At the end of July, we examined "Spent Output Value Bands (%)" to see which sizes are more influential in 2023.

0.01 ~ 0.1 BTC: -0.345

0.1 ~ 1 BTC: -0.461

1 ~ 10 BTC: -0.227

↓past quicktake↓

https://cryptoquant.com/insights/quicktake/64bf679006c6ee320c0ccfd4-What-is-the-most-price-explanatory-SOAB-in-2023-01-1-BTC

In particular, we found that when the above three move similarly, the price is highly explanatory. The trends in the picture indicate that when the above sizes rise, prices tend to fall, and when the above sizes fall, prices tend to rise = increasing dominance of large BTC.

Written by Crypto_Lion