At the end of July, we examined "Spent Output Value Bands (%)" to see which size is more influential in 2023.
0.01 ~ 0.1 BTC: -0.345
0.1 ~ 1 BTC: -0.461
1 ~ 10 BTC: -0.227
We found that when the above three sizes move similarly, the price is highly interpretable. The trend in the picture shows that as the upper size increases, the price usually falls and when the upper size decreases, the price usually increases = increased dominance of large BTC.
0.01 ~ 0.1 BTC: -0.345
0.1 ~ 1 BTC: -0.461
1 ~ 10 BTC: -0.227
We found that when the above three sizes move similarly, the price is highly interpretable. The trend in the picture shows that as the upper size increases, the price usually falls and when the upper size decreases, the price usually increases = increased dominance of large BTC.