In late July, we reviewed the "Spent Output Value Bands (%)" to see which measure will be more influential in 2023:
0.01 ~ 0.1 BTC: -0.345
0.1 ~ 1 BTC: -0.461
1 ~ 10 BTC: -0.227
We find that when the three measures above move similarly, price is most telling. The trend in the figure shows that when the above measure rises, the price tends to fall, and when the above measure falls, the price tends to rise = a large increase in BTC dominance.
Written by Crypto_Lion
0.01 ~ 0.1 BTC: -0.345
0.1 ~ 1 BTC: -0.461
1 ~ 10 BTC: -0.227
We find that when the three measures above move similarly, price is most telling. The trend in the figure shows that when the above measure rises, the price tends to fall, and when the above measure falls, the price tends to rise = a large increase in BTC dominance.
Written by Crypto_Lion