulation / neutral / healthy / overheating) overlaid on the historical MVRV chart. | performance |
drawdown-simulatorEXCLUSIVE | Drawdown Simulator | EXCLUSIVE - Interactive tool simulating hypothetical drawdown scenarios on a portfolio, mapped against the empirical distribution of historical Bitcoin drawdowns. Quantifies historical frequency and recovery duration per drawdown magnitude. | performance |
cycle-comparison-toolEXCLUSIVE | Cycle Comparison Tool | EXCLUSIVE - Interactive multi-cycle alignment tool overlaying past Bitcoin cycles aligned on halving date or cycle bottom. Each cycle is normalised to % return from the anchor, with Pearson correlation of each past cycle vs the current one displayed in a summary table. | performance |
whale-tracker-liveEXCLUSIVE | Whale Tracker | EXCLUSIVE - Daily transfer volume by addresses holding 1,000+ BTC (whales), with whale address count overlay. Real blockchain data from UTXO cohort analysis. | performance |
mempool-visualizerEXCLUSIVE | Fee Rate Distribution | EXCLUSIVE - Daily fee rate distribution showing median, P10, and P90 percentiles in sat/vB. Real blockchain fee rate data revealing network congestion patterns across time. | performance |
fee-estimator-proEXCLUSIVE | Fee Economics | EXCLUSIVE - Median fee per transaction (BTC) and fee-to-subsidy ratio tracking the economic transition from subsidy-dominated to fee-dominated security model. Real blockchain data. | performance |
utxo-explorer-3dEXCLUSIVE | UTXO Explorer 3D | EXCLUSIVE - Three-dimensional surface visualization of the UTXO set mapped by age (X), realized price (Y), and supply volume (Z). Rotate, zoom, and filter to uncover hidden accumulation and distribution structures. | performance |
correlation-matrix-btcEXCLUSIVE | On-Chain Correlation Matrix | EXCLUSIVE - Interactive heatmap of rolling Pearson correlations between 23 key on-chain metrics and BTC price. Discover which indicators are currently most predictive and when correlations break down. | performance |
on-chain-alert-builderEXCLUSIVE | On-Chain Alert Builder | EXCLUSIVE - No-code alert designer: compose up to 4 conditions (metric × operator × threshold) joined by AND/OR on 6 flagship metrics (MVRV, Puell, NUPL, Reserve Risk, Trinity Composite, Market Cycle Phase). 10-year backtest + sensitivity indicator + localStorage persistence. Live monitoring/notifications in Monitoring backend sprint. | performance |
retirement-calculator | Retirement Calculator | Interactive projection tool estimating future BTC portfolio value based on on-chain growth models, accumulation rate, and target retirement date. Combines power-law and S2F inputs for scenario planning. | pro |
cagr-calculator | CAGR Calculator | Compounded Annual Growth Rate calculator for any Bitcoin holding period. Select start and end dates to compute exact annualized returns, total return multiplier, and maximum drawdown over the period. | free |
backtest-tool | DCA Backtest Tool | Interactive backtesting tool for Dollar-Cost Averaging and lump-sum strategies using real on-chain data. Compare investment outcomes across any historical period with adjustable frequency and amounts. | pro |
returns-comparison | Bitcoin Returns | Bitcoin total return visualization normalized to percentage since the selected start date. Foundation for cross-asset comparison - benchmark overlays require licensed market data (Gold, S&P 500, Bonds, Real Estate). | pro |
Lightning
| Identifier | Name | Short description | Tier |
|---|---|---|---|
btc-layer-distribution | Lightning Network Capacity | Total BTC locked in Lightning Network payment channels over time, measured in BTC. Reflects the network's liquidity available for routing payments. | free |
layer-net-flowEXCLUSIVE | Lightning Capacity Net Flow | Net BTC capacity change on the Lightning Network between data points. Positive values indicate net channel openings (capacity growth), negative values indicate net channel closures (capacity contraction). | pro |
layer-rotation-velocityEXCLUSIVE | Layer Rotation Velocity | Proprietary composite measuring the speed at which BTC migrates between layers. High velocity indicates active capital reallocation; low velocity marks capital consolidation. | performance |
ln-force-close-rateEXCLUSIVE | Lightning Force-Close Rate | Percentage of unilateral channel closures (force-closes) relative to total closures. Spikes indicate network stress - node operators going offline, software crashes, or extreme on-chain fee environments forcing emergency closures. | pro |
ln-channel-lifecycleEXCLUSIVE | Lightning Channel Lifecycle | Daily breakdown of channel opens, cooperative closes, and force-closes on the Lightning Network. Reveals the rhythm of network expansion, maintenance, and stress events. | pro |
ln-stress-indexEXCLUSIVE | Lightning Stress Index | Proprietary composite combining force-close rate, capacity decline, node churn, and fee spikes into a single 0-100 stress score. High readings have historically preceded periods of elevated on-chain fee volatility. | performance |
ln-fee-rate-evolution | Lightning Cost of Routing | Capacity-weighted average and median routing fee rates across the Lightning Network over time. Functions as Bitcoin's native 'cost of capital' - the price node operators charge to provide liquidity. | free |
ln-cross-layer-yield-spreadEXCLUSIVE | Cross-Layer Yield Spread | Compares Lightning routing yield against Stacks PoX stacking yield. When Lightning yield exceeds Stacks yield, it marks a liquidity crunch - capital prefers routing fees over DeFi staking returns. | performance |
ln-yield-curveEXCLUSIVE | Lightning Yield Curve | Fee rates plotted against channel capacity size, forming Bitcoin's first native yield curve. Small channels charge more per sat routed; large channels offer bulk discounts - mirroring traditional bond markets. | performance |
liquid-peg-flowEXCLUSIVE | Liquid Network Peg Flow | Tracks net BTC flowing into (peg-in) and out of (peg-out) the Liquid Network over time. Liquid uses confidential transactions, making peg flows the only observable window into institutional activity on this privacy-focused sidechain. | pro |
privacy-adoption-trendEXCLUSIVE | Privacy Layer Adoption | Dual-axis view: Liquid L-BTC supply growth alongside the percentage of Tor-only nodes on the Lightning Network. Rising privacy adoption across both layers can indicate growing demand for confidential Bitcoin transactions. | pro |
flight-to-privacy-indexEXCLUSIVE | Flight to Privacy Index | Proprietary composite detecting surges in privacy-seeking behavior: Liquid peg-in spikes, Tor node growth acceleration, and capacity shifts toward privacy layers. Elevated readings have coincided with periods of regulatory uncertainty. | performance |
ln-institutional-fingerprintEXCLUSIVE | Average Channel Capacity | Average BTC capacity per Lightning channel over time. Rising average capacity suggests larger (institutional) channels are opening, while falling capacity suggests a shift toward smaller (retail) channels. A proxy for the institutional vs retail mix of the network. | performance |
ln-concentration-gini | Lightning Capacity Concentration (Gini) | Gini coefficient of Lightning Network capacity distribution across nodes. A score of 0 means perfectly distributed; 1 means one node holds all capacity. Monitors centralization risk over time. | pro |
ln-centralization-riskEXCLUSIVE | Lightning Centralization Index | Ratio of channels per node, normalized to 0-1. Higher values indicate more concentrated routing through fewer nodes (centralization risk). Values near 1 mean the average node has many channels relative to the network size; values near 0 indicate distributed routing. | performance |
Mining
| Identifier | Name | Short description | Tier |
|---|---|---|---|
hash-rate | Hash Rate | Estimated total computational power securing the Bitcoin network. Rising hash rate marks miner confidence and network security expansion. | free |
difficulty | Mining Difficulty | The automatically adjusted target that controls how hard it is to mine a block. Difficulty adjustments every ~2016 blocks act as a built-in market sentiment gauge. | free |
difficulty-ribbon | Difficulty Ribbon Compression | Measures how compressed the difficulty ribbon is (8 SMAs converging). Values near 1.0 indicate maximum compression (miner capitulation); near 0 indicates healthy expansion. | free |
hash-ribbon | Hash Ribbon | Crossover indicator derived from 30-day and 60-day hash rate moving averages. A recovery detection fires when the 30d MA crosses above the 60d MA after a capitulation period. | pro |
puell-multiple | Puell Multiple | Daily miner revenue in USD divided by its 365-day moving average. Extreme lows mark capitulation bottoms; extreme highs have historically aligned with cycle peaks. | free |
