This study plots sentiment data from Longs vs Shorts reported at Bitfinex and the Funding Interest Rate that applies at Bitmex.
The indicator includes 4 visualization modes:
Overlapped Areas: Plots Longs and Shorts overlapping each other
Opposed Areas: Displays Longs as positive values and Shorts as negative.
Cloud: Highlights the difference between Longs and...
The Bitcoin On-Chain OBV is a port of the classical volume oscillator that reflects the accumulation registered through the On-Chain Transactions.
It also allows to source through the aggregated combined exchange volumes.
The indicator can show the value either in BTC or USD.
🔗Blockchain Fundamentals - Bitcoin SFR / Halving Price Prediction Model
This price model is based upon the work of PlanB (@100trillionUSD) which can be seen here: medium.com
He states "We can also model bitcoin price directly with Stock to Flow. The formula of course has...
🔗Blockchain Fundamentals - Bitcoin's Stock to Flow Ratio by Cryptorhythms
What is a stock to flow ratio and why is it important? The stock-to-flow ratio of a commodity is the amount of the asset that is held in reserves divided by the amount produced every year.
The higher the stock-to-flow ratio the reduced inflation occurs on the asset annually....
The Bitcoin Cost per Transaction (USD) is the result of dividing the miners' revenue (Block Reward + Transaction Fees) between the number of transactions per block.
Here is an example with made up numbers:
Block reward is 12.5 BTC + 0.5 BTC in transaction fees.
There are 2700 transactions in the block.
Current exchange rate is 5700 USD/BTC.
(12.5 BTC + 0.5 BTC)...
'Bitcoin Number of Coins' is the total number of Bitcoins which have been mined. This is the number of coins (technically) in circulation.
Additionally, the indicator shows the number of Bitcoin pending to be mined, considering a max cap of 21 million coins.
🔗Blockchain Fundamentals - PUELL MULTIPLE! by Cryptorhythms
The PUELL MULTIPLE! is a way to gauge market cycles from a mining profitability / compulsory sellers' perspective. It takes total miner revenue and adjusts by its yearly moving average. Calculation = mining revenue / 365-day simple moving average of mining revenue.
(The indicator is written that...
🔗Blockchain Fundamentals - Average Cap & Top Cap (Marketcap Alternatives)
Last one for a couple days but then I will be back! Here are the marketcap alternatives Average Cap (created by Renato Shirakashi) and Top Cap (created by Willy Woo).
This is the "forever" moving average of Market Cap. The cumulative sum of daily Market...
🔗Blockchain Fundamentals - Fee Ratio Multiple by Cryptorhythms
Back with the next indicator in the Blockchain Fundamentals Series! Hope everyone is enjoying using these as much as I enjoyed porting them to tradingview. This one is not a buy / sell signal, but useful none the less. Created by Matteo Leibowitz.
Fee Ratio Multiple (FRM),...
🔗Blockchain Fundamentals - Network Value to Aggregate Fee Ratio by Cryptorhythms
Another blockchain metric brought to you by Matteo Leibowitz, ported by me to tradingview for your viewing pleasure.
Fees as Indicator of Demand. After some consideration, I believe that aggregate transaction fees in dollar terms across different time periods...
🔗Blockchain Fundamentals - Bitcoin Network Momentum by Cryptorhythms
Network Momentum is a view created by PositiveCrypto which looks into the value transmitted through the Bitcoin blockchain denominated in BTC value plotted against Bitcoin`s price. It serves as a leading indicator of Bitcoin bull markets. Sufficiently high levels of value throughput...
🔗Blockchain Fundamentals - Bitcoin Velocity by Cryptorhythms
The velocity of money is the rate at which money is exchanged in an economy. It is the number of times that money moves from one transaction to another. It also refers to how much a unit of currency is used in a given period of time. Simply put, it's the rate at which people spend currency....
🔗 Blockchain Fundamentals - Thermocap (Marketcap Alternative) by Cryptorhythms
Market capitalization is an indicator for assessing the value of equity in companies. Crypto has inherited the metric from stocks and is having a hard time trying to get rid of it. Problems here are:
Market Cap takes into account all coins distributed so far, not...