21 BTC

Bitcoin desk

hybrid

Bitcoin intelligence · price, flows, on-chain, macro, phase · not advice

as-of London: 2026-09-27 15:50 BST · roundtable 27 Sep 2026 14:55 BST · London

BTC / USD
$84,756
24h +0.9%
Volume 24h
$10.29B
Market cap
$1.70T

Alts vs BTC

live2026-09-28 08:12 BST

BTC.D and alt share vs bitcoin · snapshot · not advice

BTC.D
55.95%
BTC share
Alts
44.05%
market share (TOTAL−BTC)
alt / BTC
0.787
cap ratio
Market cap
$2.99T
BTC $1.67T · alts $1.31T
source: CoinPaprika global · APISnapshot · not advice
Ad / Partner blockLedn · BTC-backed loan

Bitcoin loan calculator

Ledn public APR tiers · typically 50% LTV · min $500

Ledn →
USD

Larger loans qualify for lower rates. Adjust the amount to see how much you can save.

Rate (APR)
Collateral
0.01179857
BTC

~50% LTV · BTC ≈ $84,756 · selected 11.49% APR

Ad / partner block. Figures are illustrative from Ledn public tiers · not an offer · not advice · KYC and jurisdiction matter. Current terms on ledn.io.

Bitcoin-backed credit

Where Bitcoin-collateral loans/credit are offered publicly · banks first · snapshot · not an offer

fixture2026-09-28 08:19 BST

Snapshot only — not an offer or advice. Rates, LTVs and eligibility change by jurisdiction/KYC. We never invent numbers; missing fields show «see site».

Banks

Xapo Bank
bank · high
site →
USD credit/line against BTC
LTV
up to 40% (borrowing ratio)
Rate
on page: ~10.5% variable (see current terms in the app)
Jurisdictions
Gibraltar (GFSC credit institution)
Custody
BTC in Xapo vault; no rehypothecation (per bank statement)
Collateral
BTC

Minimum 0.1 BTC; min loan $1k, max up to $5M on page. Margin call ~65%, liquidation ~80% (FAQ).

as_of 2026-09-28 · retail members (not UK / not Australia for lending)
Sygnum Bank
bank · high
site →
Lombard loan / credit line against digital assets
LTV
see on site
Rate
see on site / via RM
Jurisdictions
Switzerland · Singapore · ADGM (UAE)
Custody
collateral in Sygnum custody; off-balance sheet, bankruptcy-remote, no rehypothecation (per statement)
Collateral
BTC, ETH, USDC, другие (см. сайт)

Swiss banking licence. Credit-line approval usually <1 business day for clients. Public page does not fix LTV/rate — see site / RM.

as_of 2026-09-28 · private qualified + institutional clients
AMINA Bank (ex-SEBA)
bank · high
site →
Loans against crypto and traditional assets
LTV
see on site (rate depends on LTV and tenor)
Rate
see on site / contact — depends on LTV and tenor
Jurisdictions
Switzerland
Custody
collateral at AMINA; segregated / bankruptcy-remote
Collateral
BTC, ETH, SOL, XRP, и др., традиционные активы

Does not promote products outside CH; access is client-initiated. Min tranche CHF 100k.

as_of 2026-09-28 · individuals + corporates; min loan CHF 200,000 (or equivalent)

Lenders / platforms

Ledn
licensed lender (not a bank) · high
site →
BTC-backed loans (custodied)
LTV
typically 50% initial LTV
Rate
public APR tiers on page (e.g. from ~11.49% to ~9.25% by size) — see current on site
Jurisdictions
Canada-founded; availability by country (100+); check eligibility
Custody
custodied; BitGo mentioned in third-party comparisons; ring-fenced / not lent for yield (per Help Center)
Collateral
BTC

Not a bank. Availability and minimums depend on jurisdiction. Liquidation ~80% LTV (Help Center).

as_of 2026-09-28 · retail / private wealth; min $500
Unchained
licensed lender (not a bank) · high
site →
Commercial BTC-backed loans
LTV
example CTP 200% (~50% LTV) on calculator — see on site
Rate
example rates/APR on page; current — pricing page
Jurisdictions
United States (commercial; state licensing / NMLS)
Custody
2-of-3 multisig (borrower + Unchained + Fortis Bank); no rehypothecation
Collateral
BTC

