The Bitcoin Credit Stack
rates are percent a year, continuously compounded · figures as of 2026-10-13 · read 2026-10-13 14:43 UTC
Indicators › Size and leverage › Weekly change in bitcoin-secured credit, matched venues

Weekly change in bitcoin-secured credit, matched venues

credit-weekly-change

Q4. The change over 7 days in debt and in collateral across only the venues read on both dates, with and without venues the integrity check flags. The finding built on it (no co-movement with old-coin spending) is published on the site. Descriptive, not a signal.

Latest reading
0.0038
2026-10-13 · derived
Unitsratio
Computed at2026-10-13
Historyserved

Methodology descriptive · CX1 Q4

What it measures. The change over 7 days in bitcoin-secured debt and in bitcoin collateral, for the market and each class, across only the venues read on both dates, so venues entering or leaving never count as growth.

Variants. Each series has an _unflagged twin that also leaves out venues the daily integrity check flags as a move on that date. Desk collateral is left out: it is partly price-derived.

What was found. Built on these series, the test of borrowing instead of selling found no co-movement with old-coin spending; see Findings on the indicators page. Correlations are computed from the series and never stored.

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

Weekly change in secured debt, matched venues

The change over 7 days across only the venues read on both dates. The collateral and per-class series, and the versions without flagged venues, are in the reading and on the explorer. From 2022-09-19, one credit cycle; weekly (Mondays) plus the latest day.

2026-10-13Secured debt 0.0038
-0.4-0.200.20.4ratio2023202420252026
Secured debt

Mondays are drawn here; every day is in the explorer. Open in the explorer →

What this cannot be read as

Change over 7 days in debt in dollar loans across the venues the credit tree read on both dates (84; 99.8% of the current total), so venues arriving or leaving never enter. Observational: one credit cycle, from 2022-09-19.

