A2V_Ratio
Tech spec
| Field | Value |
|---|---|
| API name (slug) | activity_to_vaulting_ratio |
| Group | cointime statistics |
| Unit / Valuetype | ratio / other |
| Shape | scalar |
| Resolutions | block, h1, h4, h8, h12, d1 |
| Endpoints | /v2/cointime_statistics |
| Tier | 0 |
| Last updated | 2025-08-25 18:00 UTC |
| Docs | Open in Swagger |
Brief Description: The ratio between Liveliness and Vaultedness.
A2V_Ratio provides insights into the macro shifts in the network's activity and inactivity. It is based on the cointime economics framework.
Interpretation A higher A2V_Ratio indicates a greater level of activity relative to inactivity, suggesting bullish market conditions with active trading and spending. In contrast, a lower A2V_Ratio suggests a dominance of inactivity, indicating bearish conditions or a market trend towards accumulation and holding.
Advanced Explanation A2V_Ratio is calculated as the ratio of Liveliness to Vaultedness. Liveliness is a measure of the Bitcoin network's activity, indicating the proportion of coinblocks destroyed relative to created. Vaultedness reflects the network's inactivity, representing stored coinblocks.
A2V_Ratio = Liveliness / Vaultedness
or
A2V_Ratio = ∑ CBD / ∑ CBS
Cointime Economics is a new 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/