BTC at Fundamental Long-Term Support
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Bitcoin is finally finding support from the transaction volume (a.k.a. BTC’s “corporate earning”) perspective. This is great news for long-term investors.
What’s BTC transaction volume?
It is the volume of transactions recorded on the BTC blockchain. This measures BTC’s payment utility value, store of value, and part of the speculative value when new users come into the market. This differs from the trading volume. For example, when Tom buys BTCUSD on Binance, the trade is only added to the trading volume, not the transaction volume.
Data is sourced from blockchain.com(Quandl).
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What’s BTC transaction volume?
It is the volume of transactions recorded on the BTC blockchain. This measures BTC’s payment utility value, store of value, and part of the speculative value when new users come into the market. This differs from the trading volume. For example, when Tom buys BTCUSD on Binance, the trade is only added to the trading volume, not the transaction volume.
Data is sourced from blockchain.com(Quandl).
Please support by following us or giving us a thumb-up!
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Transaction volume script published with whale identification and entry signals.
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