# Glassnode Docs

## Glassnode Docs

- [Overview](https://docs.glassnode.com/introduction/readme.md)
- [Changelog](https://docs.glassnode.com/introduction/changelog.md): Discover new features, platform improvements, bug fixes, and any methodological changes or updates to our existing metrics.
- [2026](https://docs.glassnode.com/introduction/changelog/2026.md)
- [2025](https://docs.glassnode.com/introduction/changelog/2025.md)
- [2024](https://docs.glassnode.com/introduction/changelog/2024.md): New features, improvements and bug fixes.
- [2023](https://docs.glassnode.com/introduction/changelog/2023.md): New features, improvements and bug fixes.
- [2022](https://docs.glassnode.com/introduction/changelog/2022.md): New features, improvements and bug fixes.
- [2021](https://docs.glassnode.com/introduction/changelog/2021.md): New features, improvements and bug fixes.
- [2020](https://docs.glassnode.com/introduction/changelog/2020.md): New features, improvements and bug fixes.
- [Metric Catalog](https://docs.glassnode.com/introduction/metric-catalog.md)
- [Supported Blockchains](https://docs.glassnode.com/introduction/supported-blockchains.md)
- [Supported Assets](https://docs.glassnode.com/introduction/supported-assets.md)
- [Market Metrics Coverage](https://docs.glassnode.com/introduction/supported-assets/market-metrics-coverage.md)
- [API Setup](https://docs.glassnode.com/basic-api/api.md): Welcome to the Glassnode API documentation.
- [Data Credits](https://docs.glassnode.com/basic-api/api-credits.md)
- [Rate Limits](https://docs.glassnode.com/basic-api/api-credits-1.md)
- [Metadata](https://docs.glassnode.com/basic-api/metadata.md)
- [Endpoints](https://docs.glassnode.com/basic-api/endpoints.md)
- [Addresses](https://docs.glassnode.com/basic-api/endpoints/addresses.md)
- [Bridges](https://docs.glassnode.com/basic-api/endpoints/bridges.md)
- [Blockchain](https://docs.glassnode.com/basic-api/endpoints/blockchain.md)
- [Breakdowns](https://docs.glassnode.com/basic-api/endpoints/breakdowns.md)
- [DeFi](https://docs.glassnode.com/basic-api/endpoints/defi.md)
- [Derivatives](https://docs.glassnode.com/basic-api/endpoints/derivatives.md)
- [Distribution](https://docs.glassnode.com/basic-api/endpoints/distribution.md)
- [Entities](https://docs.glassnode.com/basic-api/endpoints/entities.md)
- [ETH 2.0](https://docs.glassnode.com/basic-api/endpoints/eth2.md)
- [Fees](https://docs.glassnode.com/basic-api/endpoints/fees.md)
- [Global](https://docs.glassnode.com/basic-api/endpoints/global.md)
- [Indicators](https://docs.glassnode.com/basic-api/endpoints/indicators.md)
- [Institutions](https://docs.glassnode.com/basic-api/endpoints/institutions.md)
- [Lightning](https://docs.glassnode.com/basic-api/endpoints/lightning.md)
- [Macro](https://docs.glassnode.com/basic-api/endpoints/macro.md)
- [Market](https://docs.glassnode.com/basic-api/endpoints/market.md)
- [Mempool](https://docs.glassnode.com/basic-api/endpoints/mempool.md)
- [Mining](https://docs.glassnode.com/basic-api/endpoints/mining.md)
- [Options](https://docs.glassnode.com/basic-api/endpoints/options.md)
- [Point-In-Time](https://docs.glassnode.com/basic-api/endpoints/pit.md)
- [Protocols](https://docs.glassnode.com/basic-api/endpoints/protocols.md)
- [Signals](https://docs.glassnode.com/basic-api/endpoints/signals.md)
- [Supply](https://docs.glassnode.com/basic-api/endpoints/supply.md)
- [Transactions](https://docs.glassnode.com/basic-api/endpoints/transactions.md)
- [Treasuries](https://docs.glassnode.com/basic-api/endpoints/treasuries.md)
- [Bulk Endpoints](https://docs.glassnode.com/basic-api/bulk-metrics.md)
- [x402](https://docs.glassnode.com/basic-api/x402.md)
- [Glassnode CLI](https://docs.glassnode.com/integrations-and-tools/glassnode-cli.md)
- [Glassnode MCP Server](https://docs.glassnode.com/integrations-and-tools/glassnode-mcp-server.md): A guide to using Glassnode's Model Context Protocol (MCP) server for AI agents.
