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Biturai Trading Wiki
The Biturai crypto encyclopedia: AI-assisted, data-informed, and continuously quality-audited.
Long-Term Holder (LTH): On-Chain Definition and Market Impact
Long-Term Holders (LTHs) are a crucial on-chain metric classifying Bitcoin entities that have held their coins unmoved for at least 155 days.
Understanding Glassnode's Accumulation Trend Score
The Accumulation Trend Score quantifies the relative size of entities actively accumulating or distributing coins on the blockchain.
Supply Distribution by Wallet Size in Crypto Markets
Supply distribution by wallet size analyzes how a cryptocurrency's total supply is held across different wallet categories.
Detecting On-Chain Whale Accumulation
On-chain analysis provides a unique window into the real-time actions of large cryptocurrency holders, often referred to as whales.
Exchange Stablecoin Inflow as a Buying Power Signal
A significant influx of stablecoins onto cryptocurrency exchanges can indicate an increase in potential buying power.
VWAP and On-Chain Valuation in Crypto Markets
This article explores the Volume-Weighted Average Price (VWAP) and the Investor Cap as crucial metrics for understanding cryptocurrency market dynamics.
Average Cap: Understanding Moving Market Capitalization
Average Cap provides a smoothed view of a cryptocurrency's total market value over time, helping to identify underlying trends in its overall valuation.
Bitcoin's Thermocap Multiple: Valuation Relative to Miner Compensation
The Thermocap Multiple is an on-chain valuation metric that compares Bitcoin's market capitalization to its Thermocap. It helps assess whether Bitcoin's price is overvalued or undervalued relative to the aggregate security spend by miners.
Bitcoin Realized Cap Z-Score Explained
The Realized Cap Z-Score is an on-chain metric that assesses whether Bitcoin's market value is overvalued or undervalued relative to its realized value.
Bitcoin 1+ Year HODL Wave: Unmoved Supply Analysis
The 1+ Year HODL Wave quantifies the portion of Bitcoin's supply that has remained unspent for over a year.
Coin Age Bands: Deconstructing Bitcoin Supply by Holding Duration
Coin Age Bands categorize Bitcoin's supply by how long each coin has been dormant, revealing holder behavior and market sentiment.
Realized HODL Ratio as a Cycle Top Indicator
The Realized HODL Ratio (RHODL) is an on-chain metric that helps identify potential market tops in Bitcoin cycles.
RVT Ratio: Realized Cap to Transaction Volume Explained
The RVT Ratio is an on-chain metric that compares a cryptocurrency's Realized Capitalization to its on-chain Transaction Volume.
NVT Golden Cross: Identifying Overbought and Oversold Conditions
The NVT Golden Cross is an on-chain indicator that helps assess whether a cryptocurrency is overbought or oversold by comparing its market capitalization to its transaction volume.
Puell Multiple: Identifying Bitcoin Market Tops and Bottoms
The Puell Multiple is an on-chain metric that tracks Bitcoin miner profitability to identify potential market tops and bottoms.
HODL Bank: The Opportunity Cost Component of Reserve Risk
HODL is a long-term cryptocurrency investment strategy where assets are held despite market fluctuations.
Reserve Risk Explained: Assessing Long-Term Holder Conviction
Reserve Risk is an on-chain indicator that evaluates the risk-reward balance for long-term cryptocurrency holders. It helps gauge the confidence of investors who are willing to defer selling their assets.
Median Spent Output Lifespan (MSOL) Explained
The Median Spent Output Lifespan (MSOL) measures the median age of all spent transaction outputs within a specific timeframe. This metric offers insights into whether older or newer coins are predominantly being moved on the blockchain.
Average Spent Output Lifespan (ASOL) Explained
Average Spent Output Lifespan (ASOL) is an on-chain metric that measures the average age in days of all spent transaction outputs within a specific timeframe.
Value Days Destroyed (VDD) Multiple Explained
The Value Days Destroyed (VDD) Multiple is an on-chain metric used to identify periods when Bitcoin's price may be overheating, often ahead of major cycle tops.