https://www.bitcoincreditstack.com/indicators/credit-weekly-change

Full payload

Every field as the API serves it
idcredit-weekly-change
nameWeekly change in bitcoin-secured credit, matched venues
measureCX-Q4
questionHow did bitcoin-secured debt and collateral change week on week, across only the venues read on both dates?
headlinecx.market.secured.debt_matched_weekly_change
sourceDerived in the vintage store from credit_tree venue figures
series
14 entries
[
  {
    "series_id": "cx.market.secured.debt_matched_weekly_change",
    "date": "2026-10-13",
    "value": 0.003796253293603,
    "unit": "ratio",
    "kind": "derived",
    "matched": 84,
    "vintages": [
      "credit_tree@2026-10-06T07:55:00.433Z",
      "credit_tree@2026-10-13T07:55:00.554Z"
    ],
    "prior_date": "2026-10-06",
    "matched_share": 0.998351,
    "limitation": "Change over 7 days in debt in dollar loans across the venues the credit tree read on both dates (84; 99.8% of the current total), so venues arriving or leaving never enter. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.531Z"
  },
  {
    "series_id": "cx.class.algorithmic.collateral_matched_weekly_change",
    "date": "2026-10-13",
    "value": 0.000169371118057,
    "unit": "ratio",
    "kind": "derived",
    "matched": 76,
    "vintages": [
      "credit_tree@2026-10-06T07:55:00.433Z",
      "credit_tree@2026-10-13T07:55:00.554Z"
    ],
    "prior_date": "2026-10-06",
    "matched_share": 0.991868,
    "limitation": "Change over 7 days in bitcoin collateral across the venues the credit tree read on both dates (76; 99.2% of the current total), so venues arriving or leaving never enter. Desk collateral is left out: it is partly price-derived. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.531Z"
  },
  {
    "series_id": "cx.class.algorithmic.collateral_matched_weekly_change_unflagged",
    "date": "2026-10-13",
    "value": 0.000169602268341,
    "unit": "ratio",
    "kind": "derived",
    "matched": 75,
    "excluded": [
      "aave_v3_monad"
    ],
    "vintages": [
      "credit_tree@2026-10-06T07:55:00.433Z",
      "credit_tree@2026-10-13T07:55:00.554Z"
    ],
    "check_runs": [
      "2026-10-06T10:28:35.872Z",
      "2026-10-07T08:05:03.683Z",
      "2026-10-08T08:05:04.836Z",
      "2026-10-09T08:05:03.416Z",
      "2026-10-12T08:05:11.623Z",
      "2026-10-13T08:05:10.970Z"
    ],
    "prior_date": "2026-10-06",
    "matched_share": 0.991831,
    "limitation": "Change over 7 days in bitcoin collateral across the venues the credit tree read on both dates (75; 99.2% of the current total), so venues arriving or leaving never enter. Desk collateral is left out: it is partly price-derived. Also leaves out venues the daily integrity check flags as a move on this date (attrs.excluded): a flag means no cause was found or the kind changed, not necessarily a fault. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.531Z"
  },
  {
    "series_id": "cx.class.algorithmic.debt_matched_weekly_change",
    "date": "2026-10-13",
    "value": 0.014795826286219,
    "unit": "ratio",
    "kind": "derived",
    "matched": 69,
    "vintages": [
      "credit_tree@2026-10-06T07:55:00.433Z",
      "credit_tree@2026-10-13T07:55:00.554Z"
    ],
    "prior_date": "2026-10-06",
    "matched_share": 0.993864,
    "limitation": "Change over 7 days in debt in dollar loans across the venues the credit tree read on both dates (69; 99.4% of the current total), so venues arriving or leaving never enter. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.531Z"
  },
  {
    "series_id": "cx.class.algorithmic.debt_matched_weekly_change_unflagged",
    "date": "2026-10-13",
    "value": 0.014795826286219,
    "unit": "ratio",
    "kind": "derived",
    "matched": 69,
    "excluded": [],
    "vintages": [
      "credit_tree@2026-10-06T07:55:00.433Z",
      "credit_tree@2026-10-13T07:55:00.554Z"
    ],
    "check_runs": [
      "2026-10-06T10:28:35.872Z",
      "2026-10-07T08:05:03.683Z",
      "2026-10-08T08:05:04.836Z",
      "2026-10-09T08:05:03.416Z",
      "2026-10-12T08:05:11.623Z",
      "2026-10-13T08:05:10.970Z"
    ],
    "prior_date": "2026-10-06",
    "matched_share": 0.993864,
    "limitation": "Change over 7 days in debt in dollar loans across the venues the credit tree read on both dates (69; 99.4% of the current total), so venues arriving or leaving never enter. Also leaves out venues the daily integrity check flags as a move on this date (attrs.excluded): a flag means no cause was found or the kind changed, not necessarily a fault. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.531Z"