miner-revenue | Miner Revenue | Total daily USD revenue earned by miners from block subsidies plus transaction fees. The economic lifeline of the mining industry and a key demand indicator for hash power. | pro |
miner-revenue-breakdown | Miner Revenue Breakdown | Stacked view of miner revenue split between block subsidies and transaction fees. As halvings reduce subsidies, the fee proportion becomes a critical long-term sustainability metric. | pro |
hash-price | Hash Price | Revenue earned per unit of hash power (USD per TH/s per day). The fundamental profitability metric for miners - when hash price drops near cost of production, capitulation typically follows. | pro |
miner-capitulation-index | Miner Capitulation Index | Composite stress indicator aggregating hash rate drawdown, difficulty ribbon compression, and Puell Multiple. Identifies when miners are forced to sell, creating structural demand floors. | pro |
block-subsidy-decay | Block Subsidy Decay | Historical and projected block subsidy in BTC over time, highlighting each halving event. Visualizes Bitcoin's programmatic supply issuance schedule and scarcity trajectory. | pro |
block-interval-distribution | Avg Block Interval | Estimated average time between blocks in seconds, derived from hash rate and difficulty. Target is 600s (10 min). Deviations reveal hash rate imbalances vs difficulty. | pro |
thermocap-price-modelEXCLUSIVE | Thermocap Price Model | EXCLUSIVE - Bitcoin price model derived from the thermodynamic cost of mining. Maps market price to fair energy value, revealing premium and discount zones relative to energy expenditure. | performance |
total-fees-usd | Total Fees (USD) | Total daily transaction fees paid to miners in USD. Reflects real network demand and fee market dynamics. Spikes correlate with congestion events (Ordinals, market panic, exchange withdrawals). | pro |
fee-revenue-zscore-ribbon | Fee Revenue Z-Score | Z-score 90-day rolling on daily fees revenue. Extreme spikes (|Z| > 5) are physically legitimate and mark halvings, Ordinals waves and cycle peaks - the metric is preserved raw without smoothing for institutional honesty. | pro |
inscriptions-fees-daily | Inscriptions Fees Daily | Daily fees attributable to inscriptions transactions, computed via OP_RETURN heuristic. Approximation ~85-95% accuracy vs strict Ordinals (taproot witness post-2023 not captured). | free |
inscriptions-tx-share | Inscriptions Tx Share | Ratio of OP_RETURN transactions over total network transactions daily - proxy for ordinals adoption. Approximation ~85-95% accuracy (taproot witness post-2023 not captured). | pro |
inscriptions-tx-count | Inscriptions Tx Count | Daily count of transactions containing one or more OP_RETURN outputs - proxy for ordinals tx volume. Approximation ~85-95% accuracy (taproot witness post-2023 not captured). | pro |
inscriptions-vs-addresses | Inscriptions vs Addresses | Ratio of OP_RETURN inscriptions transactions over average daily active addresses - intensity of ordinals usage relative to network adoption. Approximation ~85-95% (taproot post-2023 not captured). | performance |
mining-pools-dominance | Mining Pools Dominance | Top 10 mining pools hash power composition over time, stacked-area visualization. Pre-test rendering for Batch 8 Mining pools complete (15 charts) coming next sprint. | pro |
mining-pool-concentration-hhi | Mining Pool Concentration HHI | Herfindahl-Hirschman Index applied to top 10 mining pools hash share - concentration of hash power. CBECI Cambridge methodology, range [0, 10000] where 10000 = monopoly. Distinct from `supply-concentration-hhi` which measures BTC supply distribution. | performance |
top-3-pools-share | Top-3 Mining Pools Share | Sum of top 3 mining pools hash power dominance (Foundry + AntPool + F2Pool), 7-day rolling MA. Centralization risk indicator: empirical threshold 0.5 = alert. | performance |
mining-pools-blocks-mined | Mining Pools Blocks Mined | Total daily blocks mined across the top 14 mining pools, capturing roughly 95% of network hash power production output. | pro |
mining-pools-rewards-breakdown | Mining Rewards Breakdown | Daily mining rewards split between block subsidy and transaction fees, both denominated in USD. | pro |
mining-pool-concentration-gini | Mining Pool Gini Concentration | Gini coefficient measuring inequality in hash power distribution across the top 14 mining pools - Lorenz curve methodology. | pro |
foundry-dominance | Foundry USA Dominance | Daily share of network hash power produced by Foundry USA pool, expressed as a percentage of total blocks mined. | free |
antpool-dominance | Antpool Dominance | Daily share of network hash power produced by Antpool, expressed as a percentage of total blocks mined. | free |
f2pool-dominance | F2Pool Dominance | Daily share of network hash power produced by F2Pool, expressed as a percentage of total blocks mined. | free |
pools-geographic-estimate | Pools Geographic Estimate | Pool dominance aggregated by HQ country (USA, China, Global, Czech, UK, Japan). Disclaimer: pool HQ inferred - actual hashrate location may differ. | pro |
hash-rate-by-pool | Hash Rate by Pool | Multi-line view of hash power dominance for the top 14 mining pools (frontend may multiply by global hash rate for effective per-pool hash rate). | pro |
difficulty-regression-price | Difficulty Regression Price | Linear regression rolling 730-day window of BTC price log vs mining difficulty log, predicted price vs actual price. | pro |
difficulty-per-issuance | Difficulty per Issuance | Mining difficulty divided by average daily coinbase output in satoshis - security cost per BTC issued. | performance |
mining-profitable-days | Mining Profitable Days | Daily mining profitability proxy - coinbase USD revenue minus electricity cost estimate via Cambridge CBECI methodology. | performance |
mining-revenue-vs-cost | Mining Revenue vs Cost | Multi-line view of daily mining USD revenue vs estimated electricity cost (Cambridge CBECI methodology, 0.05 USD/kWh × 30 J/Th). | pro |
mining-pulseEXCLUSIVE | Mining Pulse | A Trinity-exclusive composite health reading for the Bitcoin mining network, scored 0-100. It blends network capacity momentum, relative miner profitability and blockspace fee demand into one gauge of miner stress versus health. | free |
mining-nakamoto-coefficient | Mining Nakamoto Coefficient | Minimum number of pools whose combined hash power exceeds 50% - the lower the number, the more vulnerable the network to a majority coalition. | pro |
ocean-share-datum-era | OCEAN Pool Share & DATUM Era | Network hash power share of the OCEAN pool over time - the pool pioneering miner-built block templates (DATUM), a marker of template decentralization. | pro |
coinbase-output-complexity | Coinbase Output Complexity | Average number of coinbase output addresses per block - a proxy for payout-model decentralization (direct, non-custodial schemes pay many miners in the coinbase). | pro |
custom-template-hashrate-share | Custom-Template Hashrate Share | Share of network hash power from pools whose blocks diverge from the expected mempool template - a proxy for miner-built, decentralized block-template construction (DATUM / Stratum V2). | pro |
mining-empty-block-rate | Mining Empty Block Rate | Network share of empty blocks (mined with only the coinbase transaction) - elevated rates indicate template latency or spy-mining behaviour. | pro |
out-of-band-fee-divergence | Out-of-Band Fee Divergence | Network-wide divergence (in BTC) between realised block fees and the fees expected from the public mempool template - a proxy for out-of-band or custom transaction selection. | pro |
Network
| Identifier | Name | Short description | Tier |
|---|---|---|---|
utxo-count | UTXO Count | Total number of unspent transaction outputs in the Bitcoin UTXO set. Growth reflects increasing adoption while consolidation periods mark fee-driven efficiency optimization. | free |
utxo-growth-rate | UTXO Growth Rate | Rate of change in the UTXO set size over time. Rapid growth indicates new address creation and on-boarding; contraction during high-fee periods reflects consolidation behavior. | pro |
utxo-realized-price-dist | Realized Price Cohorts | Multi-line view of realized prices for different cohorts (Global, STH, LTH). Shows the cost basis of different holder groups and how they relate to market price. | pro |
utxo-profit-loss-ratio | UTXO Profit/Loss Ratio | Ratio of supply in profit vs. supply in loss. Values >1 mean more supply is profitable. Extreme readings mark cycle tops (>>1) or bottoms (<<1). | pro |
utxo-band-analysis | UTXO Age Bands (STH vs LTH) | Percentage of supply held by Short-Term (<6m) vs Long-Term (>2y) holders from real UTXO age data. Shows the cycle dynamic between hot money and convicted holders. | pro |
