{"uid":"cap_AyorfoprrWpZ3VQiNY2U5","slug":"glassnode-investor-capitalization-metric-52bbac68","name":"Glassnode Investor Capitalization Metric","description":"Investor Capitalization — Investor Capitalization is the difference between Realized Cap and Thermocap, discounting the capital paid to miners from the market's general cost basis and serving as a bottom indicator in bear cycles. Data by Glassnode.","url":"https://x402.glassnode.com/v1/metrics/indicators/investor_capitalization","method":"GET","headers":{},"bodySchema":{"type":"object","$schema":"https://json-schema.org/draft/2020-12/schema","required":["input"],"properties":{"input":{"type":"object","required":["type","method"],"properties":{"type":{"type":"string","const":"http"},"method":{"enum":["GET"],"type":"string"},"queryParams":{"type":"object","required":["a"],"properties":{"a":{"enum":["BTC","ETH"],"type":"string","description":"Asset symbol, e.g. BTC, ETH"},"c":{"enum":["usd"],"type":"string","description":"Currency for denominated values, e.g. usd, native"},"f":{"enum":["csv","json"],"type":"string","description":"Response format: json or csv"},"i":{"enum":["24h"],"type":"string","description":"Time interval / resolution, e.g. 24h, 1w, 1month"}}}},"additionalProperties":false},"output":{"type":"object","required":["type"],"properties":{"type":{"type":"string"},"example":{"type":"array","items":{"type":"object","properties":{"t":{"type":"number"},"v":{"type":"number"}}}}}}}},"responseSchema":null,"example":null,"exampleRequest":null,"tags":["x402"],"displayCostAmount":"0.05","displayCostAsset":"USDC","priceDynamic":false,"priceHint":null,"priceStatus":"priced","priceSource":"probe","requiresHandshake":false,"reviewCount":0,"rating":{"score":"0.00","successRate":"0.00","reviews":0,"stars":null,"state":"unrated"},"availabilityStatus":"unknown","priceObserved":null,"sessionDeposit":null,"pricing":{"kind":"static","summary":"$0.05/call","primary":{"kind":"static","protocol":"x402","network":"base","amountUsd":"0.05","per":"call","confidence":"exact"},"accepted":[{"kind":"static","protocol":"x402","network":"base","amountUsd":"0.05","per":"call","confidence":"exact"}]},"paymentMethods":[{"uid":"pm_caz41KUJUmkOf_42wR5aQ","protocol":"x402","methodType":"crypto","chain":"base","mode":"charge","costAmount":"0.05","costPer":"request","priority":0,"asset":"0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913","unit":"request","depositMicros":null,"planRef":null}],"brandName":null,"brandSlug":null,"brandBaseUrl":null,"brandDocsUrl":null,"whatItDoes":"Returns daily time-series data for Bitcoin or Ethereum Investor Capitalization (Realized Cap minus Thermocap), a bear cycle bottom indicator.","exampleAgentPrompt":"Pull the Glassnode investor capitalization metric for Bitcoin in USD — I want to see where it stands today to check if we're near a bear cycle bottom.","exampleUseCases":null,"resultDescription":"A JSON (or CSV) array of time-series objects, each containing a Unix timestamp ('t') and the investor capitalization value ('v') in USD, representing Realized Cap minus Thermocap for the specified asset at daily resolution.","failureModes":["Missing required 'a' query parameter returns a 400 error","Unsupported asset symbol (anything other than BTC or ETH) returns a 422 or 400 error","Payment not provided or invalid results in a 402 Payment Required response","Unsupported currency or format enum value causes a validation error","Rate limiting or quota exhaustion returns a 429 error"],"whenToPreferThis":"Use this endpoint when you need on-chain investor capitalization data specifically derived from Realized Cap minus Thermocap for BTC or ETH, especially for bear cycle bottom identification and long-term market cycle analysis. Prefer this over price-based or sentiment indicators when the user wants a cost-basis-adjusted capitalization metric that strips out miner revenue.","instructions":null,"reviewSummary":null,"reviewSummaryHighlights":null,"reviewSummaryConcerns":null,"reviewSummaryGeneratedAt":null,"activationCount":0,"lastUsedAt":null,"lastSuccessfullyRanAt":null,"lastHealthCheckAt":"2026-09-14T19:00:12.142Z","isFirstParty":false}