Not a bank (NMLS licences). US commercial loans only; not a consumer loan for resident individuals.

as_of 2026-09-28 · US business entities only; min $150,000
Coinbase Borrow (Morpho)
regulated platform / on-chain (not a bank) · high
site →
USDC loans against crypto via Morpho (Base)
LTV
liquidation at LLTV 86% (Help); starting LTV — see in app
Rate
variable; rate in app (Coinbase fee on top of market) — see on site/in app
Jurisdictions
United States (excl. New York); expansion TBD
Custody
BTC converts 1:1 to cbBTC and is held in the Morpho smart contract
Collateral
BTC (→ cbBTC), ETH, другие eligible

Not a classic bank loan. On-chain Morpho protocol; gas fees sponsored. Proceeds cannot be used to trade on Coinbase (ToS).

as_of 2026-09-28 · verified US customers (excl. NY); up to $5M USDC against BTC (blog May 2026 update)
Two Prime Lending
institutional lender (not a bank) · high
site →
Institutional BTC-backed credit
LTV
see on site (conservative / over-collateralized)
Rate
see on site / on request (institutional terms)
Jurisdictions
United States (SEC RIA / CFTC CTA affiliate; lending via Two Prime Lending Limited)
Custody
qualified custodians; segregated; no rehypothecation; cold storage (per statement)
Collateral
BTC

Not a retail product. Public landing does not fix LTV/rates — contact. Large deals (e.g. MARA) appear in press, but deal terms are not public.

as_of 2026-09-28 · corporate treasuries, miners, family offices, RIAs — institutional
Figure / Figure Markets
licensed lender (not a bank) · medium
site →
Crypto-backed loan (BTC/ETH/SOL)
LTV
see on site
Rate
see on site (public FAQ did not give a stable rate at check time)
Jurisdictions
United States (check eligibility)
Custody
MPC / platform custody — see disclosures on site
Collateral
BTC, ETH, SOL

Client config showed WINDDOWN_DATE 2026-09-23 at check time — product may be winding down; re-check before relying on it.

as_of 2026-09-28 · US retail/eligible — verify residency
Gaps / not included
  • Bank Frick (LI) — Official FAQ: «Bank Frick does not lend against cryptocurrencies.» DIFC branch can arrange credit under DFSA, but that is not a public retail BTC-loan product of LI HQ. source
  • Russian banks — No public Russian-bank offers of BTC-collateral loans found; we do not invent. Global product — see international banks/lenders above.
  • Anchorage Digital Bank — US federal crypto bank; publicly known as a custodian. A retail BTC-loan product on its own pages was not confirmed as a direct bank loan at check time (partner/on-chain channels like Mezo may exist) — not listed as a direct bank BTC loan without a primary page. source
  • No Russian banks with public BTC-collateral lending found.
  • Bank Frick (LI) states it does not lend against crypto.
  • Sygnum/AMINA/Two Prime often publish LTV/rates only via RM — UI shows «see on site».
  • Figure Markets: possible wind-down (config) — re-check.
  • Products depend on KYC/jurisdiction and can change without notice to our snapshot.

Market phase

confidence 73% · simple-v1
Accumulation

Not advice — snapshot phase description

  • ·F&G 70 — risk-on / greed
  • ·ETF supply% Δ1d -0.030
  • ·BTC 24h +0.9% (quiet)
  • ·HL BTC OI ~$3.2B
  • ·halving ~year 2.4 — late/noisy segment (heuristic)
  • ·roundtable: Greed

