ON-CHAIN LIBRARY
Metrics
Explore the on-chain measures behind market structure, investor behaviour and cycle positioning.
Realised Profit
How much profit is being locked in by the Bitcoin outputs moving on-chain today?
Realised Loss
How much loss is being locked in by Bitcoin outputs moving below their previous on-chain reference prices?
Net Realised Profit/Loss
Are the Bitcoin outputs moving today locking in more profit or more loss overall?
Supply in Profit
What share of Bitcoin's circulating supply currently sits above its on-chain cost-basis proxy?
Supply in Loss
How much Bitcoin currently sits below the market price recorded when its UTXOs were created?
MVRV
Is Bitcoin's market value above or below its aggregate on-chain cost-basis proxy?
MVRV Z-Score
How unusual is the gap between Bitcoin's market value and realised value after scaling for market-cap volatility?
NUPL
How large is Bitcoin's aggregate unrealised profit or loss relative to its current market value?
Adjusted SOPR
What changes when the shortest-lived Bitcoin outputs are removed from SOPR?
LTH SOPR
Are Bitcoin outputs aged at least 155 days being spent above or below their previous on-chain value?
STH SOPR
Are Bitcoin outputs younger than 155 days being spent above or below their previous on-chain value?
Sell-Side Risk Ratio
How much profit and loss is being realised on-chain relative to Bitcoin's realised capital base?
AVIV Ratio
Bitcoin's active market value measured against a model of investor capital rather than the full realised value.
SOPR by Coin Age
Which ages of Bitcoin supply are spending in profit or loss—and how broad is the move across neighbouring bands?
Bitcoin Dominance
What share of the crypto market's measured value belongs to Bitcoin—and what sits inside the denominator?
Fear and Greed Index
What does a 0–100 crypto sentiment score combine, and which provider's method sits behind it?
Mayer Multiple
How far is Bitcoin trading above or below its 200-day moving average?
Puell Multiple
Is the dollar value of Bitcoin issuance high or low relative to its trailing-year norm?
Realised Price
What does the UTXO set's average last-moved price say about Bitcoin's aggregate profit or loss regime?
Power Law
How far is Bitcoin's price from a specified power-law fit—and how sensitive is that fit to its assumptions?
Altcoin Season Index
How many eligible altcoins beat Bitcoin over the chosen window—and which provider defines the sample?
Hashrate
How much computing work is the Bitcoin network estimated to perform each second?
Mining Difficulty
How does Bitcoin reset proof-of-work difficulty every 2,016 blocks to target a ten-minute average?
Hash Ribbons
What do the fast and slow hashrate averages show about network contraction and recovery?
Funding Rate
Which side of the Bitcoin perpetual market is paying at the next settlement—and how expensive is that position?
Open Interest
How much derivative exposure remains open—and what can it tell you before you know the margin or direction?
Liquidations
Forced position closures, how they cascade, and why aggregate totals depend on venue and provider coverage.
Exchange Reserves
How much Bitcoin sits in addresses attributed to exchanges—and how reliable are those labels?
ETF Net Flow
What net ETF creations and redemptions reveal—and what they cannot prove about who bought or why.
HODL Waves
How is Bitcoin's current UTXO supply distributed by age, and what changes when old outputs are spent?
Coin Days Destroyed
How much age-weighted Bitcoin activity occurred when outputs were spent on-chain?
Reserve Risk
How high is Bitcoin's price relative to the HODL Bank model of accumulated unspent opportunity cost?
Liveliness
Is recent coin-day destruction high enough to lift Bitcoin's cumulative Liveliness ratio?
NVT Ratio
How large is Bitcoin's network value relative to the transfer value measured on-chain?
Realised Cap
What is Bitcoin worth when every current output is valued at its last-moved price rather than today's price?
LTH Supply
How much Bitcoin belongs to the statistically less-active long-term holder cohort—and how is that cohort defined?
STH Supply
How much Bitcoin sits with the statistically more-active short-term holder cohort—and what moves it there?
Sharpe Ratio
How much return has Bitcoin delivered above the chosen benchmark for each unit of total volatility?
Sortino Ratio
How much return has Bitcoin delivered above a chosen target for each unit of downside deviation?
SOPR
Whether the coins moving today are being sold above or below what they cost their holder.
