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Free-stack L1 research (Coin Metrics, DefiLlama stables, mempool.space) — MVRV is a profit-regime proxy, not Glassnode % of holders in profit. Feed live / partial / mock.
Free-stack L1 series — Coin Metrics Community, DefiLlama stables, mempool.space — not a Glassnode clone. MVRV is a profit-regime proxy. % of holders in profit stays n/a on the free path — never invented from MVRV. Research terminal — no OMS, not a wallet. Feeds live / partial / mock.
Soft refresh every 5–15m via BFF (5m cache · s-maxage=120) — no venue storm, no Glassnode. Last 13:57:56 UTC.
DefiLlama circulating only — not issuer mint/burn, not Glassnode. Missing series stay —.
Tron vs ETH from DefiLlama chainCirculating only — never estimated, not Glassnode. Missing split stays —.
Free stack
BTC network series (Coin Metrics) · mempool radar · multi-chain stables (DefiLlama).
MVRV elevated — historically more room for distribution. Not % addresses in profit. Source: Coin Metrics CapMVRVCur.
Free path uses Coin Metrics CapMVRVCur. This is not Glassnode percent-addresses-in-profit, NUPL, or SOPR. A paid GLASSNODE_API_KEY is optional later — the free stack does not synthesize a holder-count %.
Fee histogram: 183 listed bins (mempool.space). Not interpolated.
Circulating supply (CM): 20,090,214 BTC
Positive net = more native units moving to labeled exchanges (sell-side pressure heuristic). Negative = net withdrawal. Labels are Coin Metrics exchange aggregates, not a full entity graph.
Multi-chain circulating from DefiLlama only — liquidity backdrop for crypto options risk. Not issuer mint/burn, not Glassnode.
Chain split Tron $92.47B · ETH $73.31B (DefiLlama chainCirculating)
| Notional | USD | Note | Tx |
|---|---|---|---|
| 26.058 BTC | $2.18M | Large confirmed transfer (≥$100k) · block 969005 | 9bed591fb2… |
| 1.6745 BTC | $140.22K | Large confirmed transfer (≥$100k) · block 969005 | f5cdaca6af… |
| 0.6054 BTC | $50.69K | Confirmed tip-block transfer · block 969005 | 0bbc7c328f… |
| 0.5539 BTC | $46.38K | Confirmed tip-block transfer · block 969005 | d0660e57cd… |
| 0.2324 BTC | $19.46K | Confirmed tip-block transfer · block 969005 | bdeea79722… |
| 0.1882 BTC | $15.76K | Confirmed tip-block transfer · block 969005 | da61d303ae… |
| 0.1392 BTC | $11.65K | Confirmed tip-block transfer · block 969005 | 27ec4025e5… |
| 0.0945 BTC | $7.91K | Confirmed tip-block transfer · block 969005 | c77a5bf957… |
| 0.0287 BTC | $2.4K | Confirmed tip-block transfer · block 969005 | eb4d2982ab… |
| 0.0285 BTC | $2.39K | Confirmed tip-block transfer · block 969005 | 1ab6a881b9… |
| 0.0281 BTC | $2.36K | Confirmed tip-block transfer · block 969005 | ce1412ff4a… |
| 0.0184 BTC | $1.54K | Confirmed tip-block transfer · block 969005 | 264edf843c… |
| 0.027 BTC | $2.26K | Mempool transfer (unconfirmed) | 721e67ffa5… |
| 0.0004 BTC | $34.94 | Mempool transfer (unconfirmed) | 53178aa10d… |
| 0.0004 BTC | $33.94 | Mempool transfer (unconfirmed) | 3fadeba6ff… |
| 0.0004 BTC | $32.94 | Mempool transfer (unconfirmed) | 9fff074e27… |