{"uid":"cap_mvBqmVm2gokdTfCB4AV4H","slug":"dripmetrics-btc-market-microstructure-summary-f46eadbe","name":"DripMetrics BTC Market Microstructure Summary","description":"DripMetricsAI (https://dripmetrics.ai/) BTC market summary: one x402 call returns deterministic microstructure signals and metrics (including raw, baseline, and excess VPIN) computed from the live trade tape and Deribit chain, plus a concise AI-written explanation. Hedged historical tendencies only - no price targets or trade recommendations.","url":"https://api.dripmetrics.ai/market/summary","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":[],"properties":{"pair":{"enum":["BTC","BTCUSDT","BTC-USD"],"type":"string","description":"BTC-only in this phase. Optional; defaults to BTC."},"window":{"enum":["30m","1h","2h","3h"],"type":"string","description":"Lookback window for the trade-tape signals. Defaults to 30m."}},"additionalProperties":false}},"additionalProperties":false},"output":{"type":"object","required":["type"],"properties":{"type":{"type":"string"},"example":{"type":"object","required":["pair","window","asOf","lastPrice","confidence","signals","metrics","summary","summaryModel","disclaimer","sampleSize","coverage","source"],"properties":{"asOf":{"type":"string","format":"date-time"},"pair":{"type":"string","const":"BTC"},"source":{"type":"object"},"window":{"enum":["30m","1h","2h","3h"],"type":"string"},"metrics":{"type":"object","additionalProperties":{"type":["number","null"]}},"signals":{"type":"object","required":["orderFlow","flowToxicity","liquidity","volatility","priceTrend","activity","largeTraderShare","dealerGamma","volRiskPremium"],"properties":{"activity":{"anyOf":[{"enum":["quiet","normal","busy"],"type":"string"},{"type":"null"}]},"liquidity":{"anyOf":[{"enum":["deep","normal","thin"],"type":"string"},{"type":"null"}]},"orderFlow":{"anyOf":[{"enum":["strong-selling","sell-leaning","balanced","buy-leaning","strong-buying"],"type":"string"},{"type":"null"}]},"priceTrend":{"anyOf":[{"enum":["falling","drifting-lower","flat","drifting-higher","rising"],"type":"string"},{"type":"null"}]},"volatility":{"anyOf":[{"enum":["subdued","normal","elevated","extreme"],"type":"string"},{"type":"null"}]},"dealerGamma":{"anyOf":[{"enum":["dampening","neutral","amplifying"],"type":"string"},{"type":"null"}]},"flowToxicity":{"anyOf":[{"enum":["low","moderate","elevated","high"],"type":"string"},{"type":"null"}]},"volRiskPremium":{"anyOf":[{"enum":["options-rich","fair","options-cheap"],"type":"string"},{"type":"null"}]},"largeTraderShare":{"anyOf":[{"enum":["low","typical","high"],"type":"string"},{"type":"null"}]}},"additionalProperties":false},"summary":{"type":["string","null"],"description":"AI-written explanation of the signals. Null only if generation failed; the deterministic payload is still returned."},"coverage":{"type":"object"},"lastPrice":{"type":["number","null"]},"confidence":{"type":"number","maximum":1,"minimum":0},"disclaimer":{"type":"string","description":"Fixed informational-use disclaimer; never LLM-generated."},"sampleSize":{"type":"object"},"summaryError":{"type":"string"},"summaryModel":{"type":["string","null"]}},"additionalProperties":false}}}}},"responseSchema":{"type":"json","example":{"asOf":"2026-07-15T14:00:00.000Z","pair":"BTC","source":{"chain":"https://www.deribit.com/api/v2/public/get_book_summary_by_currency?currency=BTC&kind=option","index":"https://www.deribit.com/api/v2/public/get_index_price?index_name=btc_usd","trades":"DripMetrics BTC trade cache","summary":"Claude (Anthropic), constrained to the deterministic signals in this payload"},"window":"30m","metrics":{"vpin":0.38,"cvdBase":-212.4,"kyleLambda":2.47191e-7,"vrpVolPoints":0.062,"gammaFlipLevel":104800.5,"largeTradeShare":0.22,"tradesPerMinute":812.4,"buySellImbalance":-0.14,"gexNetUsdPer1Pct":182000000,"momentumLogReturn":-0.0021,"realizedVolAnnualized":0.52,"kyleLambdaDollarsPer1Bp":418387.7},"signals":{"activity":"busy","liquidity":"normal","orderFlow":"sell-leaning","priceTrend":"drifting-lower","volatility":"normal","dealerGamma":"dampening","flowToxicity":"elevated","volRiskPremium":"options-rich","largeTraderShare":"typical"},"summary":"BTC