weekly-roundup

Bitcoin Network Demand Model The model remains on 2/6 this week. The short-term transactions and velocity signals remain on, but fees have lurched lower. There are positives, however. Miner inventory levels have fallen to a 12-week low, showing that there has been solid underlying demand, while our valuation model

Bitcoin Network Demand Model Another leap forward for the Bitcoin Network as the Network Demand Model rises from 1/6 last week to 2/6 this week. The new signal comes from a pickup in velocity, a non-price measure of network strength. A reading of 400% is basically telling you

Bitcoin Network Demand Model This week, the Network Demand Model moves from zero to 1/6 as “short-term transactions” switches back on. Over the last few weeks, we’ve consistently pointed out that downside risk is low. This is because the data has been steady rather than deteriorating, indicating that