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DAT BTC Net Change

Daily net change in total DAT BTC

PropertyValue
CategoryDigital Asset Treasuries
UnitBTC
Resolution1d
AssetsBTC
TierBasic
API EndpointGET /v1/dat/aggregate
Fieldnet_change_btc

Overview​

DAT BTC Net Change measures the daily change in total Bitcoin held by all tracked institutional entities. Positive values indicate net accumulation across entities, while negative values indicate net distribution.

This metric captures the aggregate flow of Bitcoin into and out of institutional treasuries on a daily basis.

Formula​

Net Changet=Total BTCt−Total BTCt−1\text{Net Change}_t = \text{Total BTC}_t - \text{Total BTC}_{t-1}

Interpretation​

  • Large positive spikes: A major entity made a significant purchase (e.g., Strategy buying 10,000+ BTC). Check per-company data to identify the buyer.
  • Sustained positive flow: Broad-based institutional accumulation — multiple entities adding Bitcoin simultaneously.
  • Negative values: Net selling or distribution. Could be profit-taking, regulatory compliance, or restructuring (e.g., Mt. Gox distributions).
  • Near-zero values: Stable institutional holdings — entities are holding but not actively trading.

Use Cases​

  • Event detection: Large net changes often correspond to public announcements of Bitcoin purchases or sales.
  • Sentiment proxy: Sustained positive net change correlates with bullish institutional sentiment.
  • Supply impact analysis: Compare daily institutional net change with mining issuance (~450 BTC/day) to assess relative demand.

API Usage​

curl -H "Authorization: Bearer YOUR_API_KEY" \
  "https://api.blocklens.co/v1/dat/aggregate?start_date=2024-01-01&end_date=2024-12-31&limit=365"