Active_Cap
Tech spec
| Field | Value |
|---|---|
| API name (slug) | active_cap |
| Group | cointime statistics |
| Unit / Valuetype | usd / marketcap |
| Shape | scalar |
| Resolutions | block, h1, h4, h8, h12, d1 |
| Endpoints | /v2/cointime_statistics |
| Tier | 0 |
| Last updated | 2025-08-25 18:22 UTC |
| Docs | Open in Swagger |
Brief Description: USD value of active supply.
Active coins is defined by the cointime economics framework.
Interpretation An increased Active_Cap indicate that more value is contained within the Bitcoin system.
Advanced Explanation Active_Cap is computed using Active_Cap, which weights the market cap by liveliness, thus not considering unmoved and lost coins. In effect this metric represent the USD value of active coins in the network.
Active_Cap = Active_Cap * Price
Active_Cap = Market Cap / Active Realized Cap
or
Active_Cap = Market Price / Active Realized Price
Active_Cap belongs to the Cointime Economics framework for Bitcoin onchain analysis published by James Check and David Puell. References: https://ark-invest.com/white-papers/cointime-economics/ and https://insights.glassnode.com/introducing-cointime-economics/