Fear & Greed

live
Index
70 · Greed

ETF (proxy)

live
BTC AUM
$108.42B
supply 6.444% · Δ1d -0.030 · outflow

Mempool / fees

live
Fastest
3 sat/vB
In mempool
77,591

Hashrate / difficulty

blocked
Hashrate
—
Retarget
—

Perps (HL)

live
Funding
0.0013%
OI BTC
$3.24B

Macro

live
SPX
7,743
Gold
$4,321
Sahm
-0.07
VIX 14.2

Roundtable

live
Regime
Жадность
2026-09-27/1400-London

Events

fixture
Season
552
Token2049 394 · KBW 158

Influencers

fixture
In pack
989
running
Open directory →

Issuance · supply

live2026-09-27 15:52 BST
Circulating
20,090,134 BTC
95.67% of 21M
Left to mine
909,866 BTC
tip #968,850
Block subsidy
3.125 BTC
era until ~Apr 2028
2026 YTD mined
120,344 BTC
year ~163,246 BTC
Year≈ new issuanceSubsidy
2026164,250 BTC3.125
2027164,250 BTC3.125
2028105,525 BTC3.125 then 1.5625
202982,125 BTC1.5625
203082,125 BTC1.5625
203182,125 BTC1.5625
203252,762 BTC1.5625 then 0.78125

Approx = 144 blocks/day × subsidy. Real issuance varies with hashrate/difficulty; leap years noted where relevant.

Holders · buckets

live2026-09-27 18:08 BST

Circulating ref 20,090,134 BTC · blockchain.info/q/totalbc. Do not sum overlapping buckets.

BucketBTC% circQuality
US spot Bitcoin ETFs (institutional wrappers)
12 US spot ETFs (IBIT, FBTC, GBTC, ARKB, BITB, HODL, etc.). supplyPct reported by SoSoValue=6.444.
1,279,2316.37%measured
Public company treasuries
Includes Strategy/MSTR ~846,000 BTC and other listed corporates. May include some miner treasuries.
1,272,8866.34%measured_aggregate
Private company treasuries
284,6551.42%measured_aggregate
Government entities
Includes seized/held sovereign and government-related balances as tracked by that site.
645,5793.21%measured_aggregate
ETFs and Exchanges (combined site bucket)
NOT exchange-only. Broader than US spot ETF figure; overlaps conceptually with us_spot_etf — do not sum with us_spot_etf.
1,601,2087.97%measured_aggregate
DeFi and Other (tracked)
375,7331.87%measured_aggregate
Exchange balances (standalone)
On-chain labeled CEX clusters. Newhedge page total 3,681,008 BTC. Net 24h listed≈-6,219 / 7d≈-28,471. See exchange-reserves pack for per-venue + PoR. Source snapshot 2026-09-27T00:10:14Z (unchanged daily; pull refreshed 2026-09-28 10:19 BST).
3,681,00818.32%measured_aggregate_onchain_labels

Full on-chain retail vs institutional split needs paid analytics (e.g. Glassnode entity clustering). Below is a free-source proxy only.

HODL · wallets and coin age

live2026-09-27 18:22 BST

Large holders (corps, ETFs, states, LTH) + Continuous HODL (Whale Alert) and HODL Waves (UTXO age).