- [Glassnode Excel Add-In](https://docs.glassnode.com/integrations-and-tools/glassnode-excel-add-in.md): A guide to using Glassnode's Excel Add-In.
- [Snowflake Data Sharing](https://docs.glassnode.com/integrations-and-tools/data-sharing.md)
- [BigQuery Data Sharing](https://docs.glassnode.com/integrations-and-tools/bigquery-data-sharing.md)
- [Timestamps and Resolutions](https://docs.glassnode.com/data/timestamps-and-resolutions.md)
- [New Data Availability](https://docs.glassnode.com/data/data-availability.md)
- [Datapoint Finalization](https://docs.glassnode.com/data/data-finalization.md)
- [Point-in-Time Metrics](https://docs.glassnode.com/data/point-in-time-metrics.md)
- [UTXO vs. Account-Based Chains](https://docs.glassnode.com/data/utxo-vs.-account-based-chains.md): UTXO (Unspent Transaction Output) and Account-Based chains are two different "accounting methods" used by blockchains to determine the provenance and ownership of coins in the network.
- [Metric Guides](https://docs.glassnode.com/further-information/metric-guides.md)
- [Market Capitalization](https://docs.glassnode.com/further-information/metric-guides/market-capitalization.md): The market capitalization of an asset represents the total network value of that asset.
- [Realized Capitalization](https://docs.glassnode.com/further-information/metric-guides/realized-capitalization.md): Realized capitalization is a variation of market capitalization which values each UTXO based on the price when it was last moved.
- [MVRV](https://docs.glassnode.com/further-information/metric-guides/mvrv.md)
- [LTH-MVRV](https://docs.glassnode.com/further-information/metric-guides/mvrv/lth-mvrv.md): LTH-MVRV serves as an indicator of fair value, as assessed by the behaviour of long-term investors.
- [MVRV Ratio](https://docs.glassnode.com/further-information/metric-guides/mvrv/mvrv-ratio.md): MVRV (market-value-to-realized-value) ratio is a ratio of an asset's market capitalization to its realized capitalization.
- [MVRV-Z Score](https://docs.glassnode.com/further-information/metric-guides/mvrv/mvrv-z-score.md): The MVRV-Z Score compares market value and realized value to assess when an asset is overvalued or undervalued.
- [STH-MVRV](https://docs.glassnode.com/further-information/metric-guides/mvrv/sth-mvrv.md): STH-MVRV serves as an indicator of fair value, as assessed by the behaviour of short-term investors.
- [SOPR](https://docs.glassnode.com/further-information/metric-guides/sopr.md)
- [SOPR (Spent Output Profit Ratio)](https://docs.glassnode.com/further-information/metric-guides/sopr/sopr-spent-output-profit-ratio.md): SOPR is an indicator which reflects the degree of realised profit and loss for all coins moved on-chain.
- [aSOPR (Adjusted SOPR)](https://docs.glassnode.com/further-information/metric-guides/sopr/asopr-adjusted-sopr.md): Adjusted SOPR filters out all UTXOs with a lifespan of less than an hour from the SOPR metric to better reflect economically meaningful activity on-chain.
- [LTH-SOPR](https://docs.glassnode.com/further-information/metric-guides/sopr/lth-sopr.md): LTH-SOPR is an indicator which reflects the degree of realised profit and loss for all coins moved on-chain that have a lifespan more than 155-days (long-term holders).
- [STH-SOPR](https://docs.glassnode.com/further-information/metric-guides/sopr/sth-sopr.md): STH-SOPR is an indicator which reflects the degree of realised profit and loss for all coins moved on-chain that have a lifespan less than 155-days (short-term holders).
