Producerness
Tech spec
| Field | Value |
|---|---|
| API name (slug) | producerness |
| 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 18:33 UTC |
| Docs | Open in Swagger |
Brief Description: The relative contribution of miner production costs to the valuation of Bitcoin's Realized Cap.
Interpretation Producerness offers a window into the sentiment and behavior of Bitcoin holders, distinguishing between those who are more likely to hold their bitcoins with a long-term perspective versus those engaged in frequent trading. By analyzing shifts in Producerness, one can infer potential market trends, such as an increase in long-term holding suggesting a bullish sentiment among investors. It is based on the Cointime Economic framework.
Advanced Explanation Producerness is equal to the ratio of Thermocap and Realized Cap.
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/