ON-CHAIN LIBRARY
Metrics
Explore the on-chain measures behind market structure, investor behaviour and cycle positioning.
Realised Profit
How much profit is being locked in by the Bitcoin outputs moving on-chain today?
Realised Loss
How much loss is being locked in by Bitcoin outputs moving below their previous on-chain reference prices?
Net Realised Profit/Loss
Are the Bitcoin outputs moving today locking in more profit or more loss overall?
Supply in Profit
What share of Bitcoin's circulating supply currently sits above its on-chain cost-basis proxy?
Supply in Loss
How much Bitcoin currently sits below the market price recorded when its UTXOs were created?
MVRV
Is Bitcoin's market value above or below its aggregate on-chain cost-basis proxy?
MVRV Z-Score
How unusual is the gap between Bitcoin's market value and realised value after scaling for market-cap volatility?
NUPL
How large is Bitcoin's aggregate unrealised profit or loss relative to its current market value?
Adjusted SOPR
What changes when the shortest-lived Bitcoin outputs are removed from SOPR?
LTH SOPR
Are Bitcoin outputs aged at least 155 days being spent above or below their previous on-chain value?
STH SOPR
Are Bitcoin outputs younger than 155 days being spent above or below their previous on-chain value?
Sell-Side Risk Ratio
How much profit and loss is being realised on-chain relative to Bitcoin's realised capital base?
AVIV Ratio
Bitcoin's active market value measured against a model of investor capital rather than the full realised value.
SOPR by Coin Age
Which ages of Bitcoin supply are spending in profit or loss—and how broad is the move across neighbouring bands?
Bitcoin Dominance
What share of the crypto market's measured value belongs to Bitcoin—and what sits inside the denominator?
Fear and Greed Index
What does a 0–100 crypto sentiment score combine, and which provider's method sits behind it?
Mayer Multiple
How far is Bitcoin trading above or below its 200-day moving average?
Puell Multiple
Is the dollar value of Bitcoin issuance high or low relative to its trailing-year norm?
Realised Price
What does the UTXO set's average last-moved price say about Bitcoin's aggregate profit or loss regime?
Power Law
How far is Bitcoin's price from a specified power-law fit—and how sensitive is that fit to its assumptions?
Altcoin Season Index
How many eligible altcoins beat Bitcoin over the chosen window—and which provider defines the sample?
Hashrate
How much computing work is the Bitcoin network estimated to perform each second?
Mining Difficulty
How does Bitcoin reset proof-of-work difficulty every 2,016 blocks to target a ten-minute average?
Hash Ribbons
What do the fast and slow hashrate averages show about network contraction and recovery?
Funding Rate
Which side of the Bitcoin perpetual market is paying at the next settlement—and how expensive is that position?
Open Interest
How much derivative exposure remains open—and what can it tell you before you know the margin or direction?
Liquidations
Forced position closures, how they cascade, and why aggregate totals depend on venue and provider coverage.
Exchange Reserves
How much Bitcoin sits in addresses attributed to exchanges—and how reliable are those labels?
ETF Net Flow
What net ETF creations and redemptions reveal—and what they cannot prove about who bought or why.
HODL Waves
How is Bitcoin's current UTXO supply distributed by age, and what changes when old outputs are spent?
Coin Days Destroyed
How much age-weighted Bitcoin activity occurred when outputs were spent on-chain?
Reserve Risk
How high is Bitcoin's price relative to the HODL Bank model of accumulated unspent opportunity cost?
Liveliness
Is recent coin-day destruction high enough to lift Bitcoin's cumulative Liveliness ratio?
NVT Ratio
How large is Bitcoin's network value relative to the transfer value measured on-chain?
Realised Cap
What is Bitcoin worth when every current output is valued at its last-moved price rather than today's price?
LTH Supply
How much Bitcoin belongs to the statistically less-active long-term holder cohort—and how is that cohort defined?
STH Supply
How much Bitcoin sits with the statistically more-active short-term holder cohort—and what moves it there?
Sharpe Ratio
How much return has Bitcoin delivered above the chosen benchmark for each unit of total volatility?
Sortino Ratio
How much return has Bitcoin delivered above a chosen target for each unit of downside deviation?
SOPR
Whether the coins moving today are being sold above or below what they cost their holder.