Continuous HODL (Whale Alert)
1,770.30 days
+0.83%
LTH Supply (Newhedge)
16,590,000 BTC
UTXO age ≥1y
63.35%
~12,727,128 BTC est
Continuous HODL vs BTC price
HODL days BTC $Whale Alert →
HODL Waves · UTXO age (% supply)
Newhedge →
0d–1d: +0.45%1d–1w: +2.68%1w–1m: +3.37%1m–3m: +7.35%3m–6m: +5.43%6m–1y: +17.37%1y–2y: +14.79%2y–3y: +6.01%3y–4y: +4.90%4y–5y: +4.10%5y–7y: +7.38%7y–10y: +8.38%10y+: +17.79%
0d–1d 0.5%1d–1w 2.7%1w–1m 3.4%1m–3m 7.3%3m–6m 5.4%6m–1y 17.4%1y–2y 14.8%2y–3y 6.0%3y–4y 4.9%4y–5y 4.1%5y–7y 7.4%7y–10y 8.4%10y+ 17.8%
HolderCategoryBTCTrustSourceShare
Long-term holders (LTH supply, aggregate)
Newhedge LTH Supply cohort total — not a single wallet. Overlaps conceptually with corp/gov/ETF coins that are old enough; do not sum with entity rows.
lth16,590,000medsource →
UTXO age ≥1y (HODL Waves sum)
Sum of Newhedge HODL Waves buckets 1y+ (= 63.35% × circulating). Estimate from age distribution; overlaps with entity treasuries.
lth12,727,128medsource →
US spot Bitcoin ETFs (aggregate)
Linked from holders-split / SoSoValue — custodial aggregate across IBIT, FBTC, GBTC, etc. Do not sum with individual corp rows that may also appear in ETF wrappers. See /desk#holders-split.
etf1,279,231highsource →
Coinbase (labeled cluster)
On-chain labeled exchange cluster from exchange-reserves pack. Prefer /wallet#exchange-reserves for flows. Not official PoR unless noted there.
exchange991,512medsource →
StrategyMSTR
Public company treasury as tracked by BitcoinTreasuries.NET (filings/IR). Balance is entity-reported aggregate, not a single on-chain address.
corp846,000highsource →
Binance (labeled cluster)
On-chain labeled exchange cluster from exchange-reserves pack. Prefer /wallet#exchange-reserves for flows. Not official PoR unless noted there.
exchange729,029highsource →
Bitfinex (labeled cluster)
On-chain labeled exchange cluster from exchange-reserves pack. Prefer /wallet#exchange-reserves for flows. Not official PoR unless noted there.
exchange341,428medsource →
United States
Government / sovereign-related holdings per BitcoinTreasuries.NET. Often seized or publicly disclosed; methodology varies by entity.
gov328,372medsource →
China
Government / sovereign-related holdings per BitcoinTreasuries.NET. Often seized or publicly disclosed; methodology varies by entity.
gov190,000medsource →
Upbit (labeled cluster)
On-chain labeled exchange cluster from exchange-reserves pack. Prefer /wallet#exchange-reserves for flows. Not official PoR unless noted there.
exchange189,851medsource →
Robinhood (labeled cluster)
On-chain labeled exchange cluster from exchange-reserves pack. Prefer /wallet#exchange-reserves for flows. Not official PoR unless noted there.
exchange185,098medsource →
United Kingdom
Government / sovereign-related holdings per BitcoinTreasuries.NET. Often seized or publicly disclosed; methodology varies by entity.
gov61,245medsource →
  • HODL metrics ≠ investment advice.
  • Balances are public estimates / filings; not invented addresses.
  • Do not sum overlapping buckets (LTH / ETF / corp can overlap).
  • Continuous HODL: public Whale Alert graph.json (days); alongside — Newhedge HODL Waves.

Exchange BTC reserves

live2026-09-28 14:43 BST

Top exchange balances + net flows (deposit/withdrawal proxy)

Total on exchanges (Newhedge)
3,681,008 BTC
Net 24h
-6,219
Net 7d
-28,471
ExchangeBTC24h7dTrustShare
Coinbase991,512-723-8,888med
Binance729,029-2,078-8,327high
Bitfinex341,428-699-1,869med
Upbit189,851+276+499med
Robinhood185,098+78-865med
Kraken163,553+739+1,098med
OKX151,233-354+2,039high
Bybit63,079-456-1,479med
Gemini62,066-202-530med
bitFlyer54,587-4-154med
Bitstamp48,184-738-1,252med
Bithumb46,902+109+41med
Deribit45,078-1,555-4,316med
Trade Republic43,140-9-107med
Coincheck42,404-20-62med
Boerse Stuttgart Digital39,226+25+98med
Crypto.com38,285-163-2,491med
Revolut36,441-293-316med
Mt. Gox34,38700med
Bitget34,228+18-260med
River33,601-5-126med
Bitcoin.de28,774-34-192med
Bitvavo27,954+95+284med
BitGo26,936-136-665med
BitBank20,409-18-15med
  • Newhedge figures are on-chain wallet labels, not an official exchange API.
  • PoR (OKX, Binance) is an official cut; it often does not match analyst clusters.
  • Large Coinbase volume includes custody; do not confuse it with «hot» trading inventory.

