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What it measures

Composite index (0–100) aggregating 10 binary on-chain and market metrics (network activity, investor profitability, demand, liquidity, momentum) — each scored 1 (bullish) or 0 (bearish)

How to interpret it

The primary market regime classifier. Determines how all other metrics should be interpreted — especially whether the Trader Realized Price acts as support or resistance.

Key thresholds

80–100 = “Extra Bullish” (seen at 126KATHOct2025);6080=Bullmarket;50=Neutral;sustainedbelow40=Bearmarket;20=Deepbear(Jan2023bottom,Mar2025,Nov2025);0=Maximumbearish(Feb2026at126K ATH Oct 2025); 60–80 = Bull market; 50 = Neutral; sustained below 40 = Bear market; 20 = Deep bear (Jan 2023 bottom, Mar 2025, Nov 2025); 0 = Maximum bearish (Feb 2026 at 75K)

How to use it

The regime classifier for all other metrics. Bitcoin only sustains major rallies when score ≥ 60. Trader Realized Price = support when ≥ 60, resistance when ≤ 40. Recovery above 40 with positive apparent demand and recovering ETF flows = bull market re-entry signal.

Run this metric in CryptoQuant Analytics

Authorizations

Authorization
string
header
default:Bearer <YOUR_API_KEY>
required

For each API request, include the Authorization HTTP header with Bearer <YOUR_API_KEY>.

Query Parameters

window
string
default:day

Time interval for aggregation.

from
string

Starting time, formatted as YYYYMMDDTHHMMSS (UTC). If window=day, YYYYMMDD is also accepted.

to
string

Ending time, formatted as YYYYMMDDTHHMMSS (UTC). If window=day, YYYYMMDD is also accepted.

limit
integer
default:100

Maximum number of data rows to return. Ranges from 1 to 10,000.

Required range: 1 <= x <= 10000

Response

200 - application/json

market regime

status
object
required

Returned with every response; indicates whether the request was successful.

Example:
result
object
required