- [Unrealized Profit/Loss](https://docs.glassnode.com/further-information/metric-guides/unrealized-profit-loss.md)
- [NUPL (Net Unrealized Profit/Loss)](https://docs.glassnode.com/further-information/metric-guides/unrealized-profit-loss/nupl-net-unrealized-profit-loss.md): NUPL (Net Unrealized Profit/Loss) looks at the difference between Unrealized Profit and Unrealized Loss to determine whether the network as a whole is currently in a state of profit or loss.
- [Unrealized Profit](https://docs.glassnode.com/further-information/metric-guides/unrealized-profit-loss/unrealized-profit.md): Unrealized Profit represents the total profit accrued by UTXOs which were created when the price of the asset was lower than the current price.
- [Unrealized Loss](https://docs.glassnode.com/further-information/metric-guides/unrealized-profit-loss/unrealized-loss.md): Unrealized Loss represents the total loss accrued by UTXOs which were created when the price of the asset was higher than the current price.
- [LTH-NUPL](https://docs.glassnode.com/further-information/metric-guides/unrealized-profit-loss/lth-nupl.md): LTH-NUPL serves as an indicator of profit and loss, as assessed by the behaviour of long-term investors.
- [STH-NUPL](https://docs.glassnode.com/further-information/metric-guides/unrealized-profit-loss/sth-nupl.md): STH-NUPL serves as an indicator of profit and loss, as assessed by the behaviour of short-term investors.
- [Realized Profit/Loss](https://docs.glassnode.com/further-information/metric-guides/realized-profit-loss.md)
- [Net Realized Profit/Loss](https://docs.glassnode.com/further-information/metric-guides/realized-profit-loss/net-realized-profit-loss.md): Net Realized Profit/Loss metric presenting the net magnitude of profit, or loss realized by all holders spending coins. Realized Profit/Loss is assessed relative to the price when a coin last moved.
- [Realized Profit](https://docs.glassnode.com/further-information/metric-guides/realized-profit-loss/realized-profit.md): Realized Profit shows the total USD profits realized of coins being spent on-chain.
- [Realized Loss](https://docs.glassnode.com/further-information/metric-guides/realized-profit-loss/realized-loss.md): Realized Loss shows the total USD losses of coins being sold at a loss.
- [Coin Issuance](https://docs.glassnode.com/further-information/metric-guides/coin-issuance.md)
- [Puell Multiple](https://docs.glassnode.com/further-information/metric-guides/coin-issuance/puell-multiple.md): The Puell Multiple is a ratio of daily coin issuance (in USD) and the 365 moving average of daily coin issuance providing an oscillator derived from miner profitability and income stress.
- [Stablecoin](https://docs.glassnode.com/further-information/metric-guides/stablecoin.md)
- [SSR (Stablecoin Supply Ratio)](https://docs.glassnode.com/further-information/metric-guides/stablecoin/ssr-stablecoin-supply-ratio.md): The Stablecoin Supply Ratio (SSR) is the ratio between Bitcoin supply and the supply of stablecoins.
- [Coin Days Destroyed](https://docs.glassnode.com/further-information/metric-guides/coin-days-destroyed.md)
- [CDD (Coin Days Destroyed)](https://docs.glassnode.com/further-information/metric-guides/coin-days-destroyed/cdd-coin-days-destroyed.md): Coin Days Destroyed is a measure of economic activity which gives more weight to coins which haven't been spent for a long time.
- [Supply-Adjusted CDD](https://docs.glassnode.com/further-information/metric-guides/coin-days-destroyed/supply-adjusted-cdd.md): Supply-Adjusted CDD accounts for the impact of time on the Coin Days Destroyed metric.
- [Binary CDD](https://docs.glassnode.com/further-information/metric-guides/coin-days-destroyed/binary-cdd.md): Binary CDD describes whether Supply-Adjusted CDD on any given day was above or below the historical average.
