Bitcoin on-chain metrics

102 daily Bitcoin on-chain metrics, each computed from raw UTXO data on our own full-archive node — no third-party data vendor. Every metric has its own page with the current reading, a chart of its full history since 2009, what high and low readings have meant, and a free JSON download. The whole dataset is cryptographically committed so anyone can verify it. Last updated 2026-10-16.

Price & MA

  • BTC Price$81,616
    Bitcoin price (USD)
  • 200MA Ratio$1
    Price divided by 200-day moving average.
  • RSI (14)40.15
    Relative Strength Index over 14 days.
  • Momentum$0
    Short-term price trend strength based on rate of change.
  • Price Volatility$0
    Rolling realized price volatility.
  • Above 200MA$1
    Binary flag: 1 when price is above its 200-day moving average, 0 when below.
  • MA Cross Signal1.000
    Moving average crossover signal.
  • Market Cap$1.64T
    Total market capitalization: circulating supply × current price.

Valuation Models

  • Realized Cap (true cost basis)$1.08T
    Realized cap computed coin by coin: every unspent output valued at the price on the day it was created, from our own node.
  • Realized Cap (legacy seeded estimate)$1.06T
    The realized-cap estimate published until 2026-10-12: anchored to hand-entered reference values, with daily changes filled in between.
  • Realized Price (true cost basis)$53,786
    True cost-basis realized cap divided by live supply — the average price at which every coin last moved.
  • Puell Multiple1.067
    Daily miner revenue divided by 365-day average.
  • Stock-to-Flow122.8
    Existing supply divided by annual new issuance.
  • On-Chain Signal-0.526
    Composite of multiple on-chain indicators.
  • Mayer Multiple1.127
    Price divided by its 200-day moving average.
  • VDD Multiple0.769
    Value Days Destroyed multiple — coin-days destroyed valued in USD, normalised by its yearly trend.
  • Puell Multiple (real)1.066
    Puell Multiple computed from real miner revenue (subsidy + fees) rather than a proxy.

SOPR

  • SOPR1.003
    Spent Output Profit Ratio.
  • Adjusted SOPR1.025
    SOPR computed only over spends of coins held at least 1 day, removing same-day change and relay churn.
  • SOPR Z-Score-0.127
    SOPR standardized against its historical distribution.
  • SOPR Percentile0.504
    Where current SOPR sits relative to its full history (0–1).
  • SOPR Momentum-0.002
    Rate of change in SOPR.
  • SOPR Oscillator0.083
    Mean-reverting SOPR oscillator.
  • SOPR Ratio0.998
    Ratio of short-period to long-period SOPR.
  • SOPR Deviation0.003
    SOPR deviation from its moving average.
  • SOPR Winsorized1.003
    SOPR with extreme outliers clipped.
  • SOPR Median1.000
    Median SOPR — less sensitive to whale transactions than the mean.

MVRV / NUPL

  • MVRV1.517
    Market Value to Realized Value.
  • MVRV Z-Score0.904
    Standardized MVRV separating market cap from realized cap relative to volatility.
  • NUPL0.341
    Net Unrealized Profit/Loss.
  • Realized Cap$1.08T
    Sum of all UTXOs valued at the price when they last moved, measured coin by coin from our own node.
  • Thermocap17.29
    Market cap divided by cumulative miner revenue.

CDD / Dormancy

  • CDD10,152,216
    Coin Days Destroyed — coins × days held before spending.
  • CDD 90d Avg13,393,548
    90-day moving average of CDD.
  • Binary CDD0.000
    1 when CDD exceeds its long-term average, 0 otherwise.
  • Supply-Adj CDD0.021
    CDD adjusted for circulating supply.
  • CDD per Output8.796
    Average coin-days destroyed per spent output.
  • CDD Clean10,152,216
    CDD with outlier transactions removed for cleaner trend analysis.
  • Dormancy43.99
    Average coin age of spent outputs.
  • Dormancy Flow122,478.2
    Dormancy adjusted by market cap.
  • Dormancy Clean43.99
    Dormancy with outliers removed for smoother analysis.

Liveliness

HODL / Reserve Risk

Age Distribution

STH vs LTH

  • STH/LTH Ratio22.77
    Ratio of short-term to long-term holder supply.
  • % STH18.5%
    Percent of live supply held by short-term holders (<155 days).
  • % LTH81.5%
    Percent of live supply held by long-term holders (>155 days).
  • LTH Selling0.815
    Long-term holder distribution intensity.
  • STH Activity0.959
    Short-term holder transaction activity.
  • Accumulation Signal0.785
    1 − profit ratio: the share of spent outputs moved at a loss that day.

Network Activity

  • TX Count1,146,832
    Transaction count proxy derived from UTXO activity.
  • TX Momentum1.049
    Transaction count momentum.
  • UTXO Growth0.028
    Net change in unspent outputs.
  • UTXO Density487.8
    Average outputs per block.
  • Congestion7,801.6
    Network congestion indicator.
  • Fee / Reward0.006
    Ratio of transaction fees to the block subsidy.
  • Fee Share0.6%
    Fees as a fraction of total miner revenue (subsidy + fees).

Profit / Loss

Whale Activity

  • Whale Awakening0.019
    Detection of very old coins (5yr+) moving.
  • Whale Spike1.096
    Magnitude of whale transaction spikes.
  • Ancient Moved17,646
    Total BTC moved from ancient (very old) UTXOs.
  • Ancient %1.5%
    Percentage of daily volume from ancient coins.

Cohort Cost Basis

  • Realized Price$53,786
    Aggregate cost basis of all coins — realized cap divided by circulating supply.
  • STH Cost Basis$74,601
    Realized price of short-term holders (coins younger than 155 days).
  • LTH Cost Basis$49,060
    Realized price of long-term holders (coins older than 155 days).
  • STH MVRV1.094
    Short-term holder MVRV — market value vs cost basis for coins under 155 days.
  • LTH MVRV1.664
    Long-term holder MVRV — market value vs cost basis for coins over 155 days.
  • STH SOPR1.001
    Spent Output Profit Ratio for short-term holders.
  • LTH SOPR1.213
    Spent Output Profit Ratio for long-term holders.

Market & Flows

Derivatives