transaction-count | Transaction Count | Raw daily on-chain transaction count. Combined with entity-adjusted metrics, separates genuine economic activity from automated batching and exchange sweeps. | free |
entity-adjusted-volume | Net Realized Profit/Loss | Daily net realized profit/loss in USD - the aggregate profit minus loss of all coins moved on-chain. Positive = profit-taking dominates, negative = capitulation (sellers below cost basis). | pro |
addresses-1btc | Addresses Holding >1 BTC | Count of unique addresses holding more than 1 BTC (whole-coiners). A direct measure of Bitcoin adoption - tracks how many entities have accumulated at least one full Bitcoin. | pro |
whale-addresses-1kEXCLUSIVE | Whale Addresses (>1000 BTC) | Count of addresses holding more than 1,000 BTC. Direct on-chain measure of whale population. Changes in this count mark accumulation or distribution by the largest holders. | performance |
entity-clusteringEXCLUSIVE | Supply Concentration (>100 BTC) | EXCLUSIVE - Percentage of total Bitcoin supply held by addresses with >100 BTC. Measures wealth concentration among large holders. A declining trend marks distribution toward smaller holders. | performance |
utxo-consolidation-ratioEXCLUSIVE | UTXO Set Growth Rate (7d) | EXCLUSIVE - 7-day percentage change in the UTXO set size. Positive = net fragmentation (more UTXOs created than consumed), negative = net consolidation. Inscription waves and fee-driven batching are directly visible. | performance |
realized-cap-utxo | Realized Cap (UTXO basis) | Total market value of all UTXOs priced at their last on-chain movement. The bedrock valuation metric - it cannot be manipulated by derivatives or paper markets. | pro |
mempool-size | Mempool Size | Count of unconfirmed transactions waiting in the memory pool. Congestion spikes reveal demand surges and directly drive fee estimation dynamics. | free |
fee-rate-median | Median Fee Rate (sat/vB) | Median feerate in sat/vB of confirmed transactions over the last 24 hours - congestion thermometer resistant to outliers. Below 5 sat/vB = light, above 50 = heavy demand for block space. | pro |
realized-profit-cohort | Realized Profit by Cohort (STH vs LTH) | Daily realized profit in USD split by holder cohort: Short-Term Holders (STH, <155d) vs Long-Term Holders (LTH, >155d). Reveals who is taking profit and when - a key cycle timing indicator. | pro |
nvt-signal | NVT Signal | Smoothed version of NVT Ratio using a 90-day moving average of transaction volume. Reduces noise and provides clearer overbought and oversold readings across market cycles. | pro |
taproot-spend-ratio | Taproot (P2TR) Share (%) | Percentage of daily outputs using Taproot (P2TR) script type, computed from 4 real full node script counters (P2PKH, P2SH, P2WPKH, P2TR). Direct measure of Taproot's market share in Bitcoin transactions. | pro |
witness-discount-utilizationEXCLUSIVE | SegWit+Taproot Share (%) | Percentage of daily outputs using SegWit (P2WPKH) or Taproot (P2TR) scripts, from real full node script counters. Tracks the overall adoption of modern Bitcoin transaction formats that reduce fees and enable new capabilities. | performance |
average-block-size | Average Block Size (bytes) | Daily average block size in bytes. Directly reflects on-chain data demand including inscriptions, OP_RETURN data, and transaction volume. Spikes correlate with Ordinals waves and congestion events. | pro |
active-address-momentum | Active Address Momentum | Z-score 90-day rolling on average daily active addresses - detects acceleration vs deceleration of network adoption. Distinct from `active-addresses` count chart (this measures cycle regime momentum, not raw count). | pro |
txcount-momentum | Tx Count Momentum | Z-score 90-day rolling on daily transaction count - detects regime shifts in network throughput. | pro |
transfer-volume-momentum-btc | Transfer Volume Momentum BTC | Z-score 90-day rolling on daily transfer volume in BTC - detects native flows acceleration vs deceleration regime shifts. | pro |
transfer-volume-momentum-usd | Transfer Volume Momentum USD | Z-score 90-day rolling on daily transfer volume in USD - detects economic flows acceleration vs deceleration regime shifts. | pro |
blocks-to-retarget | Blocks to Retarget | Number of blocks remaining before the next mining difficulty retarget - Bitcoin adjusts difficulty every 2016 blocks. | performance |
blocks-to-halving | Blocks to Halving | Number of blocks remaining before the next halving event - Bitcoin halves block subsidy every 210 000 blocks (~4 years). | performance |
difficulty-adjustment-history | Difficulty Adjustment History | Per-retarget percentage change of mining difficulty alongside cumulative ratio - visualizes hash rate response cycle by cycle. | pro |
address-activity-by-direction | Address Activity by Direction | Splits daily active addresses into three behaviours: receiving only, sending only, and bidirectional (both in the same day). The balance between receiving and sending addresses reveals the posture of the active network - a persistent receiving-over-sending skew has historically aligned with accumulation regimes, while a sending surge marks distribution or capitulation. Bidirectional activity tracks intermediaries and high-frequency churn (exchanges, consolidations). | pro |
difficulty-adjustment-estimator | Difficulty Adjustment Estimator | Daily estimate of the next difficulty adjustment, derived from the observed block pace of the current epoch against the 144 blocks per day target, plotted against the last adjustment actually applied. The estimate converges toward the actual value as the epoch completes. | pro |
Privacy
| Identifier | Name | Short description | Tier |
|---|---|---|---|
taproot-adoptionEXCLUSIVE | Taproot Output Count (P2TR) | EXCLUSIVE - Daily average count of P2TR (Taproot) outputs per block, from real full node script type indexing. Direct measure of Taproot adoption velocity - how many outputs are being created using Bitcoin's latest script type. | performance |
segwit-adoption-rateEXCLUSIVE | SegWit P2WPKH Output Count | EXCLUSIVE - Daily average count of P2WPKH (native SegWit) outputs created per block, from real full node script type indexing. Direct measure of native SegWit usage on-chain. | performance |
script-type-distributionEXCLUSIVE | Script Type Adoption | EXCLUSIVE - Daily share of Bitcoin outputs by script type (P2WPKH / P2PKH / P2SH / P2TR), normalized to 100 %. Stacked-area view of the network's technical modernization pace, from full node script type indexing. | performance |
address-reuse-rate | Address Reuse | Two complementary reuse lenses. The first is the share of active addresses that are reused (an address transacted before) - a behavioural gauge of on-chain privacy hygiene, structurally declining as wallets adopt fresh-address standards. The second is the share of circulating supply held in reused addresses - a proxy for custodial and exchange concentration, since institutional infrastructure tends to reuse deposit addresses. Diverging trends separate retail privacy behaviour from custodial structure. | pro |
Risk
| Identifier | Name | Short description | Tier |
|---|---|---|---|
reserve-risk | Reserve Risk | Compares the current market incentive to sell (price) against the conviction of long-term holders (HODL Bank). Low reserve risk marks strong conviction; high reserve risk marks weak conviction relative to price. | performance |
risk-adjusted-returnEXCLUSIVE | Risk-Adjusted Return | EXCLUSIVE - Calmar-like ratio: 1-year return divided by maximum drawdown over the same period. Maps periods where risk was well-compensated vs. periods of poor risk-reward structure. | performance |
lth-sth-sopr-ratio | LTH/STH SOPR Ratio | Ratio of Long-Term Holder SOPR to Short-Term Holder SOPR. When LTH are taking outsized profits relative to STH, the ratio spikes - marking distribution. When it drops below 0.37, it historically marks extreme capitulation zones. | pro |
volatility-percentileEXCLUSIVE | Volatility Percentile | EXCLUSIVE - Rolling 30-day realized volatility expressed as a historical percentile rank. Extreme low percentiles precede explosive moves; extreme highs mark panic peaks where volatility mean-reverts. | performance |
sharpe-ratio-rollingEXCLUSIVE | Rolling Sharpe Ratio | EXCLUSIVE - 365-day rolling Sharpe Ratio of Bitcoin returns, annualized. Identifies sustained periods of excellent risk-adjusted performance and the exhaustion phases that follow. | performance |
risk-reward-bandsEXCLUSIVE | MVRV Risk Score | EXCLUSIVE - MVRV percentile rank (0-100) measuring where Bitcoin's valuation stands relative to its full history. Near 0 = deepest value; near 100 = maximum overheating. | performance |