Copytrading · Whales start moving

Whales start moving · BTC only · signal framing

moving2026-09-28 14:30 BST
⚡ Whales start movingclustering

Coinbase Institutional series · 5 large BTC moves

Σ 6,713 BTC$560.0M5 txs2026-09-28 06:10 BST → 2026-09-28 06:22 BST
Open share card →
617 BTC
$51.1M
CEX outflow
Coinbase Institutional → unknown wallet
2026-09-28 10:14 BST· start moving2dbc77b360…WA ↗
Card →
799 BTC
$66.4M
CEX inflow
unknown wallet → Coinbase Institutional
2026-09-28 09:49 BST· start moving43b4a4e148…WA ↗
Card →
736 BTC
$61.1M
CEX inflow
unknown wallet → Coinbase Institutional
2026-09-28 09:48 BST· start moving45e126736c…WA ↗
Card →
616 BTC
$51.1M
CEX outflow
Coinbase Institutional → unknown wallet
2026-09-28 08:30 BSTb9dde95cf5…WA ↗
Card →

Not trading advice · intelligence copytrading signal framing, not auto-trade execution

Large transfers · Whale Alert

live2026-09-28 14:30 BST
BTC (WA)
$83,645
-1.52%
Continuous HODL
1,770.43 days
+0.79%
BTC alerts in snapshot
22
total in feed: 45
Time (London)BTCUSDFrom → ToLinkShare
2026-09-28 14:09 BST1,365$113.8Munknown wallet → unknown wallet· transfer05726d88f0…
2026-09-28 12:11 BST608$50.5Munknown wallet → Coinbase· transfer1bdb443a49…
2026-09-28 10:14 BST617$51.1MCoinbase Institutional → unknown wallet· transfer2dbc77b360…
2026-09-28 09:49 BST799$66.4Munknown wallet → Coinbase Institutional· transfer43b4a4e148…
2026-09-28 09:48 BST736$61.1Munknown wallet → Coinbase Institutional· transfer45e126736c…
2026-09-28 08:30 BST616$51.1MCoinbase Institutional → unknown wallet· transferb9dde95cf5…
2026-09-28 08:08 BST799$66.5Munknown wallet → Coinbase Institutional· transfere8dd96c314…
2026-09-28 07:23 BST799$66.5Munknown wallet → Coinbase Institutional· transferc73f4f839a…
Source: Whale Alert →REST /transactions: WHALE_ALERT_API_KEY required (public showcase only for now)

BTC news · Whale Alert

live2026-09-28 14:30 BST
WA stories
Source: whale-alert.io/news →Sources in registry: 10

Mining · breakeven

as-of London: 2026-09-27 15:50 BST

$/PH/hour
$1.6830
$/TH/day
$0.0404
BTC USD
$84,858.7
Network EH/s
950.9

kWh to breakeven = hashprice $/TH·hour ÷ (J/TH ÷ 1000). Power only — no pool, opex, or CapEx.

Pools · hashrate share

Window 1w · network ~948 EH/s · blocks 1004 · as-of 2026-09-27 16:50 BST

#PoolShare %BlocksLink
1Foundry USA24.60%247site →
2AntPool22.11%222site →
3F2Pool14.94%150site →
4ViaBTC9.26%93site →
5SpiderPool7.47%75site →
6MARA Pool5.68%57site →
7SECPOOL3.88%39site →
8OCEAN2.79%28site →
9Luxor2.69%27site →
10Binance Pool1.69%17site →

Operators: catalog has 38 entries (Foundry — Mike Colyer / DCG; AntPool — corporate Singapore; F2Pool — Chun Wang; ViaBTC — Haipo Yang; MARA — Fred Thiel et al.). Confidence mixed — some historical links.

Pool influencers: 31 new in merge · unified was 1546. ASIC economics — in the shop and the section above.

hashrate_share_pct ≈ blocks_found / blocks_in_window (mempool.space attribution)

Base free API pack

hybrid

Все бесплатные/live фиды Watchtower (/api/live/*) плюс публичные запасные API QBEIN. Не инвестиционный совет. Секреты не хранятся — только факт наличия ключей на WT.

as-of London: 2026-09-27 15:50 BST · members 117 · live 105 · cache 1 · fixture 8 · blocked 2

