Bitcoin (BTC)

Bitcoin is ChartInspect's flagship chain with the deepest on-chain data coverage. As the original UTXO blockchain, Bitcoin benefits from over 15 years of historical data, enabling long-term cycle analysis, holder behavior studies, and comprehensive valuation modeling.

#Overview

#Fetching Bitcoin Data

curl -H "x-api-key: YOUR_API_KEY" \
  "https://chartinspect.com/api/v1/onchain/mvrv?chain=bitcoin&days=30"

#Key Metric Categories

#Valuation Metrics

• MVRV and MVRV Z-Score: Market value vs. realized value ratio and its statistical deviation
• NUPL: Net unrealized profit/loss across the network
• NVT Ratio: Network value relative to transaction volume
• Realized Cap: Aggregate value of all UTXOs at their last moved price
• CVDD: Cumulative value days destroyed, a fair-value pricing model
• Puell Multiple: Daily issuance value relative to its yearly moving average
• Reserve Risk: Confidence-weighted opportunity cost of holding vs. selling
• True Market Mean: Volume-weighted average acquisition price across all active supply

#Supply Metrics

• HODL Waves: Age distribution of all UTXOs over time
• Accumulation Waves: Weighted HODL Waves emphasizing younger coins
• STH/LTH Supply: Short-term and long-term holder supply breakdown
• Supply in Profit/Loss: Percentage of circulating supply currently in profit or loss
• Active Supply Skew: Ratio of recently active supply to dormant supply
• Vaultedness: Proportion of supply held in long-dormant addresses

#Momentum Metrics

• SOPR: Spent output profit ratio, measuring realized profit/loss of moved coins
• Composite Momentum: Multi-factor oscillator combining several on-chain signals
• Realized Profit Deviation: Statistical deviation of realized profits from trend
• MVRV Momentum: Rate of change and z-score derivatives of MVRV
• LTH/STH SOPR Momentum: Momentum oscillators for cohort-specific SOPR

#Mining / Network Metrics

• Hash Rate: Total computational power securing the network
• Mining Difficulty: Network difficulty adjustments over time
• Miner Revenue: Total miner income from block rewards and fees
• Transaction Fees: Fee market activity and fee-to-reward ratio
• Thermocap: Cumulative miner revenue as a valuation floor
• Block Height and Daily Blocks: Block production rate and consistency

#Profit / Loss Metrics

• Realized Profit/Loss: Aggregate realized gains and losses from spent outputs
• Cumulative LTH Profit: Running total of long-term holder realized profit
• SOPR by Age: Spent output profit ratio segmented by coin age bands
• Net Realized P/L: Net difference between realized profit and realized loss
• Relative Unrealized P/L: Unrealized profit/loss normalized by market cap
• Sell-Side Risk Ratio: Realized profit/loss relative to realized cap

#All Available Metrics

Complete list of all 193 metrics available for this chain.