weekly-roundup

Week 41 2021 Having come from 0/6 last week, the Network Demand Model finished the period on 2/6, with both the short- and long-term transaction series turning on. During the week, Miner’s Rolling Inventory (MRI) flickered between on and off, so we have been at 3/6

Week 40 2021 The Network Demand Model remains pinned at 0/6 this week. Even the October month start rally has failed to ignite on-chain activity. This suggests that the price move isn’t backed by an improvement in network adoption and activity, but instead by more speculative behaviour within

ByteTree Market Health Update; Issue 94 In free markets, prices are set by supply and demand. Since both crypto and precious metals have limited supply, demand is the most important influence on price. In crypto, the supply side is highly predictable, whereas it is relatively predictable in precious metals. But

Week 39 2021 The Network Demand Model has once again turned south, with a reading of 0/6, down from last week’s 2/6. Unexpectedly, both the short-term transaction and the Miner’s Rolling Inventory indicators have softened. Additionally, the long-term transaction indicator, having looked like it would turn

ByteTree Market Health Update; Issue 93 Some advocates are blind to the fact that bitcoin remains a risk-on asset, despite it being the blindingly obvious. Yet again, when the stockmarket sneezes, bitcoin catches a cold. This latest selloff was triggered by the Evergrande debacle. The company has huge liabilities and

Week 38 2021 The Network Demand Model remained at 2/6 at the end of the week, still at a level deemed to be “OFF”. While Bitcoin has had an impressive bounce from the May lows, network activity remains subdued. Therefore, it is of little surprise to us that the