  },
  {
    "series_id": "cx.class.minted.collateral_matched_weekly_change",
    "date": "2026-10-13",
    "value": -0.119155417590395,
    "unit": "ratio",
    "kind": "derived",
    "matched": 5,
    "vintages": [
      "credit_tree@2026-10-06T07:55:00.433Z",
      "credit_tree@2026-10-13T07:55:00.554Z"
    ],
    "prior_date": "2026-10-06",
    "matched_share": 1,
    "limitation": "Change over 7 days in bitcoin collateral across the venues the credit tree read on both dates (5; 100.0% of the current total), so venues arriving or leaving never enter. Desk collateral is left out: it is partly price-derived. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.531Z"
  },
  {
    "series_id": "cx.class.minted.collateral_matched_weekly_change_unflagged",
    "date": "2026-10-13",
    "value": -0.119155417590395,
    "unit": "ratio",
    "kind": "derived",
    "matched": 5,
    "excluded": [],
    "vintages": [
      "credit_tree@2026-10-06T07:55:00.433Z",
      "credit_tree@2026-10-13T07:55:00.554Z"
    ],
    "check_runs": [
      "2026-10-06T10:28:35.872Z",
      "2026-10-07T08:05:03.683Z",
      "2026-10-08T08:05:04.836Z",
      "2026-10-09T08:05:03.416Z",
      "2026-10-12T08:05:11.623Z",
      "2026-10-13T08:05:10.970Z"
    ],
    "prior_date": "2026-10-06",
    "matched_share": 1,
    "limitation": "Change over 7 days in bitcoin collateral across the venues the credit tree read on both dates (5; 100.0% of the current total), so venues arriving or leaving never enter. Desk collateral is left out: it is partly price-derived. Also leaves out venues the daily integrity check flags as a move on this date (attrs.excluded): a flag means no cause was found or the kind changed, not necessarily a fault. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.531Z"
  },
  {
    "series_id": "cx.class.minted.debt_matched_weekly_change",
    "date": "2026-10-13",
    "value": -0.068247996162902,
    "unit": "ratio",
    "kind": "derived",
    "matched": 4,
    "vintages": [
      "credit_tree@2026-10-06T07:55:00.433Z",
      "credit_tree@2026-10-13T07:55:00.554Z"
    ],
    "prior_date": "2026-10-06",
    "matched_share": 1,
    "limitation": "Change over 7 days in debt in dollar loans across the venues the credit tree read on both dates (4; 100.0% of the current total), so venues arriving or leaving never enter. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.531Z"
  },
  {
    "series_id": "cx.class.minted.debt_matched_weekly_change_unflagged",
    "date": "2026-10-13",
    "value": -0.068247996162902,
    "unit": "ratio",
    "kind": "derived",
    "matched": 4,
    "excluded": [],
    "vintages": [
      "credit_tree@2026-10-06T07:55:00.433Z",
      "credit_tree@2026-10-13T07:55:00.554Z"
    ],
    "check_runs": [
      "2026-10-06T10:28:35.872Z",
      "2026-10-07T08:05:03.683Z",
      "2026-10-08T08:05:04.836Z",
      "2026-10-09T08:05:03.416Z",
      "2026-10-12T08:05:11.623Z",
      "2026-10-13T08:05:10.970Z"
    ],
    "prior_date": "2026-10-06",
    "matched_share": 1,
    "limitation": "Change over 7 days in debt in dollar loans across the venues the credit tree read on both dates (4; 100.0% of the current total), so venues arriving or leaving never enter. Also leaves out venues the daily integrity check flags as a move on this date (attrs.excluded): a flag means no cause was found or the kind changed, not necessarily a fault. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.531Z"
  },
  {
    "series_id": "cx.class.posted-card.debt_matched_weekly_change",
    "date": "2026-10-13",
    "value": 0,
    "unit": "ratio",
    "kind": "derived",
    "matched": 10,
    "vintages": [
      "credit_tree@2026-10-06T07:55:00.433Z",
      "credit_tree@2026-10-13T07:55:00.554Z"
    ],
    "prior_date": "2026-10-06",
    "matched_share": 1,
    "limitation": "Change over 7 days in debt in dollar loans across the venues the credit tree read on both dates (10; 100.0% of the current total), so venues arriving or leaving never enter. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.531Z"
  },
  {
    "series_id": "cx.class.posted-card.debt_matched_weekly_change_unflagged",
    "date": "2026-10-13",
    "value": 0,
