DAT Cumulative Money Flow

Cumulative USD flow from DAT net changes

Property	Value
Category	Digital Asset Treasuries
Unit	USD
Resolution	1d
Assets	BTC
Tier	Basic
API Endpoint	GET /v1/dat/aggregate
Field	cumulative_money_flow

Overview

DAT Cumulative Money Flow tracks the running total of USD-denominated capital flows into and out of institutional and sovereign Bitcoin holdings. Each day's BTC net change is valued at that day's BTC price and added to the cumulative total.

This metric answers: "How much USD-denominated capital has been deployed into (or withdrawn from) institutional BTC positions over time?"

Formula

$$\text{Cumulative Money Flow}_t = \sum_{d=1}^{t} \left( \text{Net Change}_d \times P_d \right)$$

Where $\text{Net Change}_d$ is the daily change in total DAT BTC holdings and $P_d$ is the BTC price on day $d$.

Interpretation

• Rising curve: Net capital is flowing into institutional BTC positions. Steeper slopes indicate larger or more frequent purchases at current prices.
• Flattening: Institutions are pausing accumulation — holdings stable, no new capital deployed.
• Declining: Institutions are distributing BTC — capital is flowing out. This is rare but can occur during government auctions or forced liquidations.
• Comparison with price: If cumulative money flow rises while BTC price drops, institutions are accumulating at discounted prices (conviction buying).

Use Cases

• Capital commitment tracking: Quantify the total USD capital institutions have deployed into Bitcoin over time.
• ETF comparison: Compare institutional treasury flows with ETF flows to understand which channel drives more capital into Bitcoin.
• Realized value analysis: Unlike simple BTC count, this metric weights each day's accumulation by the price paid, reflecting actual capital at risk.
• Macro context: Track institutional Bitcoin capital deployment against macro events (rate decisions, inflation prints, geopolitical shifts).

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"

Related Metrics

• DAT BTC Net Change — Daily net change in total DAT BTC
• DAT BTC Holdings — Total BTC held by institutions, governments, and other entities
• DAT BTC USD Value — USD value of all DAT BTC
• ETF Cumulative Money Flow — Cumulative USD invested into ETFs