{
  "site": "https://btcmetrics.online/",
  "generatedAt": "2026-10-27T06:31:45.328Z",
  "onChainDataAsOf": "2026-10-26",
  "basis": "Build-time snapshot. Price is the daily close (UTC) of onChainDataAsOf; in a browser the page then updates price, funding and open interest live. On-chain metrics are published once a day.",
  "cyclePosition": {
    "percentile": 49,
    "label": "Mid-cycle",
    "meaning": "Rank of today's raw average within its own history, 0-100. Below 20 deep value, 20-40 accumulation, 40-60 mid-cycle, 60-80 heating up, above 80 overheated.",
    "rawAverage": 38.3,
    "signalsAveraged": 5,
    "historyDays": 5579
  },
  "price": {
    "usd": 79949.93,
    "change24h": -0.0011,
    "allTimeHighUsd": 124824.45,
    "drawdownFromAllTimeHigh": -0.3595
  },
  "signals": [
    {
      "key": "mayer",
      "label": "Mayer Multiple",
      "reading": 1.096,
      "unit": "ratio",
      "points": 23.3,
      "verdict": "Accumulation",
      "scoresZeroAt": 0.7,
      "scoresHundredAt": 2.4
    },
    {
      "key": "mvrvZ",
      "label": "MVRV Z-score",
      "reading": 0.834,
      "unit": "ratio",
      "points": 11.9,
      "verdict": "Deep value",
      "scoresZeroAt": 0,
      "scoresHundredAt": 7
    },
    {
      "key": "static",
      "label": "Fear & Greed",
      "reading": 48,
      "unit": "index",
      "points": 48,
      "verdict": "Mid-cycle",
      "scoresZeroAt": 0,
      "scoresHundredAt": 100
    },
    {
      "key": "funding",
      "label": "Funding rate",
      "reading": 1,
      "unit": "bp",
      "points": 33.3,
      "verdict": "Accumulation",
      "scoresZeroAt": -1,
      "scoresHundredAt": 5
    },
    {
      "key": "hashRibbon",
      "label": "Miner commitment",
      "reading": 4.524,
      "unit": "pct",
      "points": 75.2,
      "verdict": "Heating up",
      "scoresZeroAt": -6,
      "scoresHundredAt": 8
    }
  ],
  "valuation": {
    "mvrv": 1.478,
    "mvrvZScore": 0.83,
    "realizedPriceUsd": 54077,
    "mayerMultiple": 1.096,
    "ma50Usd": 81795.66,
    "ma200dUsd": 72978.27,
    "ma200wUsd": 67118.64
  },
  "sentiment": {
    "fearGreedIndex": 48,
    "fearGreedLabel": "Neutral",
    "fearGreed30DayAverage": 63
  },
  "leverage": {
    "venue": "OKX",
    "fundingRateBpPer8h": 1,
    "fundingAnnualisedPct": 11,
    "openInterestUsd": 2614115641,
    "fundingHistoryVenue": "OKX"
  },
  "network": {
    "hashRateEhPerSec": 1132.1,
    "hashRate30DayMean": 1022.5,
    "hashRate60DayMean": 978.2,
    "hashRibbonSpreadPct": 4.52,
    "coinsOnExchangesPctOfSupply": 13.4
  },
  "sources": [
    {
      "name": "Coin Metrics community API",
      "license": "CC BY-NC — non-commercial"
    },
    {
      "name": "alternative.me Fear & Greed Index",
      "license": "free"
    },
    {
      "name": "OKX public API",
      "license": "funding and open interest recorded at build time"
    },
    {
      "name": "Binance public API",
      "license": "live price, funding and open interest, fetched by the browser"
    }
  ],
  "disclaimer": "Information only, not investment advice. Heuristics drawn from four Bitcoin cycles."
}