Vaultedness
Complement of Liveliness - measures the proportion of cointime being stored (vaulted) rather than destroyed. High vaultedness = strong accumulation regime.
What is it?
Vaultedness is mathematically 1 - Liveliness. If Liveliness measures network activity, Vaultedness measures its dormancy. The perspective choice is semantic but impactful: rising Vaultedness is 'the network is accumulating conviction' rather than 'the network is losing activity.' The Cointime framework prefers this positive perspective on dormancy. When Vaultedness rises, holders choose NOT to spend - an indication of conviction.
How to read
Vaultedness oscillates between 0 and 1 (practically between 0.35 and 0.50 in recent years). High values indicate a network in 'vault' mode - more cointime is being stored than destroyed. Low values (~0.35) indicate an active network where the majority of historical cointime has been 'consumed' by coin movements. The trend is linked to the ratio between immobile old coins and actively circulating coins.
Key zones
Inversions of Vaultedness derivative (shift from rise to decline) are the primary indicator. Sustained rising Vaultedness indicates growing accumulation. Stabilised regimes around 0.35-0.40 (since the massive network activation post-2020) reflect that ~35-40% of total cointime created since genesis remains 'vaulted' (not destroyed).
What to observe
Vaultedness derivative (its rate of change) is more informative than its level. A sudden 'un-vaulting' (Vaultedness dropping sharply) marks a massive awakening of dormant coins.
Historical context
Vaultedness was close to 1.0 in Bitcoin's early years (very few coins moved). It gradually declined as the network became more active, reaching levels of ~0.36-0.40 since 2020. Short-term variations reflect accumulation phases (Vaultedness rises) and distribution phases (Vaultedness falls).
Expert notes
Vaultedness is the bridge between Liveliness (classic analysis) and the Cointime framework. If you master Liveliness, Vaultedness adds no new information - it is the same reading inverted. Its interest is contextual within the Cointime framework.
Common mistakes to avoid
Rising Vaultedness does not automatically mean 'bullish.' It can reflect an apathetic market where no one wants to transact - which is a form of 'conviction' but not necessarily positive.
Programmatic access
REST API
curl -sS \
'https://api.trinityinsights.io/api/v1/onchain/vaultedness/history?days=90' \
-H 'X-API-Key: $TRINITY_API_KEY'MCP server
{
"tool": "get_chart_value",
"metric_id": "vaultedness",
"timeframe": "1y"
}Required tier: pro. See the pricing grid for the tier list and the MCP documentation for multi-client configuration.
Related metrics
Institutional disclaimer
Trinity Insights is an educational and analytical tool. The metric above does not constitute investment advice. Trinity Insights is not a Crypto-Asset Service Provider (CASP) registered under MiCA Regulation (EU) 2023/1114. See the full disclaimer.