- [CYD (Coin Years Destroyed)](https://docs.glassnode.com/further-information/metric-guides/coin-days-destroyed/cyd-coin-years-destroyed.md): Coin Years Destroyed (CYD) takes the rolling sum of coin days destroyed (CDD) over the previous 365-day period as a macro indicator for annual economic activity.
- [Supply-Adjusted CYD](https://docs.glassnode.com/further-information/metric-guides/coin-days-destroyed/supply-adjusted-cyd.md): Supply-Adjusted CYD accounts for the impact of time on the Coin Years Destroyed metric.
- [Reserve Risk](https://docs.glassnode.com/further-information/metric-guides/coin-days-destroyed/reserve-risk.md): Reserve Risk is a cyclical indicator that tracks the risk-reward balance relative to the confidence and conviction of long-term holders.
- [Liveliness](https://docs.glassnode.com/further-information/metric-guides/liveliness.md): Liveliness is a metric which provides insights into shifts in macro HODLing behaviour, helping to identify trends in long term holder accumulation or spending.
- [Dormancy](https://docs.glassnode.com/further-information/metric-guides/dormancy.md)
- [Average Coin Dormancy](https://docs.glassnode.com/further-information/metric-guides/dormancy/average-coin-dormancy.md): Average Coin Dormancy describes the average number of days that each spent coin had remained dormant before it was moved.
- [Supply-Adjusted Dormancy](https://docs.glassnode.com/further-information/metric-guides/dormancy/supply-adjusted-dormancy.md): Supply-Adjusted Dormancy accounts for the impact that coin day accumulation by the total supply has on the Average Coin Dormancy metric
- [Lifespan](https://docs.glassnode.com/further-information/metric-guides/lifespan.md)
- [Spent Output Age Bands (SOAB)](https://docs.glassnode.com/further-information/metric-guides/lifespan/spent-output-age-bands-soab.md): Spent Output Age Bands (SOAB) is a metric that bundles spent coins into categories depending on their age and presents them in colour bands as a proportion of total coins moved.
- [Average Spent Output Lifespan (ASOL)](https://docs.glassnode.com/further-information/metric-guides/lifespan/average-spent-output-lifespan-asol.md): ASOL (Average Spent Output Lifespan) is the average age (in days) of all spent transaction outputs.
- [Median Spent Output Lifespan (MSOL)](https://docs.glassnode.com/further-information/metric-guides/lifespan/median-spent-output-lifespan-msol.md): MSOL (Median Spent Output Lifespan) is the median age (in days) of all spent transaction outputs.
- [NVT](https://docs.glassnode.com/further-information/metric-guides/nvt.md)
- [NVT Ratio](https://docs.glassnode.com/further-information/metric-guides/nvt/nvt-ratio.md): Network Value to Transaction (NVT) Ratio describes the relationship between market cap and transfer volumes.
- [NVT Signal](https://docs.glassnode.com/further-information/metric-guides/nvt/nvt-signal.md): NVT Signal (NVTS) is a modified version of the NVT Ratio which uses a 90 day moving average of daily transfer volume as the denominator.
- [Velocity](https://docs.glassnode.com/further-information/metric-guides/nvt/velocity.md): Velocity is a measure of how quickly units of currency are circulating in the network.
- [Stock to Flow](https://docs.glassnode.com/further-information/metric-guides/stock-to-flow.md)
- [Stock to Flow Ratio](https://docs.glassnode.com/further-information/metric-guides/stock-to-flow/stock-to-flow-ratio.md): The Stock to Flow Ratio is a model of scarcity which can be applied to predict the future price of an asset.
- [Stock to Flow Deflection](https://docs.glassnode.com/further-information/metric-guides/stock-to-flow/stock-to-flow-deflection.md): Stock to Flow Deflection is used to determine whether an asset is overvalued or undervalued in terms of its Stock to Flow Ratio.
- [Price Distribution](https://docs.glassnode.com/further-information/metric-guides/price-distribution.md)
- [URPD (UTXO Realized Price Distribution)](https://docs.glassnode.com/further-information/metric-guides/price-distribution/urpd-utxo-realized-price-distribution.md): UTXO Realized Price Distribution (URPD) shows the realized price of all UTXOs on any given day.
