Bitcoin Network Demand | 4 Key Metrics That Drive the Price | Coinscrum Markets Ep.011

In this episode of Coinscrum Markets, we present 4 key indicators that we use to track Bitcoin Network Demand; Fees, Transaction Value, Velocity, and Miners Rolling Inventory. Using these metrics in our model helps us determine the health of the Bitcoin market, i.e. bullish or bearish.

ByteTree CEO, James Bennett, hosts Coinscrum Markets' On-Chain Reaction

DISCLAIMER: This entire presentation is for informational purposes only and in no way constitutes investment advice

Coinscrum Markets YouTube Channel: youtube.com/c/Coinscrum

More On-Chain Reaction Episodes with ByteTree:    • Coinscrum Markets On-Chain Reaction  

Timecodes:

00:00 Intro
00:11 ByteTree Bitcoin Network Demand Model
00:49 4 metrics track Bitcoin Network Demand
01:09 Fees indicate demand
01:37 Transaction value impacts Bitcoin price
02:37 Velocity indicates the rate of bitcoins moving around the network
03:11 Bitcoin Miners Rolling Inventory (MRI) is driven by the market
04:22 Demand for Bitcoin and Covid-19
06:16 Do we take exchanges and altcoins into account?

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