Supply whose cost basis sits in the liquidation bands
costbasis-near-liquidation
Q1. Bitcoin that last moved at a price within 10, 20 or 30% below the market mark, beside the debt in the same liquidation bands. Some dates rest on CoinGecko prices (licence on every value). Descriptive, not a forecast.
| Units | BTC |
|---|---|
| Computed at | 2026-10-13 |
| History | served |
Licence note
Some values: Rests on CoinGecko prices for coins created before 2020-07-13 (coingecko_share on each value): for free, attributed use only, never resold or redistributed in bulk. Each value's attrs.licence says which.
Methodology descriptive · CX1 Q1
What it measures. Bitcoin whose cost basis (the price on the day each coin last moved) lies within 10, 20 or 30% below the market mark: the same bands the liquidation map uses for debt.
Calculation. The mark is the mean of each venue's own mark, weighted by the debt bucketed there. The cost-basis distribution comes from our node's pass over every block. Before 2026-10-08 the liquidation map holds the history of one venue alone, so the mark rests on that venue.
Licence. On some dates part of the cost basis is priced from CoinGecko (coins created before 2020-07-13); each value says so. Those values are for free, attributed use only.
Sample. One credit cycle, from 2022-09-19, so it is observational. A descriptive series: not an index, not a forecast and not a signal. Every published version is kept and can be read as known on any date (as_known_on).
History
Supply whose cost basis lies within 20% below the market mark
Bitcoin that last moved at a price within 20% below the mark the liquidation map uses. The 10% and 30% bands are in the reading and on the explorer. From 2022-09-19, one credit cycle; weekly (Mondays) plus the latest day.
Mondays are drawn here; every day is in the explorer. Open in the explorer →
What this cannot be read as
Bitcoin whose cost basis (the price of the day each coin last moved) lies within 20% below the market mark, i.e. in [80% of the mark, the mark). The mark is a debt-weighted mean of the venues' own marks (30 venues bucketed that day), not a price any venue liquidates against; HX1's bands measure each venue against its own mark. Before 2026-10-08 the map holds Sky alone, so the band is Sky's (a coverage step on 2026-10-08). Log cost-basis buckets (ratio 1.001) assigned by their geometric midpoint: an error of at most one bucket at each edge. An identity beside the debt in the band, not a reading of what a fall would do. Observational: one credit cycle, from 2022-09-19.
https://www.bitcoincreditstack.com/indicators/costbasis-near-liquidation
Full payload
Every field as the API serves it
| id | costbasis-near-liquidation | ||||
|---|---|---|---|---|---|
| name | Supply whose cost basis sits in the liquidation bands | ||||
| measure | CX-Q1 | ||||
| question | How much bitcoin last moved at a price within 10, 20 or 30% below the market mark, where the liquidation bands sit? | ||||
| headline | cx.market.secured.supply_costbasis_within_20 | ||||
| source | Derived: OC1 chain_cost_basis_at (gavel_data_mainnet) against HX1 credit_liq_venue_daily marks | ||||
| series | 3 entries[
{
"series_id": "cx.market.secured.supply_costbasis_within_20",
"date": "2026-10-13",
"value": 3084032.46633547,
"unit": "BTC",
"kind": "derived",
"mark": "83368.71231777665994709477743",
"venues": 30,
"licence": "unrestricted",
"coingecko_btc": "0.00000000",
"cost_basis_day": "2026-10-13",
"coingecko_share": 0,
"limitation": "Bitcoin whose cost basis (the price of the day each coin last moved) lies within 20% below the market mark, i.e. in [80% of the mark, the mark). The mark is a debt-weighted mean of the venues' own marks (30 venues bucketed that day), not a price any venue liquidates against; HX1's bands measure each venue against its own mark. Before 2026-10-08 the map holds Sky alone, so the band is Sky's (a coverage step on 2026-10-08). Log cost-basis buckets (ratio 1.001) assigned by their geometric midpoint: an error of at most one bucket at each edge. An identity beside the debt in the band, not a reading of what a fall would do. Observational: one credit cycle, from 2022-09-19.",
"vintage_id": "cx@2026-10-13T08:15:00.531Z"
},
{
"series_id": "cx.market.secured.supply_costbasis_within_10",
"date": "2026-10-13",
"value": 1911161.61286116,
"unit": "BTC",
"kind": "derived",
"mark": "83368.71231777665994709477743",
"venues": 30,
"licence": "unrestricted",
"coingecko_btc": "0.00000000",
"cost_basis_day": "2026-10-13",
"coingecko_share": 0,
"limitation": "Bitcoin whose cost basis (the price of the day each coin last moved) lies within 10% below the market mark, i.e. in [90% of the mark, the mark). The mark is a debt-weighted mean of the venues' own marks (30 venues bucketed that day), not a price any venue liquidates against; HX1's bands measure each venue against its own mark. Before 2026-10-08 the map holds Sky alone, so the band is Sky's (a coverage step on 2026-10-08). Log cost-basis buckets (ratio 1.001) assigned by their geometric midpoint: an error of at most one bucket at each edge. An identity beside the debt in the band, not a reading of what a fall would do. Observational: one credit cycle, from 2022-09-19.",
"vintage_id": "cx@2026-10-13T08:15:00.531Z"
},
{
"series_id": "cx.market.secured.supply_costbasis_within_30",
"date": "2026-10-13",
"value": 5386525.98678382,
"unit": "BTC",
"kind": "derived",
"mark": "83368.71231777665994709477743",
"venues": 30,
"licence": "unrestricted",
"coingecko_btc": "0.00000000",
"cost_basis_day": "2026-10-13",
"coingecko_share": 0,
"limitation": "Bitcoin whose cost basis (the price of the day each coin last moved) lies within 30% below the market mark, i.e. in [70% of the mark, the mark). The mark is a debt-weighted mean of the venues' own marks (30 venues bucketed that day), not a price any venue liquidates against; HX1's bands measure each venue against its own mark. Before 2026-10-08 the map holds Sky alone, so the band is Sky's (a coverage step on 2026-10-08). Log cost-basis buckets (ratio 1.001) assigned by their geometric midpoint: an error of at most one bucket at each edge. An identity beside the debt in the band, not a reading of what a fall would do. Observational: one credit cycle, from 2022-09-19.",
"vintage_id": "cx@2026-10-13T08:15:00.531Z"
}
] | ||||
| methodology |
| ||||
| licence | per_value | ||||
| licence_note | Some values: Rests on CoinGecko prices for coins created before 2020-07-13 (coingecko_share on each value): for free, attributed use only, never resold or redistributed in bulk. Each value's attrs.licence says which. | ||||
| sample | One credit cycle, from 2022-09-19: observational. Descriptive, not a forecast or a signal, and not an index. | ||||
| attribution | 1 entries[
{
"provider": "CoinGecko",
"text": "Powered by CoinGecko",
"url": "https://www.coingecko.com",
"covers": "BTC/USD price, and market capitalisation / dominance figures built on CoinGecko data"
}
] |
Where this comes from
| REST | GET https://api.bitcoincreditstack.com/v1/market/measure/costbasis-near-liquidation |
|---|---|
| MCP | get_indicator({ id: "costbasis-near-liquidation" }) get_indicator({ id: "costbasis-near-liquidation", include_history: true }) get_series({ ids: ["cx.market.secured.supply_costbasis_within_20", "cx.market.secured.supply_costbasis_within_10", "cx.market.secured.supply_costbasis_within_30"] }) |
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