realized-price-risk-reward-4yEXCLUSIVE | Realized Price Risk/Reward 4Y | EXCLUSIVE - Risk/reward ratio from MVRV's position in its 4-year rolling distribution: the room left to the 4Y ceiling (reward) over the distance above the 4Y floor (risk). Spikes high at cycle troughs, collapses toward zero at cycle tops. | performance |
Supply & distribution
| Identifier | Name | Short description | Tier |
|---|---|---|---|
hodl-waves | HODL Waves | Bitcoin supply composition by holder age - percentage view reveals cohort migration and cycle psychology. | free |
rhodl-ratio | RHODL Ratio | Ratio of 1-week to 1-2 year realized value bands. Historically peaks near cycle tops when recent coins dominate realized value. | pro |
utxo-age-distribution | UTXO Age Distribution | Absolute volume of unspent transaction outputs by age bracket - BTC view reveals aggregate capital immobilization. | free |
sth-lth-supply | STH vs LTH Supply | Short-Term Holders (<155 days) versus Long-Term Holders supply. LTH accumulation historically precedes bull markets. | free |
supply-last-active | Supply Last Active | Tracks the percentage of supply last moved more than 1, 2, or 5+ years ago. Rising values indicate deep conviction holding. | pro |
liveliness | Liveliness | Ratio of cumulative coin-days destroyed to cumulative coin-days created. Falls during accumulation, rises during distribution. | pro |
thermocap | Thermocap | Cumulative security spend (all miner revenue ever). A fundamental floor model - market cap historically does not sustainably trade below Thermocap multiples. | pro |
revived-supply | Revived Supply | Volume of coins moving after being dormant for 1+ years. Spikes often coincide with major market events or distribution phases. | pro |
realized-cap-hodl-waves | Realized Cap HODL Waves | HODL Waves weighted by realized value instead of supply. Amplifies the economic significance of each age band. | pro |
illiquid-liquid-supply | Illiquid / Liquid Supply | Splits supply into illiquid (hodled or lost coins) and liquid (remainder). Rising illiquid supply marks strong accumulation. | pro |
supply-profit-loss | % Supply in Profit / Loss | Percentage of circulating supply held at a profit or loss based on realized price. Extreme profit = potential distribution; extreme loss = potential capitulation. | free |
supply-maturity-spectrum | Supply Maturity Spectrum | High-resolution view of supply aging across 15+ age bands. Reveals subtle shifts in holder behavior invisible in standard HODL Waves. | pro |
conviction-migration-mapEXCLUSIVE | Conviction Migration Map | EXCLUSIVE - Sankey diagram showing real BTC flows between 5 conviction levels (Speculative → Short-Term → Maturing → Veteran → Diamond) over the last 30 days. | performance |
supply-absorption-engineEXCLUSIVE | Supply Absorption Engine | EXCLUSIVE - Z-score oscillator measuring illiquid supply absorption relative to on-chain activity. Positive = healthy accumulation, negative = distribution. | performance |
elastic-profit-supplyEXCLUSIVE | Elastic Profit Supply | EXCLUSIVE - Measures actually liquid profit (not paper profit from dormant coins). Reveals real sell-side pressure potential. | performance |
supply-shock-momentumEXCLUSIVE | Supply Shock Momentum Oscillator | EXCLUSIVE - First derivative of the illiquid supply ratio, bounded as an oscillator. Detects supply shock acceleration/deceleration. | performance |
supply-1y-hodl | % Supply Held >1 Year | Percentage of circulating Bitcoin supply that has not moved in over 12 months. Rising values reflect strengthening long-term conviction and reduced available sell-side supply. | free |
coin-issuance-rate | Daily Coin Issuance Rate | Daily BTC newly issued through block subsidies, showing the inflation rate in real time. Halvings are immediately visible as step-changes in this curve. | free |
supply-concentration-hhiEXCLUSIVE | Supply Concentration (Herfindahl Index) | EXCLUSIVE - Herfindahl-Hirschman Index applied to Bitcoin address balances, measuring supply concentration among holders. A rising HHI marks whale accumulation; a falling HHI reflects broader distribution. | performance |
supply-by-protocol-type | Supply by Protocol Type | Stacked breakdown of all circulating BTC by script type (P2PK, P2PKH, P2SH, P2WPKH, P2WSH, P2TR). Reveals protocol adoption waves, SegWit migration, Taproot uptake, and the quantum-vulnerable P2PK supply from Bitcoin's earliest era. | pro |
wallet-waves-btc | Wallet Waves (BTC) | BTC supply decomposed across 6 wallet-size cohorts from shrimp under 1 BTC to humpback 10000 BTC and above. | free |
wallet-waves-pct | Wallet Waves (%) | Wallet-size cohort decomposition normalized as percentage of total BTC supply. | free |
wallet-netposchange-30d | Wallet Net Position Change 30d | Per-cohort supply delta on a rolling 30-day window, smoothed with a 7-day moving average. | pro |
wallet-netposchange-365d | Wallet Net Position Change 365d | Per-cohort supply delta over a rolling 365-day window for macro-cycle view. | pro |
wallet-absorption-rate-30d | Smart-Money Absorption Rate 30d | Whale + humpback (>1k BTC) net supply change over 30 days divided by new mining issuance - smart money flow indicator. | pro |
wallet-absorption-rate-365d | Smart-Money Absorption Rate 365d | Whale + humpback macro-cycle absorption ratio (365-day window vs yearly issuance) - smart money regime detector. | performance |
shrimp-crab-fish-30d | Small Holders Supply 30d | Retail cohort below 100 BTC per address, net supply change on 30-day window smoothed SMA7. | pro |
shrimp-crab-fish-90d | Small Holders Supply 90d | Retail cohort quarterly net supply change reveals quarter-over-quarter rotation patterns. | pro |
supply-older-1y-abs | Supply Older Than 1y (BTC) | BTC supply held in UTXOs older than 365 days - a long-term holder conviction gauge. | free |
supply-older-1y-pct | Supply Older Than 1y (%) | Fraction of total BTC supply held in UTXOs older than 365 days. | pro |
supply-age-breakdown | Supply Age Breakdown | 12-band hodl wave decomposition of BTC supply by UTXO age from under 1 day to over 10 years. | performance |
breakdown-lthsth-pnl-abs | LTH/STH PnL Breakdown (USD) | Supply in profit vs loss broken down by LTH and STH cohorts, expressed in USD. | pro |
breakdown-lthsth-pnl-pct | LTH/STH PnL Breakdown (%) | LTH and STH profit vs loss breakdown as percentage of current market capitalization. | pro |
breakdown-pnl-total | Total Realized PnL | Aggregated net realized profit minus loss across LTH and STH cohorts, in USD. | performance |
revived-supply-costvalue | Revived Supply Cost Value | Daily USD cost basis (at acquisition) of UTXOs spent - measures the original capital being released by reawakening coins. | pro |
revived-supply-realized | Revived Supply Realized | Daily USD realized value (at spend time) of revived UTXOs - captures the immediate market valuation when dormant coins move. | pro |
revived-supply-total | Revived Supply Total | Total daily BTC count revived from cohorts ≥ 1 year old - quantifies how much long-dormant supply rejoins circulation. | pro |
revived-age-dominance | Revived Age Dominance | Supply share by age band - reveals which holder cohorts dominate the dormant supply pool, from short-term traders to long-term hodlers. | free |
revived-supply-loss | Revived Supply Loss | Daily USD loss realized by revived cohorts ≥ 1 year - captures capitulation pressure from late-comers selling at a loss. | pro |
revived-supply-profit | Revived Supply Profit | Daily USD profit realized by revived cohorts ≥ 1 year - measures distribution pressure from long-term holders cashing in during euphoria. | pro |
revived-age-byyear-btc | Revived Age by Vintage Year (BTC) | Stacked BTC supply by year-of-birth cohort - visualises how each vintage class (2009 to today) contributes to the circulating supply over time. | pro |
revived-age-byyear-usd | Revived Age by Vintage Year (USD) | Stacked USD valuation by year-of-birth cohort - amplifies the impact of each vintage class on total network valuation through bull markets. | pro |
revived-year-costvalue | Revived Year Cost Value | Snapshot realized cap per representative vintage cohort (Silk Road era / ICO peak / post-ETF) - tracks the live cost basis held by each generation. | performance |
revived-year-loss | Revived Year Loss | Cumulative realized loss per representative vintage cohort - exposes which generations bore the heaviest capitulation across cycles. | performance |
revived-year-profit | Revived Year Profit | Cumulative realized profit per representative vintage cohort - reveals which generations harvested the largest gains across bull markets. | performance |
