Below is a chart and brief excerpt from today's Early Look written by Macro analyst Christian Drake.
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The capacity to forensically analyze every transaction and distill out to meaningful conclusions and/or helpful context is still an open frontier in evolution. Let’s take it for a quick test drive here this morning using BTC as our case study: 1. UPRD | Coin distribution by price: The UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created, i.e. each bar shows the amount of existing bitcoins that last moved within that specified price bucket. Knowing where support clusters and potential price vacuums sit is of obvious interest. |
