The Bitcoin Transaction Fees is the fee value that miners earn on a daily basis. The indicator can show the value either in BTC or USD.
The Bitcoin Relative Cost of Transaction shows the miners' revenue as a percentage of the transaction volume registered in the block.
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...
'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.
The Average Bitcoin Block Size refers to the size (in MB) of a container of bitcoin transactions. Approximately every 10 minutes a new Bitcoin block is added to the chain.
🔗Blockchain Fundamentals - Bitcoin's Stock to Flow Ratio by Cryptorhythms Intro 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 - Average Cap & Top Cap (Marketcap Alternatives) Intro 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). Descriptions Average Cap This is the "forever" moving average of Market Cap. The cumulative sum of daily...
🔗Blockchain Fundamentals - Network Value to Aggregate Fee Ratio by Cryptorhythms Intro Another blockchain metric brought to you by Matteo Leibowitz, ported by me to tradingview for your viewing pleasure. Description Fees as Indicator of Demand. After some consideration, I believe that aggregate transaction fees in dollar terms across different time...
🔗Blockchain Fundamentals - Fee Ratio Multiple by Cryptorhythms Intro Back with the next indicator in the Blockchain Fundamentals Series! Hope everyone is enjoying using these as much as I enjoyed porting them to tradingview. This one is not a buy / sell signal, but useful none the less. Created by Matteo Leibowitz. Description Fee Ratio Multiple (FRM),...
🔗Blockchain Fundamentals - PUELL MULTIPLE! by Cryptorhythms Intro 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...
🔗Blockchain Fundamentals - Bitcoin Network Momentum by Cryptorhythms Description 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...
🔗Blockchain Fundamentals - Bitcoin Velocity by Cryptorhythms Description The velocity of money is the rate at which money is exchanged in an economy. It is the number of times that money moves from one transaction to another. It also refers to how much a unit of currency is used in a given period of time. Simply put, it's the rate at which people spend...
🔗 Blockchain Fundamentals - Thermocap (Marketcap Alternative) by Cryptorhythms Description Market capitalization is an indicator for assessing the value of equity in companies. Crypto has inherited the metric from stocks and is having a hard time trying to get rid of it. Problems here are: Market Cap takes into account all coins distributed so far, not...
🔗 Blockchain - NVU (Network Value to User) Ratio by Cryptorhythms Introduction Please note this is not an indicator that gives you buy and sell signals, its for bitcoin blockchain based fundamental analysis and valuation metrics. Description Blockchains have network effects. The classic example of network effects is Facebook: every person who gets on...
Bitcoin Network Momentum is a leading indicator that relates On-Chain Transactional Volume (measured in BTC)with the evolution of the Bitcoin Price. Further resources: Woobull charts Medium article Credits: PositiveCrypto
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...
Plot the Bitcoin Mining Income in USD or BTC terms. This Blockchain Indicator is a very useful helper tool to elaborate on Fundamental Studies.