MarketCap_STH
Tech spec
| Field | Value |
|---|---|
| API name (slug) | market_cap_sth |
| Group | marketcap |
| Unit / Valuetype | usd / marketcap |
| Shape | scalar |
| Resolutions | block, h1, h4, h8, h12, d1 |
| Endpoints | /v2/marketcap |
| Tier | 0 |
| Last updated | 2025-08-26 14:36 UTC |
| Docs | Open in Swagger |
Brief Description: The aggregate USD value of all Bitcoin in circulation.
MarketCap_STH is calculated by multiplying the total circulation supply of Bitcoin by the current Bitcoin price. It reflects the market valuation of Bitcoins held by investors.
Metric variants
- _lth: MarketCap_STH restricted to Long-Term Holders (age ≥ 155 days).
- _sth: MarketCap_STH restricted to Short-Term Holders (age < 155 days).
Interpretation
The MarketCap_STH to gauge market trends and determine the health and growth of the Bitcoin network.
A rising MarketCap_STH suggests increasing investment and perceived value, while a declining MarketCap_STH could indicate a downturn in market sentiment.
Advanced Explanation The MarketCap_STH is calculated by multiplying the total number of bitcoins in circulation with the current price of a single bitcoin in US dollars. This metric is significant as it reflects the combined valuation of all mined bitcoins, offering a sense of the market size and value perception by investors.
MarketCap_STH = Supply_Total * Price