BlockShield/Metrics

Metric library

Every series BlockShield computes, with the method behind it written out: where the data comes from, what is refused and why, and what the number cannot tell you. No live values on these pages — those live on the tabs they link to.

Bitcoin Supply in Loss
How BlockShield builds Bitcoin Supply in Loss: a measured identity from 2022, a reconstruction re-anchored to realized price back to 2010, and the lambda band.
Bitcoin Whale Band Holdings
How BlockShield bands Bitcoin holders, why the whale headline is our mapping of a provider's bands, and why the ten-year reference cohort is a frozen extract.
Realized Capitalisation & Realized Price
Realized cap values every coin at the price it last moved at. How BlockShield sources it, why the partial figure stays flagged, and what it is a denominator for.
MVRV Ratio
MVRV is market cap over realized cap. BlockShield withholds it unless an independent provider agrees within 5% and the derivation is still exact.
Net Unrealized Profit/Loss (NUPL)
NUPL is unrealized profit as a share of market cap. How BlockShield derives it from realized cap, its bands, and why it is withheld when the cross-check fails.
Spent Output Profit Ratio (SOPR)
SOPR compares the price coins were sold at to the price they last moved at. How BlockShield stores it, how it is dated, and what sustained sub-1 actually marks.
Short-Term Holder HODL Waves
The share of Bitcoin supply held by short-term holders, by age band. How BlockShield keeps the whole provider response and why the percentile names its window.
Coinbase Premium Index
The spread between the Coinbase USD tape and the Binance USDT tape. How BlockShield computes it daily, why the USDT basis is declared, and how streaks are counted.
Market Regime Score
A 0-100 bullishness score from seven independent dimensions, re-normalised over whatever data is live. Read its polarity before comparing it to Cycle Position.
Cycle Position Index
A 0-100 cycle RISK score from five dimensions. Opposite polarity to Market Regime, fitted to three cycles, and honest that it cannot be validated on them.
Altcoin Season Index
A 0-100 read on whether alts are outperforming Bitcoin, with stablecoins, wrapped and asset-backed tokens excluded because they track something else.
Stablecoin Net Flows
Net mint minus redemption across the stablecoin supply, folded from one daily series. Incomplete periods are drawn hatched and excluded from every streak.
DeFi Sector TVL Flows
Where DeFi capital is moving by sector, with centralised-exchange custody excluded and single corrupt readings refused rather than allowed to steer a sector.
Narrative Basket Return
Monthly performance by story, weighted by start-of-month capital. Thin baskets are sidelined with their reason, and concentrated ones are marked on the axis.
Entity Portfolio Value
How BlockShield totals an entity's on-chain holdings across chains: exact base units, unpriced tokens left NULL, and partial sweeps that can never erase.
Bitcoin Exchange Reserves
How BlockShield builds an exchange's Bitcoin address set by common-input clustering, why confidence is published, and why an all-failed sweep is refused.
Token Unlock Cliffs
Upcoming vesting unlocks by token, built from a free emissions dataset. Why an incomplete calendar is cached briefly and never published as an empty market.
Pool Turnover Ratio
Daily volume divided by liquidity, used to flag wash-like DEX activity. Both halves of the tab share one threshold, and stable pairs are exempted by name.
The rules these pages keep referring back to are published in one place: the methodology page.
Methodology · About · Dashboard