    "unit": "ratio",
    "kind": "derived",
    "matched": 10,
    "excluded": [],
    "vintages": [
      "credit_tree@2026-10-06T07:55:00.433Z",
      "credit_tree@2026-10-13T07:55:00.554Z"
    ],
    "check_runs": [
      "2026-10-06T10:28:35.872Z",
      "2026-10-07T08:05:03.683Z",
      "2026-10-08T08:05:04.836Z",
      "2026-10-09T08:05:03.416Z",
      "2026-10-12T08:05:11.623Z",
      "2026-10-13T08:05:10.970Z"
    ],
    "prior_date": "2026-10-06",
    "matched_share": 1,
    "limitation": "Change over 7 days in debt in dollar loans across the venues the credit tree read on both dates (10; 100.0% of the current total), so venues arriving or leaving never enter. Also leaves out venues the daily integrity check flags as a move on this date (attrs.excluded): a flag means no cause was found or the kind changed, not necessarily a fault. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.531Z"
  },
  {
    "series_id": "cx.market.secured.collateral_matched_weekly_change",
    "date": "2026-10-13",
    "value": -0.001018849925571,
    "unit": "ratio",
    "kind": "derived",
    "matched": 82,
    "vintages": [
      "credit_tree@2026-10-06T07:55:00.433Z",
      "credit_tree@2026-10-13T07:55:00.554Z"
    ],
    "prior_date": "2026-10-06",
    "matched_share": 0.991939,
    "limitation": "Change over 7 days in bitcoin collateral across the venues the credit tree read on both dates (82; 99.2% of the current total), so venues arriving or leaving never enter. Desk collateral is left out: it is partly price-derived. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.531Z"
  },
  {
    "series_id": "cx.market.secured.collateral_matched_weekly_change_unflagged",
    "date": "2026-10-13",
    "value": -0.001018664914395,
    "unit": "ratio",
    "kind": "derived",
    "matched": 81,
    "excluded": [
      "aave_v3_monad"
    ],
    "vintages": [
      "credit_tree@2026-10-06T07:55:00.433Z",
      "credit_tree@2026-10-13T07:55:00.554Z"
    ],
    "check_runs": [
      "2026-10-06T10:28:35.872Z",
      "2026-10-07T08:05:03.683Z",
      "2026-10-08T08:05:04.836Z",
      "2026-10-09T08:05:03.416Z",
      "2026-10-12T08:05:11.623Z",
      "2026-10-13T08:05:10.970Z"
    ],
    "prior_date": "2026-10-06",
    "matched_share": 0.991903,
    "limitation": "Change over 7 days in bitcoin collateral across the venues the credit tree read on both dates (81; 99.2% of the current total), so venues arriving or leaving never enter. Desk collateral is left out: it is partly price-derived. Also leaves out venues the daily integrity check flags as a move on this date (attrs.excluded): a flag means no cause was found or the kind changed, not necessarily a fault. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.531Z"
  },
  {
    "series_id": "cx.market.secured.debt_matched_weekly_change_unflagged",
    "date": "2026-10-13",
    "value": 0.003796253293603,
    "unit": "ratio",
    "kind": "derived",
    "matched": 84,
    "excluded": [],
    "vintages": [
      "credit_tree@2026-10-06T07:55:00.433Z",
      "credit_tree@2026-10-13T07:55:00.554Z"
    ],
    "check_runs": [
      "2026-10-06T10:28:35.872Z",
      "2026-10-07T08:05:03.683Z",
      "2026-10-08T08:05:04.836Z",
      "2026-10-09T08:05:03.416Z",
      "2026-10-12T08:05:11.623Z",
      "2026-10-13T08:05:10.970Z"
    ],
    "prior_date": "2026-10-06",
    "matched_share": 0.998351,
    "limitation": "Change over 7 days in debt in dollar loans across the venues the credit tree read on both dates (84; 99.8% of the current total), so venues arriving or leaving never enter. Also leaves out venues the daily integrity check flags as a move on this date (attrs.excluded): a flag means no cause was found or the kind changed, not necessarily a fault. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.531Z"
  }
]
methodology
urlhttps://www.bitcoincreditstack.com/indicators/credit-weekly-change
noteChanges to how a measure is derived are recorded in the runbook and every published version is kept (as_known_on).
sampleOne credit cycle, from 2022-09-19: observational. Descriptive, not a forecast or a signal, and not an index.

Where this comes from

REST
GET https://api.bitcoincreditstack.com/v1/market/measure/credit-weekly-change
MCP
get_indicator({ id: "credit-weekly-change" })
get_indicator({ id: "credit-weekly-change", include_history: true })

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