order flow over the last 30 minutes is modestly sell-side, with cumulative volume delta around -212 BTC and elevated VPIN pointing to a meaningful informed component in the selling — a configuration historically associated with continued short-term pressure. Liquidity remains normal at roughly $418k of flow per basis point, so the selling is being absorbed without outsized impact. The notable tension is between the tape and the options market: positive dealer gamma tends to dampen moves, and implied volatility trades rich to realized, so options are pricing more movement than the tape is delivering. A microstructure-aware trader would watch whether elevated VPIN persists as price approaches the gamma flip level near 104,800.","coverage":{"partialData":false,"errorMessage":null,"completeFetch":true,"coverageRatio":1,"effectiveWindowMinutes":30,"requestedWindowMinutes":30},"lastPrice":108050.2,"confidence":0.94,"disclaimer":"Informational description of observed market conditions and their historical tendencies; not investment advice or a trade recommendation.","sampleSize":{"trades":24310,"optionsInstruments":612},"summaryModel":"claude-opus-4-8"}},"example":null,"exampleRequest":null,"tags":["x402"],"displayCostAmount":"0.25","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":"$0.25/call","primary":{"kind":"static","protocol":"x402","network":"base","amountUsd":"0.25","per":"call","confidence":"exact"},"accepted":[{"kind":"static","protocol":"x402","network":"base","amountUsd":"0.25","per":"call","confidence":"exact"}]},"paymentMethods":[{"uid":"pm_BUnOCZWfLx_scxl7cnl1R","protocol":"x402","methodType":"crypto","chain":"base","mode":"charge","costAmount":"0.25","costPer":"request","priority":0,"asset":"0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913","unit":"request","depositMicros":null,"planRef":null}],"brandName":null,"brandSlug":null,"brandBaseUrl":null,"brandDocsUrl":null,"whatItDoes":"Returns deterministic BTC market microstructure signals (order flow, VPIN toxicity, Kyle-lambda liquidity, realized vol, dealer gamma, variance risk premium) plus an AI-written narrative explanation for a given lookback window.","exampleAgentPrompt":"Pull the BTC microstructure summary from DripMetrics for the last 1-hour window — I want to see order flow, flow toxicity, dealer gamma, and the AI explanation of current market conditions.","exampleUseCases":null,"resultDescription":"A structured JSON object containing: labeled signals (orderFlow, flowToxicity, liquidity, volatility, priceTrend, activity, dealerGamma, volRiskPremium each as human-readable enums), raw numeric metrics, the last BTC price, a confidence score, an AI-written narrative summary of microstructure conditions, the model used for the summary, a disclaimer, sample size, coverage metadata, and the data source object. All signals are computed from the live trade tape and Deribit options chain.","failureModes":["Insufficient trade tape data for the requested window returns null signals or reduced confidence","Invalid pair value (non-BTC) returns a validation error","Invalid window value returns a 400-class error","Payment failure (x402) returns 402 Payment Required with no data","API unavailability returns 5xx error","Deribit chain data lag may result in stale options-derived metrics"],"whenToPreferThis":"Use this endpoint when you need a fast, self-contained BTC market microstructure read combining both trade tape signals and options chain data in a single call with an AI narrative. Prefer over raw exchange data feeds when you need pre-computed, labeled signals (VPIN, Kyle-lambda, dealer gamma) without building your own analytics pipeline. Best for agents that need a structured, actionable microstructure snapshot with plain-English explanation rather than raw tick data.","instructions":null,"reviewSummary":null,"reviewSummaryHighlights":null,"reviewSummaryConcerns":null,"reviewSummaryGeneratedAt":null,"activationCount":0,"lastUsedAt":null,"lastSuccessfullyRanAt":null,"lastHealthCheckAt":"2026-09-14T06:35:29.163Z","isFirstParty":false}