revived-year-realized | Revived Year Realized PnL | Cumulative net realized PnL per representative vintage cohort (profit minus loss) - surfaces structural winners and losers across BTC cycles. | performance |
smart-money-supply-rotationEXCLUSIVE | Smart Money Supply Rotation | EXCLUSIVE - Supply held by Smart Money versus Tourist cohorts over time (level view, default): the two lines cross as supply rotates between strong and weak hands. Toggle to the net 1-month rotation oscillator (smart minus tourist flow) - strongly positive = rotation toward strong hands near bottoms, negative = toward weak hands near tops. | performance |
Technical indicators
| Identifier | Name | Short description | Tier |
|---|---|---|---|
pi-cycle-top | Pi Cycle Top Indicator | Crossover of the 111-day MA and double the 350-day MA. Historically marks major cycle tops within days of the actual peak - one of the most cited on-chain cycle timing tools. | free |
mayer-multiple | Mayer Multiple | Bitcoin's current price divided by its 200-day moving average. A reading above 2.4 has historically marked overheating; below 1.0 marks deeply undervalued accumulation zones. | free |
power-law-corridor | Power Law Corridor | Long-term price model based on the observation that Bitcoin's price follows a power law relative to time since genesis. The corridor's upper and lower bounds define historical support and resistance ranges. | pro |
200-week-ma-heatmap | 200-Week MA Heatmap | Bitcoin price colored by percentage above or below its 200-week moving average. Bright red zones have historically marked exhaustion tops; deep blue zones mark historically significant accumulation zones. | pro |
golden-ratio-multiplier | Golden Ratio Multiplier | Set of price multiples (1.6×, 2×, 3×, 5×, 8×, 13×, 21×) applied to the 350-day MA, mapping Fibonacci-based resistance and cycle-top zones across Bitcoin's growth trajectory. | pro |
puell-mayer-crossEXCLUSIVE | Puell-Mayer Cross | EXCLUSIVE - Combined indicator that activates when both the Puell Multiple and Mayer Multiple enter their historically overvalued or undervalued zones simultaneously. Dual confirmation reduces false positives. | performance |
bitcoin-rainbow | Bitcoin Rainbow Chart | Logarithmic regression bands colored into nine valuation zones from 'Extreme Discount' to 'Extreme Overvaluation'. An accessible long-term perspective on where price sits relative to its historical trend. | free |
logarithmic-regression | Log Regression Deviation | Z-score measuring how far Bitcoin's price deviates from its best-fit logarithmic growth curve. Positive = above trend, negative = below. Statistical extremes have marked every cycle top and bottom. | pro |
4-year-cycle-overlayEXCLUSIVE | 4-Year Cycle Overlay | EXCLUSIVE - All past Bitcoin cycles aligned and overlaid from halving to halving, enabling direct visual comparison of current price trajectory vs. historical cycle analogs. | performance |
halving-cycle-roiEXCLUSIVE | Halving Cycle ROI | EXCLUSIVE - Return on investment measured from each halving date to the next cycle peak, with current cycle progress highlighted. Contextualizes where we are in the return potential curve. | performance |
difficulty-price-modelEXCLUSIVE | Difficulty-Price Ratio | EXCLUSIVE - Ratio of Bitcoin's price to the cube root of mining difficulty. Measures how much speculative premium price carries above the implied difficulty-derived fair value. High ratios mark overvaluation, low ratios mark accumulation zones. | performance |
realized-price-bandsEXCLUSIVE | Realized Price Bands | EXCLUSIVE - Three dynamic support/resistance levels: Global Realized Price, STH cost basis, and LTH cost basis. All from native full-node data, updated daily. | performance |
s2f-cross-asset | S2F Cross-Asset Model | PlanB's Stock-to-Flow cross-asset model mapping Bitcoin alongside gold, silver, and real estate on a log-log regression. Visualizes Bitcoin's scarcity premium relative to traditional store-of-value assets. | free |
s2f-rainbow | S2F Rainbow | Stock-to-Flow model with color-coded deviation bands indicating whether Bitcoin is extremely overvalued, fairly valued, or at an extreme discount relative to its scarcity-based fair value. | free |
s2f-bands | S2F Bands | Stock-to-Flow model with standard deviation bands (±1σ, ±2σ) showing the statistical distribution of price around the S2F regression line. Identifies extreme deviations from the model. | pro |
s2f-power-law-average | S2F Power Law Average | Hybrid model combining Stock-to-Flow scarcity pricing with power-law time regression. Smooths out S2F volatility by averaging the two approaches for a more robust long-term price corridor. | pro |
cycle-repeat-1458d | Halving Cycle Performance | Overlays all Bitcoin halving cycles aligned on Day 0 (halving date), showing normalized performance (%) since each halving. Epochs are derived dynamically from the 210,000-block protocol rule - future cycles auto-appear. | free |
cycle-low-multiple | Cycle Low Multiple | Ratio of current price to each cycle's lowest point. Tracks how far Bitcoin has risen from the cycle bottom, providing context for where we are in the current expansion phase. | pro |
bull-market-compare | Bull Market Compare | Side-by-side comparison of all Bitcoin bull runs from their respective cycle lows (bear market bottoms), normalized to percentage gain. Day 0 = cycle trough. See how the current rally stacks up against 2013, 2017, and 2021. | pro |
reward-era-compare | Reward Era Compare | Bitcoin price performance segmented by mining reward era (50 BTC, 25 BTC, 12.5 BTC, 6.25 BTC, 3.125 BTC). Each era overlaid to reveal how diminishing issuance impacts cycle dynamics. | pro |
price-drawdown-from-ath | Price Drawdown from ATH | Measures how far the current BTC price is from its all-time high. A value of 0 means price is at ATH; -0.50 means price is 50% below ATH. Essential for understanding cycle positioning and identifying accumulation zones during deep corrections. | free |
adoption-power-law | Adoption Power Law | Bitcoin address growth follows a cubic power law (N ∝ t³), consistent with epidemic spreading on scale-free networks. Derived from Santostasi & Perrenod (2026). | pro |
metcalfe-fair-value | Metcalfe Fair Value | Network-derived fair value using generalised Metcalfe scaling (P ∝ N¹·⁸⁴). Sub-quadratic exponent reflects decreasing marginal value of new connections. Santostasi & Perrenod (2026). | pro |
dca-returns-multi-tf | DCA Returns (Multi-Timeframe) | Cumulative ROI of a monthly Dollar Cost Averaging on Bitcoin across 1y / 3y / 5y horizons. Displays the price-agnostic value of disciplined retail accumulation. | free |
dca-cagr-rolling | DCA CAGR Rolling | Compound Annual Growth Rate of a monthly DCA across 2y / 5y / 8y windows. CAGR is the standard finance metric to compare investment performance on horizons of two years or more. | pro |
dca-stacked-btc | DCA Stacked BTC | Total BTC accumulated by a monthly Dollar Cost Averaging on horizons of 1y / 3y / 8y. Answers the practical retail question: 'how many sats did consistent buying earn me?'. | pro |
pain-index | Pain Index | Composite share of supply held in unrealised loss, weighted by drawdown magnitude. High readings characterise capitulation phases and bear-market troughs; low readings characterise euphoric profit regimes. | pro |
pain-index-sth | Pain Index STH | Pain Index restricted to Short-Term Holders (less than six months of holding). Captures short-horizon capitulation - fast hands giving up first during corrections. | pro |
pain-index-lth | Pain Index LTH | Pain Index restricted to Long-Term Holders (more than two years of holding). When this metric spikes it marks major capitulation across the OG holder cohort - historically a rare and high-information event. | performance |
greed-index | Greed Index (On-Chain) | Composite share of supply held in unrealised profit, weighted by gain magnitude. High readings characterise euphoric phases near cycle tops; low readings characterise capitulation troughs. Distinct from the multi-source Fear & Greed composite - fully on-chain. | free |
invested-capital-in-profit | Invested Capital in Profit | Absolute USD amount of capital sitting in unrealised profit. Tracks the dollar size of latent gains across all holders - the larger the figure, the heavier the take-profit pressure if sentiment turns. | pro |
invested-capital-in-loss | Invested Capital in Loss | Absolute USD amount of capital sitting in unrealised loss. Tracks the dollar size of latent losses across all holders - the larger the figure, the heavier the capitulation potential. | pro |
rolling-btc-returns | Rolling BTC Returns | Rolling multi-window raw return (90 days / 365 days / 30 days) of Bitcoin price. Helps separate short, medium and long horizons of performance for portfolio comparison. | performance |
