James Bennett

Week 21 2021 The Bitcoin network demand model remains unchanged this week on a 4. The price of bitcoin closed yesterday at $38k after a turbulent week, which saw volatility rise sharply to 114%. The 11% fall in price sparked a surge in on-chain activity in BTC terms, reversing the

Week 20 2021 The Bitcoin network demand model moves back to a 4 this week after a sharp increase in on-chain settlement value (TV$) moves short term spend back to ON. TV$ is up by 12% to 10. 7Bn per day, despite a 24% fall in the price of Bitcoin

Week 19 2021 Bitcoin Network Demand continues to consolidate this week, slipping down to a 3 on the BYTE model. Historically, a 3/6 has signalled a more cautious approach to position size but remains invested. The price of bitcoin has been oscillating between $53k to $59k over the last

Week 18 2021 Network demand falls to a 4 this week, as TV$ drops 15% to $8.2Bn per day and volatility continues to rise. Short term fees have fallen by a record 39% this week, hitting a modest $6.5M per day versus $10.7M last week. This fall

The Bitcoin Cash (BCH-ABC) network underwent a hard fork on 15th November after existing network participants could not reach consensus on an update to the code. The last major fork of BCH was exactly two years prior to this, which created Bitcoin-SV (BSV). Up to this point, ByteTree has continued

A brief introduction to transaction value ByteTree recently identified a transaction traffic pattern on the Bitcoin Network which relates to not-economically-useful-transactions (NEUF). The complex structure of tracking Bitcoin transactions requires applying a proprietary methodology to distinguish between genuine traffic and NEUF, in real-time. As the network evolves, and new approaches