Definition. Cointime Economics may be applied within the price domain by valuing coinblocks at the point of creation, destruction, and storage. Since coinblocks are fungible, we can value all coinblocks directly against the spot price at the time of inclusion in a block, yielding the concept of Cointime Value, with units of 'dollarblocks'. This chart presents the daily volume of all three regions of coinblock-value:

• 🟪 Dollarblocks Created
• 🟥 Dollarblocks Destroyed
• 🟩 Dollarblocks Stored

Technical. Each series multiplies the day's coinblock volume by the spot price, smoothed with a 7-day EMA and displayed as columns:

• Coinblock Value Created [USD] = ema(Price x CBC, 7)
• Coinblock Value Destroyed [USD] = ema(Price x CBD, 7)
• Coinblock Value Stored [USD] = ema(Price x (CBC - CBD), 7)

Interpretation. Weighting cointime by price expresses coin dormancy and expenditure in economic terms: a burst of dollarblocks destroyed reflects old coins being spent while prices are high — the hallmark of long-term holders realizing value — whereas dominant dollarblock storage reflects wealth settling into dormancy. Because the price weighting amplifies recent, high-priced eras relative to early history, this view captures the economic significance of cointime flows better than raw coinblock counts.

Notes. Built from Coinblocks Created and Coinblocks Destroyed. The all-time cumulative totals of these series are charted in Total Cointime Value Created, Destroyed and Stored. Developed within the Cointime Economics framework for Bitcoin, a joint venture between Glassnode and ARK Invest, with full details available in two formats: an overview primer (Version I published via ARK) and a comprehensive guide for specialists (Version II published via Glassnode).