Watchtower routes · 7

SourceStatus
GET /api/livelive
GET /api/live/cryptolive
GET /api/live/economylive
GET /api/live/capitallive
GET /api/live/healthlive
GET /api/live/klineslive
GET /api/live/researchlive

health.feeds (upstream free feeds) · 48

SourceStatus
Fear & Greedlive
binance-klines-BTCUSDT-1w-400live
BTC options expirieslive
cap-1211live
cap-ALBlive
cap-ASMLlive
cap-DFENlive
cap-NVDAlive
cap-RBOTlive
cap-RHMlive
cap-TSMlive
BTC weeklylive
global mcaplive
spot priceslive
DefiLlama TVLlive
Spot ETF flowslive
eurostat-esilive
eurostat-euunlive
eurostat-hicplive
fh-calendarlive
fred-CPIAUCSLlive
fred-DFII10live
fred-FEDFUNDSlive
fred-GACDFSA066MSFRBPHIlive
fred-HOUSTlive
fred-M2SLlive
fred-NEWORDERlive
fred-SAHMREALTIMElive
fred-T10Y2Ylive
fred-T10Y3Mlive
fred-TOTBKCRlive
fred-UNRATElive
fred-USREClive
fred-VIXCLSlive
fred-ppi-cpi-spreadlive
HL funding/OIlive
HL funding histlive
HL OI / liqlive
HL leaderboardlive
mempool.spacelive
Messari metricslive
Messari venturecache
NewsAPI tapelive
tg-rss-tape:file:whale_alert,bitcoinmagazine,watcherguru,federalreservelive
x-rss-tape:file:whale_alert,bitcoin,federalreserve,elonmusk,watchergurulive
YC directorylive
yh-GC=F-1mo-maxlive
yh-^GSPC-1wk-maxlive

crypto blocks · 16

SourceStatus
crypto.priceslive
crypto.fearGreedlive
crypto.etflive
crypto.btcOptionslive
crypto.defiLlamalive
crypto.mempoollive
crypto.messariMetricslive
crypto.venturefixture
crypto.hllive
crypto.marketCaplive
crypto.yclive
crypto.newslive
crypto.hlFundinglive
crypto.hlTraderslive
crypto.hlOiLiqlive
crypto.btcChartlive

economy cards · 24

SourceStatus
economy.spxlive
economy.goldpxlive
economy.m2live
economy.fedfundslive
economy.real10ylive
economy.curvelive
economy.t10y3mlive
economy.bankcreditlive
economy.cpilive
economy.unratelive
economy.sahmlive
economy.usreclive
economy.phillylive
economy.vixlive
economy.houstlive
economy.neworderlive
economy.stagespreadlive
economy.hicplive
economy.euunlive
economy.esilive
economy.goldyoylive
economy.tmsfixture
economy.bdifixture
economy.calendarlive

capital quotes · 15

SourceStatus
capital.quote.1211live
capital.quote.BTClive
capital.quote.ETHlive
capital.quote.SOLlive
capital.quote.ASMLlive
capital.quote.ALBlive
capital.quote.TSMlive
capital.quote.DFENlive
capital.quote.RBOTlive
capital.quote.NVDAlive
capital.quote.RHMlive
capital.quote.USDCfixture
capital.quote.USDfixture
capital.quote.USDTfixture
capital.bookfixture

Source snapshot. Not investment advice. API keys are not shown — only whether they exist on Watchtower.

Sources

NameStatus
watchtower_priceslive
watchtower_fear_greedlive
watchtower_etflive
watchtower_mempoollive
watchtower_hllive
watchtower_btc_optionslive
watchtower_defillamalive
watchtower_messarilive
watchtower_venturefixture
watchtower_yclive
watchtower_spxlive
watchtower_goldlive
watchtower_sahmlive
watchtower_vixlive
coingecko_publiclive
mempool_space_publicblocked
mempool_hashrate_difficultyblocked
alternative_me_fnglive
report_history_roundtablelive
luma_eventsfixture
influencer_intelfixture
Pull errors (not hidden)
  • mempool_space: URLError: <urlopen error [SSL: UNEXPECTED_EOF_WHILE_READING] EOF occurred in violation of protocol (_ssl.c:1029)>
  • hashrate_difficulty: URLError: <urlopen error [SSL: UNEXPECTED_EOF_WHILE_READING] EOF occurred in violation of protocol (_ssl.c:1029)>

Снимок рынка для ориентира. Не инвестиционный совет. Watchtower data — SoT via loopback on VPS; public APIs are the fallback path. Fixtures are labeled explicitly.