NVT Signal, or NVTS, is an indicator that compares the market cap of Bitcoin to the aggregate USD value of daily transactions on the Bitcoin blockchain. It is a value indicator that shows a multiple of Bitcoin price against the actual usage of its blockchain. When the NVTS is low, it suggests Bitcoin price is low relative to the amount of utility the network...
Bitcoin Network Momentum is a leading indicator that relates On-Chain Transactional Volume (measured in BTC)with the evolution of the Bitcoin Price.
🔗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 Rhythms v1.0 by Cryptorhythms
Cryptorhythms back at is again with an absolutely massive collaboration with CryptoMedication & ZeroNoncense team.
This indicator and data plot suite is for bitcoin BTCUSD analysis over longer periods and higher time frames. 🚨For this to plot anything you must use on Daily or higher timeframe🚨.
You want to have an...
The Kovach Crypto Spread indicator calculates the spread in profit between Bitcoin and the leading Altcoins. The Altcoins are weighted by market cap and this script is update weekly so you constantly have the most relevant Altcoins and their coefficients in the indicator.
Values above zero indicate a net flow from Altcoins to Bitcoin and vice versa. Let's...
🔗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 - 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...
Takes QUANDL Bitcoin blockchain difficulty data, three variables (hashrate in THs/sec, power consumption in kWh, and electricity costs in cents/kWh) and calculates the base line for cash flow in US dollars. The default is an AntMiner S15 at 10 cents/kWh.
When price is above this line, miners with the given conditions have positive cash flow (i.e. they make more...
🔗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...
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 - 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....
🔗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...