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
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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/

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