p2pkh-decline-curve | P2PKH Decline Curve | Long-term decline curve of the P2PKH output share as P2SH, SegWit, and Taproot formats progressively replace the original Satoshi 2009 script type. | performance |
p2sh-adoption | P2SH Adoption | Output share of Pay-to-Script-Hash format introduced by BIP16 (April 2012). Includes multisig, Lightning channel funding, and P2SH-wrapped SegWit envelopes. | pro |
p2wpkh-adoption | P2WPKH Adoption | Output share of native SegWit single-signature format (BIP141, August 2017). Standard for modern wallets thanks to the witness fee discount. | pro |
p2wsh-adoption | P2WSH Adoption | Output share of native SegWit multisig format (BIP141). Specialised use cases: institutional custody and modern Lightning channels. | performance |
p2tr-growth-rate | P2TR Growth Rate | 30-day change (in percentage points) of the P2TR output share - bounded adoption momentum of Taproot since the BIP340-342 activation (November 2021). Measures how fast the Taproot output share is gaining ground. | pro |
taproot-supply-share | Taproot Supply Share | Share of total BTC supply held in P2TR UTXOs, smoothed over 30 days for macro trajectory clarity. Differs from the raw supply ratio by surfacing trend over short-term noise. | pro |
taproot-realized-cap-share | Taproot Realized Cap Share | Share of total realized cap stored in P2TR UTXOs. Capital cost-basis view of Taproot adoption - recent purchases at higher prices weight this faster than the supply share. | performance |
op-return-share-trend | OP_RETURN Share Trend | Output share of OP_RETURN data carriers, smoothed monthly. Tracks the regime shift triggered by Ordinals inscriptions (January 2023) and subsequent data-protocol activity. | free |
op-return-value-sum | OP_RETURN Cumulative Value | Cumulative BTC value locked in OP_RETURN data carriers since 2014. Monotonic absolute series - the Ordinals regime (January 2023) marks the largest acceleration on record. | pro |
segwit-native-adoption | SegWit-Native Adoption | Combined output share of all SegWit-native witness formats (P2WPKH + P2WSH + P2TR). Aggregate adoption of witness-based outputs since BIP141 (2017) and BIP341 Taproot (2021), measured at the output level. | performance |
epoch-supply-breakdown | Epoch Supply Breakdown | BTC supply decomposed across the five halving eras (50 / 25 / 12.5 / 6.25 / 3.125 BTC). Each era's cohort accumulates supply from its block subsidy and is held independently - the stacked layers visualise the structural age of total circulating BTC. | free |
epoch-mvrv-comparison | Epoch MVRV Comparison | MVRV ratio overlaid for each halving era - five lines that let you compare valuation regimes between cycles. Each era's MVRV reflects only the supply minted under that block subsidy schedule. | pro |
epoch-sopr-comparison | Epoch SOPR Comparison | 24h SOPR overlaid for each halving era - five lines comparing realized profit-loss patterns across cycles. SOPR = 1 marks the break-even line; eras above 1 are net realising profit, eras below 1 are net realising losses. | pro |
class-2016-hodlers | Class 2016 Hodlers | UTXOs born in 2016 - early-adopter cohort tracked across two dimensions: supply held (BTC, left axis) and realized cap (USD cost basis, right axis). A reference baseline for measuring conviction across multi-cycle holders. Class 2016 dominance over total supply is visible as a layer on the Birth-Year Supply multi-layer chart. | performance |
class-2017-bull-cohort | Class 2017 Bull Cohort | UTXOs born in 2017 - the first historic bull-market cohort, tracked across two dimensions: supply held (BTC, left axis) and realized cap (USD cost basis, right axis). Reveals the multi-cycle journey of holders who entered during a parabolic run. Cumulative realized P&L derivable from realized_cap dynamics. | pro |
class-2021-bull-cohort | Class 2021 Bull Cohort | UTXOs born in 2021 - the most recent bull-market cohort, tracked via supply held (BTC) and realized cap (USD cost basis). Younger cohort means thinner secondary statistics - the contract intentionally limits exposure to the two robust dimensions. | pro |
class-birthyear-supply | Class Birth-Year Supply | BTC supply decomposed across all birth-year cohorts (from genesis 2009 to current year, auto-extending) - the structural age view of the entire circulating supply. Each layer represents UTXOs minted that year that have not yet been spent. | performance |
class-birthyear-realized-cap | Class Birth-Year Realized Cap | Realized cap decomposed across all birth-year cohorts (from genesis 2009 to current year, auto-extending) - the cost-basis view of the entire circulating supply. Each layer aggregates the USD value at which the cohort's UTXOs were last moved. | performance |
epoch-rarity-meter | Cycle Rarity Meter | Composite multi-factor on-chain score measuring how rare the current cycle state is versus the full historical distribution. Empirical percentile bands (p01 / p05 / p95 / p99) frame the central score, marking ultra-rare and extreme zones. | performance |
Transactions
| Identifier | Name | Short description | Tier |
|---|---|---|---|
cdd | Coin Days Destroyed (CDD) | Sum of coin-age destroyed when coins move. A spike means old coins are waking up - historically significant at cycle turning points. | free |
binary-cdd | Binary CDD | Binary indicator: 1 when daily CDD exceeds its long-term average, 0 otherwise. Smooths CDD into a clean regime indicator - sustained 1s indicate distribution. | free |
supply-adjusted-cdd | Supply-Adjusted CDD | CDD normalized by circulating supply, removing the natural growth bias. Enables meaningful cross-cycle comparison of destruction intensity. | pro |
dormancy-flow | Dormancy Flow | Market cap divided by annualized dormancy value (CDD in USD). When Dormancy Flow drops below key thresholds, it has historically identified historically significant accumulation zones. | pro |
entity-adjusted-tx-count | Entity-Adjusted TX Count | Transaction count with self-transfers and change outputs filtered out, estimating genuine economic transactions. A more honest measure of network usage. | free |
transfer-volume | Transfer Volume | Total BTC value transferred on-chain per day, segmented by transaction size. Whale transfers (>1000 BTC) often precede significant price moves. | free |
velocity | Velocity | Ratio of daily transaction volume to circulating supply - how quickly coins change hands. Declining velocity in a bull market suggests accumulation, not apathy. | free |
asol | Active Supply Ratio (ASOL proxy) | Ratio of Active Cap to Market Cap - measures the share of market capitalisation attributable to economically active (recently moved) supply. A rising ratio marks network re-activation. | pro |
msol | MSOL - STH Spent Output Age | Average lifespan of UTXOs spent by Short-Term Holders (coins younger than 155 days). Typical range 1-6 days. Paired with the LTH Spent Output Age, the STH/LTH split provides a cohort-level view of on-chain activity freshness. | pro |
mean-dollar-invested-age | LTH Spent Output Age | Average age of outputs spent by long-term holders (>155 days). When this metric spikes, veteran holders are moving old coins - a key distribution indicator at cycle peaks. | pro |
dormancy-regime-divergenceEXCLUSIVE | Dormancy Regime Divergence | EXCLUSIVE - Detects divergences between network activity metrics and price action. When the network sleeps while price rises (or vice versa), regime shifts follow. | performance |
active-addresses | Active Addresses | Number of unique Bitcoin addresses involved in at least one on-chain transaction during a given day - whether as sender or recipient. A fundamental indicator of network health and usage levels. | free |
new-addresses | New Addresses | Count of addresses appearing on-chain for the first time each day. A leading indicator of new user onboarding and network growth momentum. | free |
Valuation
| Identifier | Name | Short description | Tier |
|---|---|---|---|
mvrv-classic | MVRV Classic | Market Value to Realized Value ratio. Above 3.7 has historically coincided with cycle tops; below 1.0 with generational bottoms. | free |
mvrv-sth | MVRV Short-Term Holders | MVRV for coins held <155 days. Values above 1.0 mean STH are in aggregate profit; sharp drops below 1.0 indicate local capitulation. | pro |
mvrv-lth | MVRV Long-Term Holders | MVRV for coins held >155 days. LTH profit levels above 3.5x have historically preceded major distribution events. | pro |
mvrv-z-score | MVRV Z-Score | Standardized MVRV using standard deviation bands. Historically enters the red zone (>7) at cycle peaks and green zone (<-0.5) at bottoms. | free |
nupl-classic | NUPL Classic | Net Unrealized Profit/Loss. Maps the market's aggregate emotional state: euphoria (>0.75), belief, optimism, anxiety, capitulation (<0). | free |
