Indicators
The full catalogue, in catalogue order. Every indicator here is a measurement with a method and a computation time, not a signal and not a recommendation. There is no composite of them and none will be added: an indicator is read, not scored.
23 catalogued, 22 with a current reading. Where a reading is missing the row says why — an indicator that exists and cannot be read today is a different fact from one that does not exist.
Credit
Rates, spreads and the term structure — what BTC-collateralised credit costs and how that cost is formed.
| Indicator | Units | Reading | History |
|---|---|---|---|
| Terminal Conviction Index tci | ratio | available | yes |
| Term Slope Ratio tsr | ratio | available | yes |
| Confidence Decay Rate cdr | rate per day | available | yes |
| Credit-Cycle Phase Indicator ccpi | composite z-score | available | yes |
| Implied Price Floor implied-price | USD | available | yes |
| Curve Regime regime | classification | available | yes |
| Credit Surface surface | APR (%) over the tenor x LTV grid | available | no |
| Leverage Conviction Index lci | annualised % by rolling window | available | yes |
| Stablecoin Liquidity Index sli | index | available | yes |
| Stablecoin Dominance Ratio sdr | percent | available | yes |
| Intermediation Spread intermediation-spread | spread | available | yes |
| Capital Stack capital-stack | APR (%) by layer | available | no |
| Benchmark Curves benchmark-curves | APR (%) by tenor | available | no |
| Bitcoin Credit Complex (aggregate) complex | mixed | available | no |
| Forward Curve forward-curve | implied forward APR (%) | unavailable | yes |
| Realised Price Implied Divergence rpid | divergence | available | yes |
On-chain
Commodity chain metrics. Venue-independent: these describe Bitcoin, not any place that lends against it.
| Indicator | Units | Reading | History |
|---|---|---|---|
| On-chain Indicators (latest) onchain-latest | mixed | available | yes |
| HODL Waves hodl-waves | percent of supply by age band | available | no |
Market
The surrounding conditions the credit layer is priced against.
| Indicator | Units | Reading | History |
|---|---|---|---|
| DeFi Rates defi-rates | APR (%) | available | yes |
| Rates Comparison rates-comparison | APR (%) | available | yes |
| Stablecoin Supply stablecoins | USD | available | yes |
| Macro Context macro | mixed | available | yes |
| BTC Spot Price btc-price | USD | available | yes |