{"uid":"cap_ZEdhpLon5d6o06Og4tGbz","slug":"glassnode-puell-multiple-btc-469a174d","name":"Glassnode Puell Multiple (BTC)","description":"Puell Multiple — Puell Multiple is the ratio of the daily issuance value of bitcoins (in USD) to the 365-day moving average of daily issuance value. Data by Glassnode.","url":"https://x402.glassnode.com/v1/metrics/indicators/puell_multiple","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"],"type":"string","description":"Asset symbol, e.g. BTC, ETH"},"c":{"enum":["native"],"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_pNaZma6SE_Yplmn6gwGOT","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 the Puell Multiple for Bitcoin — the ratio of daily BTC issuance value in USD to its 365-day moving average — as a time-series metric.","exampleAgentPrompt":"Can you pull the latest Puell Multiple data for BTC from Glassnode in JSON format so I can see whether miner issuance value is elevated or depressed relative to its 365-day average?","exampleUseCases":[{"title":"Monitor miner profitability during bull markets","prompt":"Track the Puell Multiple for Bitcoin over the last three months and alert me if it spikes above 3—that usually signals miners are getting greedy and we might be near a market top."},{"title":"Assess mining ecosystem stress levels","prompt":"Pull the Puell Multiple time series for BTC and help me identify periods when miners were under maximum stress—those low points often mark good buying opportunities for long-term holders."},{"title":"Build on-chain mining health dashboard","prompt":"Fetch the daily Puell Multiple data for Bitcoin going back two years so I can create a chart showing how miner revenue stress has evolved and overlay it with price movements."}],"resultDescription":"Returns a time-series array of objects, each with a Unix timestamp (t) and the Puell Multiple value (v), representing the ratio of daily BTC issuance value in USD to the 365-day moving average of daily issuance value at daily resolution.","failureModes":["Missing required 'a' query parameter (asset symbol) returns 400 error","Invalid asset symbol (non-BTC value) returns 400 or empty result","Payment not included or insufficient USDC returns 402 Payment Required","Network timeout or Glassnode data unavailability returns 503","Invalid format enum value returns 400 error"],"whenToPreferThis":"Use this endpoint when you need to assess Bitcoin miner revenue health relative to historical norms, identify potential market cycle tops/bottoms via miner stress signals, or build dashboards tracking on-chain mining economics. Prefer this over generic price APIs when the analysis requires issuance-value context rather than spot price.","instructions":null,"reviewSummary":null,"reviewSummaryHighlights":null,"reviewSummaryConcerns":null,"reviewSummaryGeneratedAt":null,"activationCount":0,"lastUsedAt":null,"lastSuccessfullyRanAt":null,"lastHealthCheckAt":"2026-09-15T07:11:12.286Z","isFirstParty":false}