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api metrics update

API Update: New On-Chain Metrics Added

We’re happy to announce that the BGeometrics API has been expanded with five new Bitcoin on-chain metrics, available immediately to all API subscribers.

New metrics

Thermocap Ratio

The Thermocap Ratio compares the market capitalization of Bitcoin to the cumulative miner revenue (the total amount paid to miners since genesis). When the ratio is low historically, it has coincided with market bottoms.

Endpoint: GET /api/v1/thermocap-ratio

Miner Revenue (USD)

Total daily miner revenue expressed in USD, combining block subsidy and transaction fees. Useful for tracking miner profitability and sell pressure.

Endpoint: GET /api/v1/miner-revenue-usd

Block-level fee data

Via the BGapiBlock service you can now access per-block fee statistics:

  • Average fee in satoshis
  • Median fee in sat/vB
  • Total fees per block

Endpoint: GET /api-block/v1/block-fees

Open Interest (aggregated)

Aggregated Bitcoin futures open interest across major exchanges. Updated every 4 hours.

Endpoint: GET /api/v1/open-interest

Address Activity Ratio

The ratio of active addresses to total addresses, a measure of network health and adoption.

Endpoint: GET /api/v1/address-activity-ratio

How to access

All new endpoints are documented in the Swagger UI. Standard tier users get access to daily snapshots; Advance and Professional tiers get historical data with full date range filtering.

Feedback

We’re always looking to expand the metric library. If there’s a specific on-chain indicator you’d like to see added, reach out on X @BGeometrics or via the contact page.