weekly-roundup

Week 50 2021 On-chain activity has weakened dramatically over the last week, and the Network Demand Model falls back to 1/6, with only the long-term spend series remaining on. Until we see renewed impetus in the ecosystem, the price outlook would seem perilous. The counterargument is that these quiet

Week 49 2021 The Network Demand Model has fallen back to 2/6 from 3/6 last week. While long-term and short-term transactions are both positive, the Miner’s Rolling Inventory indicator turns off again. We’ve discussed miner behaviour many times before. Short-term, the inclination to hold can be

ByteTree Market Health Update; Issue 102 At the recent Bitcoin conference in Miami (the really bullish one), Twitter’s founder and former CEO said: “if I was not at Square or Twitter, I’d be working on bitcoin”. He announced his resignation from Twitter this week, and it seems he

Week 48 2021 The Bitcoin Network Demand model has perked up again this week, with stronger transaction data taking the score to 3/6 from 2/6. The short-term spend signal has turned back on, as did the Miner’s Rolling Inventory, the latter after a brief intra-week dip. Short-term

Week 47 2021 The Network Demand Model slides from 3/6 to 2/6 this week, but it’s a noisy rather than a worrying change at this point. A sign of consolidation rather than collapse. The decline comes as short-term transactions turn negative. Miner’s Rolling Inventory remains on