- [SOPD (Spent Output Price Distribution)](https://docs.glassnode.com/further-information/metric-guides/price-distribution/sopd-spent-output-price-distribution.md): Spent Output Price Distribution (SOPD) shows the volume of coins moved on-chain on any given day, and at which prices the movements occurred.
- [Accumulation Trend Score](https://docs.glassnode.com/further-information/metric-guides/accumulation-trend-score.md): The Accumulation Trend Score is an indicator which reflects the relative size of entities that are actively accumulating/distributing coins on-chain in terms of their BTC holdings.
- [Long and Short-Term Holder Supply](https://docs.glassnode.com/further-information/metric-guides/long-and-short-term-holder-supply.md)
- [Supply Held by Long and Short-Term Holders](https://docs.glassnode.com/further-information/metric-guides/long-and-short-term-holder-supply/supply-held-by-long-and-short-term-holders.md): The total coin supply held by on-chain entities classified as Long-Term, or Short-Term holders.
- [Profit/Loss (Supply)](https://docs.glassnode.com/further-information/metric-guides/profit-loss-supply.md)
- [Percent Supply in Profit](https://docs.glassnode.com/further-information/metric-guides/profit-loss-supply/percent-supply-in-profit.md): Percent Supply in Profit highlights the percentage of the total supply which is currently in profit.
- [Supply in Profit](https://docs.glassnode.com/further-information/metric-guides/profit-loss-supply/supply-in-profit.md): Supply in Profit represents the absolute amount of coins in a given network which are currently in profit.
- [Supply in Loss](https://docs.glassnode.com/further-information/metric-guides/profit-loss-supply/supply-in-loss.md): Supply in Loss represents the absolute amount of coins in a given network which are currently in loss.
- [Age Distribution](https://docs.glassnode.com/further-information/metric-guides/age-distribution.md)
- [HODL Waves](https://docs.glassnode.com/further-information/metric-guides/age-distribution/hodl-waves.md): HODL Waves present a macro view of the age distribution of the coin supply and provides insight into changes to this age distribution arising from holding and spending behaviour.
- [Realized Cap HODL Waves](https://docs.glassnode.com/further-information/metric-guides/age-distribution/realized-cap-hodl-waves.md): Realized Cap HODL Waves is a variant of HODL Waves that weighs active supply bands by their realized USD value (economic weight) as a proportion of the Realized Cap.
- [Profit/Loss (UTXO)](https://docs.glassnode.com/further-information/metric-guides/profit-loss-utxo.md)
- [Percent UTXOs in Profit](https://docs.glassnode.com/further-information/metric-guides/profit-loss-utxo/percent-utxos-in-profit.md): Percent UTXOs in Profit highlights the percentage of all UTXOs which are currently in profit.
- [UTXOs in Profit](https://docs.glassnode.com/further-information/metric-guides/profit-loss-utxo/utxos-in-profit.md): UTXOs in Profit represents the absolute amount of UTXOs in a given network which are currently in profit.
- [UTXOs in Loss](https://docs.glassnode.com/further-information/metric-guides/profit-loss-utxo/utxos-in-loss.md): UTXOs in Loss represents the absolute amount of UTXOs in a given network which are currently in loss.
- [Global Metrics](https://docs.glassnode.com/further-information/metric-guides/global-metrics.md)
- [Global Metrics Methodology](https://docs.glassnode.com/further-information/metric-guides/global-metrics/global-metrics-methodology.md): Global Metrics aggregate on-chain and market data across baskets of assets into continuous, rebalanced indices, extending the index methodology used for price to metrics like realized cap, open intere
- [Workbench Guide](https://docs.glassnode.com/further-information/workbench-guide.md): A guide to functions available in the Workbench product on Glassnode.
- [Frequently Asked Questions](https://docs.glassnode.com/further-information/faq.md)
- [Exchange Data Transparency Notice](https://docs.glassnode.com/further-information/exchange-data-transparency-notice.md)