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Glassnode Market Cap to Thermocap Ratio
x402
Glassnode Market Cap to Thermocap Ratio is a paid API for AI agents from x402.glassnode.com, paid per call via x402, $0.05/call, status unknown (last checked 2026-09-13).
Returns the historical Market Cap to Thermocap Ratio for BTC or ETH, measuring whether price trades at a premium relative to cumulative miner security spend.
Price / call$0.05
Success—
StatusUnknown
How this service works
Market Cap to Thermocap Ratio — Market Cap to Thermocap Ratio is the ratio of Market Cap to Thermocap, used to assess whether the asset's price is currently trading at a premium with respect to total security spend by miners. Data by Glassnode.
Output
An array of timestamped data points, each containing a Unix timestamp (t) and the Market Cap to Thermocap Ratio value (v), representing daily snapshots of how Bitcoin's or Ethereum's market cap compares to cumulative thermocap (total miner security expenditure).
Example use cases
Example prompt
“Pull the Glassnode Market Cap to Thermocap Ratio for BTC in JSON format so I can see whether Bitcoin is currently trading at a historical premium relative to total miner security spend.”
Technical details
Endpoint
GEThttps://x402.glassnode.com/v1/metrics/mining/marketcap_thermocap_ratioWhen to prefer
Use this endpoint when you need to assess whether Bitcoin or Ethereum is currently overvalued relative to cumulative miner security spend (thermocap), a classic on-chain signal used to identify market cycle tops and bottoms. Prefer this over price-only metrics when performing macro cycle analysis or on-chain valuation research.
Side effects
- Missing required 'a' (asset) query parameter returns 400 error
- Unsupported asset symbol (not BTC or ETH) returns validation error
- Payment not included or insufficient USDC results in 402 Payment Required
- Invalid format parameter returns 400 error
- Network or upstream Glassnode data unavailability causes 503 or timeout
Input
Schema · Request body
| Field | Type | Description |
|---|---|---|
| inputrequired | object | |
| output | object |
Tags
x402
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