nupl-cohort | NUPL by Age Cohort | Net Unrealized Profit/Loss broken down by holder cohort (STH and LTH). Reveals the divergent profit states of recent buyers versus long-term holders at any point in the cycle. | pro |
sopr-classic | SOPR Classic | Spent Output Profit Ratio. Above 1.0 = coins moved at a profit; below 1.0 = coins moved at a loss. The 1.0 line acts as support in bulls, resistance in bears. | free |
sopr-adjusted | aSOPR (Adjusted SOPR) | 7-day moving average of SOPR, smoothing out noisy short-term exchange movements. Provides a cleaner reading for identifying profit-taking and capitulation events. | pro |
sopr-sth | SOPR Short-Term Holders | Spent Output Profit Ratio restricted to coins held less than 155 days. When STH-SOPR drops below 1.0, recent buyers are capitulating - historically a local-bottom indicator. | pro |
sopr-lth | SOPR Long-Term Holders | Spent Output Profit Ratio for coins held over 155 days. LTH-SOPR spikes at cycle tops reveal long-term holders taking multi-year profits into market strength. | pro |
nvt-ratio | NVT Ratio | Network Value to Transactions ratio - Bitcoin's P/E equivalent. High NVT suggests the network is overvalued relative to its transaction throughput. | free |
sopr-z-score | SOPR Z-Score | Standardized SOPR using rolling Z-score normalization. Statistical extremes above +2 or below -2 identify overbought and oversold conditions with greater precision than raw SOPR thresholds. | pro |
realized-price-global | Realized Price | The average price at which all coins last moved. Acts as the aggregate cost basis of the market - a key psychological and on-chain support level. | free |
realized-price-sth | Realized Price - Short-Term Holders | Average acquisition price of all coins held less than 155 days. The STH cost basis acts as a key dynamic support level - price bouncing off it marks bull market continuations; breaking below triggers STH capitulation. | pro |
realized-price-lth | Realized Price - Long-Term Holders | Average acquisition price of all coins held over 155 days. The LTH cost basis represents deep structural support - the price rarely sustains below this level for long. | pro |
realized-price-cohortEXCLUSIVE | Realized Price by Age Cohort | EXCLUSIVE - Compares the realized price (average cost basis) of Short-Term Holders (<155 days) versus Long-Term Holders (>155 days) with BTC spot price overlay. Reveals the divergent cost-basis dynamics between recent buyers and seasoned holders. | performance |
urpd | URPD - Realized Price vs Spot Price | Realized price (aggregate cost basis) compared to spot price over time. When spot price is below realized price, the average holder is at a loss - historically a key accumulation zone indicator. | pro |
cvdd | CVDD - Cumulative Value Days Destroyed | Market cap divided by cumulative sum of value-days destroyed, producing a long-run floor price model. Historically, Bitcoin price has rarely sustained below CVDD - it marks historically significant accumulation zones. | pro |
terminal-price | Terminal Price | A long-term price ceiling model: 21 × Transferred Price, where Transferred Price aggregates all value-days destroyed over Bitcoin's lifetime. Historically has served as a reliable resistance ceiling at prior cycle peaks. | pro |
balanced-price | Balanced Price | Fair value price derived from the difference between the realized price and the transferred price (Realized Price - Transferred Price). Acts as a structural equilibrium level - price tends to oscillate around balanced price during accumulation phases. | pro |
delta-price | Delta Price | Defined as (Realized Cap - Average Cap) / Supply, where Average Cap is the cumulative mean of all daily market caps. Delta Price has historically served as the absolute low during bear markets and is considered one of the strongest bottom models. | pro |
top-cap | Top Cap Price | Per-coin price derived from the average cap multiplied by 35, creating a historically validated ceiling model. Price touching Top Cap Price has coincided with every major cycle peak to date. | pro |
investor-cap | Investor Cap | Realized cap minus thermocap (miner revenue). Represents the cumulative capital invested by non-miner market participants. The AVIV ratio uses investor cap as its denominator. | pro |
stock-to-flow | Stock-to-Flow Ratio | Models Bitcoin's scarcity by comparing existing supply (stock) to annual production (flow). Each halving doubles the S2F ratio. | free |
cost-basis-defense-scoreEXCLUSIVE | Cost Basis Defense Score | EXCLUSIVE - Probability that current price will hold based on the density of realized prices around it. Thick support = high defense score. | performance |
realized-loss-totalEXCLUSIVE | Realized Loss (USD/day) | EXCLUSIVE - Total realized loss in USD per day: the aggregate value lost by all sellers who moved coins below their cost basis. Spikes indicate capitulation events - sellers giving up at a loss. Key bottom-detection metric. | performance |
realized-profit-total | Realized Profit (USD/day) | Total realized profit in USD per day: the aggregate value gained by all sellers who moved coins above their cost basis. Spikes indicate local exhaustion - heavy profit-taking that caps price rallies. Key top-detection and momentum metric. | pro |
urpd-cohort-sth | URPD STH | UTXO Realized Price Distribution filtered on Short-Term Holders (<155 days), showing hot money supply per price bucket. | pro |
urpd-cohort-lth | URPD LTH | UTXO Realized Price Distribution filtered on Long-Term Holders (>155 days), exposing conviction supply per price bucket. | pro |
urpd-realized-value | URPD Realized Value | Realized Value per price bucket (cost basis multiplied by supply), expressing the distribution in USD rather than BTC. | performance |
urpd-realized-cohort-lth-sth | URPD Realized Value per Cohort | Realized Value stacked by STH and LTH cohorts at the same price buckets, revealing rotation of cost basis between short and long-term holders. | performance |
urpd-unrealized-pnl | URPD Unrealized PnL | Unrealized Profit and Loss per price bucket: signed mass of supply in profit versus underwater at current spot. | pro |
urpd-unrealized-cohort | URPD Unrealized PnL per Cohort | Unrealized PnL stacked by STH and LTH cohorts, exposing whether the distribution of profit or loss concentrates on hot money or conviction holders. | performance |
key-cost-basis-originals | Key Cost Basis Levels | BTC price overlaid with three major cost basis markers (Realized Price global + STH + LTH) to reveal psychological supports and resistances on-chain. | free |
urpd-diff-30d | URPD Diff 30d | Delta of URPD supply over a 30-day rolling window per price bucket, exposing which levels see active accumulation versus distribution. | pro |
urpd-heatmap-supply | URPD Heatmap Supply | Two-dimensional heatmap of time by price bucket, intensity encoding absolute supply at each level across history. | performance |
urpd-heatmap-diff-30d | URPD Heatmap Diff 30d | Two-dimensional heatmap of 30-day supply delta per price bucket with a diverging red/green palette - persistent green bands flag multi-week accumulation zones. | performance |
cost-basis-distribution-cohort | Cost Basis Distribution per Cohort | Distribution of cost basis stratified across age cohorts (UTXO age bands), revealing which segment holds at which price level. | pro |
cost-basis-distribution-heatmap | Cost Basis Distribution Heatmap | Two-dimensional heatmap of time by cost basis bucket, intensity encoding aggregated realized value - exposes persistent clusters of cost basis across cycles. | performance |
mvrv-gradient-30d | MVRV Gradient 30D | Time derivative of MVRV over a rolling 30-day window - short-term action indication capturing accelerations and decelerations of the valuation ratio. | pro |
mvrv-gradient-90d | MVRV Gradient 90D | Time derivative of MVRV over a rolling 90-day window - quarterly swing trading indication capturing mid-horizon valuation shifts. | pro |
mvrv-gradient-180d | MVRV Gradient 180D | Time derivative of MVRV over a rolling 180-day window - mid-cycle macro reading smoothing tactical noise to reveal structural valuation shifts. | performance |
mvrv-gradient-360d | MVRV Gradient 360D | Time derivative of MVRV over a rolling 360-day window - macro annual trend reading capturing multi-quarter valuation regime shifts. | performance |
mvrv-momentum | MVRV Momentum | MVRV deviation from its 365-day exponential moving average - complementary reading to gradient (gradient measures speed, momentum measures position relative to trend). | pro |
sth-mvrv-zscore | STH-MVRV Z-Score (2Y rolling) | Z-score of STH-MVRV with a 2-year rolling window - statistical overheat or undervaluation reading for the Short-Term Holder cohort (<155 days). Distinct from mvrv-z-score (expanding global). | pro |
