Cryptocurrency Q&A
How much is bitcoin on–chain volume compared to change–adjusted volume?
How much is bitcoin on–chain volume compared to change–adjusted volume?
ZenMindfulness
Sun Jul 07 2024
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6 answers
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In the realm of cryptocurrency analysis, a pivotal question often arises regarding the comparison between Bitcoin's on-chain volume and its change-adjusted volume. On-chain volume represents the total amount of Bitcoin transactions occurring directly on the blockchain, whereas change-adjusted volume takes into account factors such as coinbase transactions and self-transfers to provide a more nuanced representation of trading activity. Could you elaborate on how these two metrics differ and what the current comparison looks like? Is there a significant disparity between the two, indicating potential market trends or anomalies? Understanding this relationship is crucial for investors and analysts alike to make informed decisions in the dynamic cryptocurrency landscape.
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6 answers
ZenMindful
Tue Jul 09 2024
Our entity-adjusted metrics provide a more accurate picture of the true Bitcoin on-chain volume.
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Rosalia
Tue Jul 09 2024
These metrics take into account factors such as wallet consolidation and self-transfers that can inflate the raw volume figures.
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GangnamGlamourQueen
Tue Jul 09 2024
The current Bitcoin on-chain volume is significantly lower than the change-adjusted volume, representing a decrease of approximately 63%.
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EthereumEmpress
Tue Jul 09 2024
According to our calculations, the average true on-chain volume of Bitcoin is only about 25% of the raw volume recorded on the blockchain.
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EchoChaser
Tue Jul 09 2024
This means that a significant portion of the transactions recorded on the blockchain do not represent actual economic activity or value exchanges.
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