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Biturai Trading Wiki
The Biturai crypto encyclopedia: AI-assisted, data-informed, and continuously quality-audited.
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. This on-chain metric offers valuable insights into the conviction of long-term holders and helps identify different market cycle
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. This on-chain metric helps distinguish between short-term traders and long-term investors, offering insights
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. It compares the realized value of recently moved coins to those held for longer periods, signaling when the market might be
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. It helps assess network valuation relative to its economic utility, often signaling macro market tops and
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. This metric provides insights into an asset's valuation
NVT Signal: The Smoothed Variant of the NVT Ratio
The NVT Signal (NVTS) is an on-chain metric that adapts the original NVT Ratio by smoothing transaction volume data. It helps assess whether a cryptocurrency's market valuation is supported by its underlying network activity.
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. It compares daily coin issuance to its 365-day moving average, signaling when miners are likely to sell or hold
HODL Bank: The Opportunity Cost Component of Reserve Risk
HODL is a long-term cryptocurrency investment strategy where assets are held despite market fluctuations. This approach, while potentially rewarding, inherently involves significant opportunity costs that must be understood in relation to
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. This indicator provides valuable insights into the behavior of market
Dormancy Flow: Assessing Bitcoin Value Through Coin Age and Money Movement
Dormancy Flow is an on-chain metric that evaluates Bitcoin's market cycles by analyzing the movement of older coins relative to the total market capitalization. It helps identify periods of potential undervaluation or overvaluation based
Average Coin Dormancy: Insights into Holding Behavior
Average coin dormancy measures how long spent coins remained inactive, revealing the behavior of long-term investors. High dormancy suggests older coins are moving, potentially signaling profit-taking or increased selling pressure.
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. It assesses the strength of spending behavior, particularly by long-term
Supply-Adjusted CDD: Analyzing Long-Term Holder Movements
Supply-Adjusted CDD is an on-chain metric that normalizes the movement of dormant cryptocurrency, providing insight into the behavior of long-term holders. It helps analysts understand when significant amounts of previously inactive supply
Binary CDD: When Dormant Coins Become Active
Binary CDD is an on-chain metric that reveals when long-dormant cryptocurrency coins begin to move, indicating a shift in the behavior of long-term holders. It helps analysts understand potential market sentiment changes by comparing daily
Understanding Spent Output Value Bands in Bitcoin Analysis
Spent Output Value Bands (SOVB) categorize spent Bitcoin transaction outputs by their monetary value, offering insights into market participant behavior. This tool helps identify capital flows and sentiment across different investor
Realized Loss Explained: A Potential Market Bottom Signal
A realized loss occurs when an asset is sold for less than its original purchase price, representing an actual financial loss. In cryptocurrency markets, large-scale realized losses can often signal a period of capitulation, potentially
Realized Profit Explained: When On-Chain Gains Are Realized
Realized profit refers to the actual financial gain or loss an investor experiences when they sell a cryptocurrency asset for a price different from its purchase price. Unlike unrealized profit, which exists only on paper, realized profit
Net Realized Profit/Loss Explained
Net Realized Profit/Loss (NRPL) quantifies the total profit or loss that all market participants have actually locked in by selling or moving their cryptocurrencies on-chain. This metric provides a clear view into the aggregate sentiment