Secured debt over realised cap
debt-over-realised-cap
Q2a. Bitcoin-secured dollar debt over realised cap. Rests on CoinGecko prices for coins created before 2020-07-13: free, attributed use only. Descriptive, not an index.
| Units | ratio |
|---|---|
| Computed at | 2026-10-12 |
| History | served |
Licence note
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.
Methodology descriptive · CX1 Q2a
What it measures. Bitcoin-secured dollar debt over realised cap: the value of all bitcoin at the price each coin last moved.
Read with care. Debt is what the credit tree read on each date, so coverage steps move it.
Licence. Realised value prices each coin at the day it last moved; for coins created before 2020-07-13 that price comes from CoinGecko. The series is for free, attributed use only, and is never resold or redistributed in bulk.
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
Secured debt over realised cap
Bitcoin-secured dollar debt over the value of all bitcoin at the price each coin last moved. 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
Secured debt (dollar loans, 58 of 128 venues) over realised cap: USD from CoinGecko for coins created before 2020-07-13 and the on-chain basket dollar since. Rests on CoinGecko prices (attrs.coingecko_share): free, attributed surfaces only. Observational: one credit cycle, from 2022-09-19.
https://www.bitcoincreditstack.com/indicators/debt-over-realised-cap
Full payload
Every field as the API serves it
| id | debt-over-realised-cap | ||||
|---|---|---|---|---|---|
| name | Secured debt over realised cap | ||||
| measure | CX-Q2a | ||||
| question | How large is bitcoin-secured dollar debt against the value of all bitcoin at the price each coin last moved? | ||||
| headline | cx.market.secured.debt_over_realised_cap | ||||
| source | Derived in the vintage store: credit_tree ÷ chain_series | ||||
| series | 1 entries[
{
"series_id": "cx.market.secured.debt_over_realised_cap",
"date": "2026-10-12",
"value": 0.006381291713648,
"unit": "ratio",
"kind": "derived",
"licence": "free_attributed_only",
"coverage": {
"in": 58,
"of": 128
},
"coingecko_share": 0.013027,
"limitation": "Secured debt (dollar loans, 58 of 128 venues) over realised cap: USD from CoinGecko for coins created before 2020-07-13 and the on-chain basket dollar since. Rests on CoinGecko prices (attrs.coingecko_share): free, attributed surfaces only. Observational: one credit cycle, from 2022-09-19.",
"vintage_id": "cx@2026-10-13T08:15:00.530Z"
}
] | ||||
| methodology |
| ||||
| licence | free_attributed_only | ||||
| licence_note | 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. | ||||
| 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/debt-over-realised-cap |
|---|---|
| MCP | get_indicator({ id: "debt-over-realised-cap" }) get_indicator({ id: "debt-over-realised-cap", include_history: true }) get_series({ ids: ["cx.market.secured.debt_over_realised_cap"] }) |
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