The new BTC data weekly (2018 seventh)

The chain activity data trend of decline in market risk aversion, cautious admission needs are still under the bottom bottom

Report points

  • From the market transaction data, last week the average price of BTC appears again persistent plunge in after a short break, the volume also fluctuate significantly. The correlation coefficient of the data provided with currency deviation, to some extent reflected in the market under the “bricks” transaction risk is also enlarged. In addition, the turnover index remained wide shock, the market risk aversion is upgrading.

  • Active data from the chain point of view, last week’s new address and the number of active address number continued to decline, from average 7 days, the rapid decline of two data trend is very obvious, and the average number of single phase active trading address again abnormal performance. The distribution of wealth is still in the address last week differentiation, small funds accelerate as well, and the big money address data volatility.

  • From the technical stability, the average force began to rise in the second week, the corresponding block is a new rising, but the average transaction costs appear more substantial fluctuations and a new high. With the total BTC time close to the upper limit, the transaction fee will become an important source of motivation of miners, the relationship between it and the price will also become more and more important in the comparable price constraints, BTC increased transaction costs will be reduced trading activity to stimulate prices, lower prices and enthusiasm of the reverse effect of miners, active the chain fell further price will likely accelerate downward spiral.

  • Conclusion: last week, the average BTC prices continued to decline, the market panic has not faded, the chain of active data the trend of decline, the market risk aversion. The depth of the market fell hard bifurcation originated from BCH, although the incident will slowly calmed down, but this is not a winner of the “war”, the damage is a technical school of faith and idealist faith. The market confidence is more important than gold, change the market trend is an important strategy to regain confidence, cautious admission, beware of the bottom and the bottom.

A market transaction data

The average price in November 25th five major exchange BTC 4056.69USDT, was down 28.44% from the week before. Last week, the average price of BTC appears again continued plunge in after a short break, the volume also fluctuate significantly. The coefficient of variation between the exchange price to the hurricane, with BTC rapid decline in prices, the price between exchanges can not simultaneously appear abnormal spread. The correlation coefficient of the data provided with currency deviation, charging currency address data are highly correlated, but the correlation between the amount of money provided charging data began to weaken, to a certain extent reflected in this market under the “bricks” transaction risk is also enlarged. The turnover index remained wide shock, the market risk aversion is upgrading.

 The new BTC data weekly (2018 seventh)

 The new BTC data weekly (2018 seventh)

 The new BTC data weekly (2018 years Article 7)

 The new BTC data weekly (2018 seventh) Two, the data chain

1, BTC block chain activity data

Last week’s new address and the number of active address number continued to decline, from 7 on average, the rapid decline in the trend of data is very obvious, and the average number of single phase active trading address again abnormal performance. The distribution of wealth is still in the address last week differentiation, small funds accelerate as well, and the big money address data volatility.

 The new BTC data weekly (2018 seventh)

 The new BTC data weekly (2018 7)

 The new BTC data weekly (2018 seventh)

2, BTC address distribution of wealth

 The new BTC data weekly (2018 seventh)

 The new BTC data weekly (2018 seventh)

3, BTC stability data

From the technical data, the average force began to rise in the second week, the corresponding block is a new rising, but the average transaction costs appear more substantial fluctuations and a new high. With the total BTC time close to the upper limit, the transaction fee will become an important source of motivation of miners, the relationship between it and the price will also become more and more important in the comparable price constraints, BTC increased transaction costs will be reduced trading activity to stimulate prices, lower prices and enthusiasm of the reverse effect of miners, active the chain fell further price will likely accelerate downward spiral.

 The new BTC data weekly (2018 seventh)

 The new BTC data weekly (2018 seventh)

 The new BTC data weekly (2018 seventh)

Disclaimer: this view is a comprehensive judgment based on analysis of the data, not only as a reference as the basis for investment, currency speculation risk investment need to be cautious.

Chaindigg data analysis team

2018.11.27

Three appendix: Index Interpretation

Total turnover: five exchange traded daily number BTC.

Average price: 5 exchange daily average price.

Price variation coefficient: five maximum / average price of exchange price.

The price variation obtained by the price variation coefficient of 7 day average trend smoothing.

Exchange rate: new trading volume / issue.

Charge provides currency amount of correlation coefficient, calculated by week filled currency amount of correlation coefficient, correlation between the two dynamic observation.

Address: charging currency correlation coefficient calculated by week filled currency address correlation coefficient, the correlation between the two dynamic observation.

The number of newly added address: chain only address.

Single phase active address: Statistics of time, at least the number of addresses a payment transaction.

Single phase active number average transaction chain address: address the number of active daily average transaction.

The number of small fortune address: more than 1BTC below the number of 100BTC addresses.

The number of large wealth address: more than the number of 1000BTC addresses.

The average block time: average block time.

The new block chain: the number of new blocks.

Circulation: the total amount of currency issued on the chain.

The average transaction costs: all transaction costs mean value chain.

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