lth-mvrv-zscore | LTH-MVRV Z-Score (2Y rolling) | Z-score of LTH-MVRV with a 2-year rolling window - statistical stress reading for the Long-Term Holder cohort (>155 days). Sister to sth-mvrv-zscore for the conviction segment. | pro |
sth-mvrv-bollinger | STH-MVRV Bollinger Bands | STH-MVRV with Bollinger bands ±2σ rolling 20 days - tactical entry/exit indications based on statistical envelope breakouts. Industry-standard volatility-adjusted thresholds. | pro |
trinity-urpd-cycle-awareEXCLUSIVE | Trinity URPD Cycle-Aware | Trinity proprietary model - URPD distribution with cycle-phase color encoding and auto-detected significant clusters. | performance |
sopr-bands-stdev | SOPR ±σ Bands | Spent Output Profit Ratio framed by ±0.5/1.0/1.5 standard-deviation bands built from the full historical distribution. The shaded envelopes flag statistically extreme profit-taking or capitulation versus the all-time norm. | pro |
sopr-7d-ema | SOPR 7-Day EMA | Spent Output Profit Ratio smoothed with a 7-day exponential moving average. Exponential weighting reacts faster to weekly regime inflections than a simple moving average while filtering daily noise around the 1.0 break-even line. | pro |
histogram-sopr-bullbear | SOPR vs MVRV Regime | Spent Output Profit Ratio read jointly against the MVRV valuation regime on a dual axis. SOPR above 1 inside a high-MVRV regime marks euphoric distribution; below 1 inside low MVRV marks capitulation. | performance |
consecutivedays-sopr-above1 | Consecutive Days SOPR > 1 | Count of consecutive days the Spent Output Profit Ratio has stayed above 1.0 since the last cross. Long streaks indicate prolonged aggregate profit realization typical of sustained expansions; the counter resets when SOPR dips below break-even. | pro |
consecutivedays-sopr-below1 | Consecutive Days SOPR < 1 | Count of consecutive days the Spent Output Profit Ratio has stayed below 1.0 since the last cross. Extended streaks mark prolonged loss realization typical of capitulation phases; the counter resets when SOPR reclaims break-even. | pro |
sopr-timeframe-4views | SOPR Multi-Horizon | Spent Output Profit Ratio rendered across four horizons (24h raw, 1-week, 1-month EMA, 1-year EMA) in a single overlay. Reading short and long horizons together separates transient noise from durable regime shifts around break-even. | performance |
histogram-mvrv-aviv | MVRV × AVIV Joint | MVRV and AVIV valuation ratios read jointly on a dual axis. Convergence confirms a consistent valuation regime; divergence flags a state where realised-value and active-value readings disagree. | performance |
realized-price-mvrv-bands | Realized Price ±σ Bands | Realized Price framed by ±0.5/1.0/1.5/2.0 fair-value bands whose width scales with the historical volatility of market valuation. The shaded envelopes mark statistically rich and cheap zones around the aggregate cost basis. | pro |
realized-price-percentiles | Realized Price Percentiles | Realized Price framed by five rolling historical percentiles (p5/p25/p50/p75/p95) over a two-year window. The percentile envelope shows where the current cost basis sits within its own recent statistical distribution. | pro |
realized-price-rolling-1y | Realized Price Rolling 1Y | Realized Price smoothed with a one-year rolling mean. The annual smoothing strips short-term oscillation to expose the calm macro trajectory of the aggregate cost basis across a market cycle. | performance |
realized-price-rolling-2y | Realized Price Rolling 2Y | Realized Price smoothed with a two-year rolling mean. The ultra-long smoothing reveals the slow structural drift of the aggregate cost basis, a baseline that historically acts as deep cycle support. | performance |
urpd-diff-90d | URPD Δ 90 Days | Change in the UTXO Realized Price Distribution over a 90-day window, per price bucket. Positive bars mark supply accumulated at that level over the quarter; negative bars mark distribution, revealing where conviction is building or fading. | pro |
urpd-diff-180d | URPD Δ 180 Days | Change in the UTXO Realized Price Distribution over a 180-day window, per price bucket. The semi-cycle horizon highlights durable shifts in where supply concentrates, beyond shorter-term quarterly churn. | performance |
urpd-diff-365d | URPD Δ 365 Days | Change in the UTXO Realized Price Distribution over a 365-day window, per price bucket. The cycle-long horizon exposes structural redistribution of supply; readings spanning a halving include a mechanical issuance break and should be read with care. | performance |
cohort-hodl-strength-150d | Cohort HODL Strength (150D) | Percent of each halving-epoch cohort's Bitcoin supply still unspent, aligned on days since onboarding - a cross-cycle survival view of holder conviction. | free |
cohort-hodl-window-sensitivity | Cohort Window Sensitivity | Cohort survival across adjustable onboarding windows (30 to 365 days) - test how sensitive the holder-conviction curve is to the accumulation window chosen. | pro |
cohort-decay-rate-per-cycle | Cohort Decay Rate per Cycle | Daily spend velocity of each cohort - the rate at which a halving-epoch cohort's coins leave their original hands, revealing distribution tempo across cycles. | performance |
trinity-cohort-conviction-indexEXCLUSIVE | Trinity Cohort Conviction Index | Trinity Cohort Conviction Index - a proprietary 0-100 score ranking each halving-epoch cohort by holder conviction. Trinity exclusive model. | performance |
cost-basis-distribution | Cost Basis Distribution | The full distribution of the supply's cost basis at each date, drawn as percentile bands from the floor where most holders sit to the ceiling of the most expensive coins. Toggle BTC-weighted (each coin equal) or USD-weighted (each dollar of realized value equal). When spot touches the median band, half the market is underwater. | pro |
smart-money-cost-basis-bandsEXCLUSIVE | Smart Money vs Tourist Cost Basis | EXCLUSIVE - Plots BTC spot price against the average cost basis of Smart Money holders (who entered below the market's time-weighted average cost) and Tourist holders (who entered above it). Two cost-basis defense lines reveal where stronger and later hands sit relative to price. | performance |
tourist-capitulation-trackerEXCLUSIVE | Tourist Capitulation Tracker | EXCLUSIVE - Compares the spent-output profit ratio of Tourist holders (high cost basis, weak hands) against Smart Money holders. When tourists spend deep below 1.0 they are realizing losses - isolating the weak-hand capitulation that aggregate ratios blur. | performance |
smart-tourist-mvrv-divergenceEXCLUSIVE | Smart / Tourist MVRV Divergence | EXCLUSIVE - A signed oscillator equal to the gap between Smart Money MVRV and Tourist MVRV. A wide gap marks maximum retail stress (tourists underwater while smart money holds profit) near cycle lows ; a narrow or negative gap marks shared euphoria near cycle highs. | performance |
tourist-pain-indexEXCLUSIVE | Tourist Pain Index | EXCLUSIVE - Aggregate net unrealized profit and loss of Tourist holders in US dollars. It measures the depth of latent pain carried by late buyers ; the deepest troughs of unrealized loss have historically coincided with cycle bottoms, while a return above zero shows tourists moving back into profit. | performance |
supply-floor-ceiling | Supply Floor & Ceiling | Spot price framed inside the acquisition-price distribution of circulating supply. Four floor levels drawn from the body of the distribution and four ceilings drawn from its upper tail turn the market's own cost structure into a readable corridor, with price travelling inside. Historically the price has come down to touch its deepest floor at cycle lows and pressed against the ceiling in distribution phases. | pro |
supply-distribution-positionEXCLUSIVE | Position in Supply Distribution | Where spot price sits inside the acquisition-price distribution of supply, on a 0 to 100 scale. A reading near 0 places price at the bottom of the market's cost structure, near 100 at its top. The normalization is proprietary to Trinity: it makes readings comparable across cycles whose price levels have nothing in common. | performance |
supply-floor-by-cohort | Supply Floor by Cohort | The acquisition floor split between long-term and short-term holders. The short-term floor tracks the live pain threshold of recent buyers, the long-term floor the structural base built by holders who sat through previous cycles. The gap between the two widens in late expansion and compresses after capitulation. | pro |
Institutional disclaimer
Trinity Insights is an educational and analytical tool. The metrics listed do 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.