Coin_Blocks_Destroyed
Tech spec
| Field | Value |
|---|---|
| API name (slug) | coinblocks_destroyed |
| Group | cointime statistics |
| Unit / Valuetype | coinblocks / other |
| 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: Coinblocks destroyed in the Bitcoin network.
Coin_Blocks_Destroyed measures the destruction of coinblocks. It reflects economic activity and is a fundamental unit in the Cointime Economics framework.
Interpretation Understanding Coin_Blocks_Destroyed is crucial for analyzing Bitcoin's market activity. A high Coin_Blocks_Destroyed implies active market behavior, indicating that a significant volume of Bitcoin is being moved or spent. This can signal market liquidity, investor sentiment, and overall economic health. Conversely, a low Coin_Blocks_Destroyed may suggest reduced market activity or a tendency towards holding Bitcoin. This metric is essential for interpreting the Bitcoin market's current state and projecting future trends based on historical data.
Advanced Explanation Coin_Blocks_Destroyed is determined by the destruction of coinblocks, which are the products of coin volume and blocks. Coin_Blocks_Destroyed is a primitive of cointime economics.
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/