Experiments on Cumulative Destruction

Two approaches to bring bitcoin-days-destroyed into the price domainOkay, so this article is now well overdue given the recent price action. BTC never rests! The last few months have been very productive in terms of discovering new valuation metrics based on on-chain analytics. The recent proposals using coindays destroyed by…

On peak indecisiveness

Summing Bitfinex's margin BTCUSD long and short positioning charts gives us an indication of speculator decisiveness. You can pull this chart up on TradingView with "BTCUSDLONGS+BTCUSDSHORTS". To be clear this is a view into speculator margin trade activity, in essence the volume they are borrowing from funders in order…