Report Highlights

Report Highlights

Judging from the market transaction data, the average BTC price trend shows a pattern of rising volume and price. The coefficient of price variation has risen continuously, and the "moving bricks" transaction in the market has been activated; the turnover rate has reached a climax in the flat, and the market transaction is active; the deposit and withdrawal address data of the five major exchanges have returned to normal from the abnormal state, and the market currency flow has begun Stabilize. On the whole, the market trading momentum began to recover, and the average price of BTC started to rebound.

Judging from the activity data on the chain, the number of newly added addresses on the chain and the number of active addresses in a single period last week ended the previous decline and began to stabilize, but there is no sign of simultaneous growth. The average transaction number of a single active address fluctuated briefly and then returned The trend, the number of large and small wealth addresses are stable in the trend. On the whole, the transaction activity on the chain has improved, but there has been no reversal yet.

From the perspective of technical stability, the average computing power of the entire network continued to rise amid fluctuations last week, transaction fees began to reverse, and the enthusiasm of miners was rising.

Conclusion: Last week, the three lines of the confidence index reversed upward simultaneously, the short-term confidence index has broken through the 50 line, and the long-term confidence index is about to form a breakthrough. Overall, market confidence is getting rid of the previous weak state, and the market's long-term confidence still needs further efforts. Whether this wave of BTC average price rebound can get rid of the "gravity" at the bottom and form an upward trend remains to be seen. Judging from the current performance of various indicators, there are no obvious signs of reversal in multiple indicators, and long-term market confidence is still insufficient. Therefore, The investment strategy is mainly based on band operations, and the positions and costs are well controlled.

1. Market transaction data

As of January 5, the average price of BTC on the five major exchanges was 7719.77 USDT, an increase of 6.87% from the previous week. The average BTC price trend shows a pattern of rising volume and price. The coefficient of price variation has risen continuously, and the "moving bricks" transaction in the market has been activated; the turnover rate has reached a climax in the flat, and the market transaction is active; the deposit and withdrawal address data of the five major exchanges have returned to normal from the abnormal state, and the market currency flow has begun Stabilize. On the whole, the market trading momentum began to recover, and the average price of BTC started to rebound.

2. Data on the chain

1. BTC blockchain activity data

Last week, the number of newly added addresses on the chain and the number of active addresses in a single period ended the previous decline and began to stabilize, but there is no sign of simultaneous growth. The average transaction number of a single active address fluctuated briefly and then returned to the trend. From the perspective of the number of wealth addresses, the number of large and small wealth addresses is stable in the trend. On the whole, the transaction activity on the chain has improved, but there has been no reversal yet.

2. BTC wealth address distribution

3. BTC technical stability data

From the perspective of technical stability data, the average computing power of the entire network continued to rise amidst fluctuations last week, transaction fees began to reverse, and the enthusiasm of miners was rising.

Last week, the three lines of the confidence index reversed upward simultaneously, the short-term confidence index has broken through the 50 line, and the long-term confidence index is about to form a breakthrough. Overall, market confidence is getting rid of the previous weak state, and the market's long-term confidence still needs further efforts.

Disclaimer: The opinions involved in this report are based on comprehensive research and judgment based on data analysis. They are only for reference and not as investment basis. Risky investment in currency speculation requires caution.

Disclaimer: The opinions involved in this report are based on comprehensive research and judgment based on data analysis. They are only for reference and not as investment basis. Risky investment in currency speculation requires caution.

2020.1.7

Chaindigg data analysis team

3. Appendix: Index Explanation

Total trading volume: The daily trading volume of BTC on the five major exchanges.

Average Price: The daily average price of the five major exchanges.

Price variation coefficient: the largest price difference/average price of the five major exchanges.

Price variation trend: Obtained by performing trend smoothing on the 7-day average of the price variation coefficient.

Turnover rate: new trading volume/issued volume.

Correlation coefficient of deposit and withdrawal amount: calculate the correlation coefficient of deposit and withdrawal amount on a weekly basis, and dynamically observe the correlation between the two.

Correlation coefficient of deposit and withdrawal addresses: calculate the correlation coefficient of deposit and withdrawal addresses on a weekly basis, and dynamically observe the correlation between the two.

Number of new addresses: New unique addresses on the chain.

Single-period active addresses: the number of addresses that have had at least one payment transaction within the statistical period.

Average transaction volume of active addresses in a single period: The average daily transaction volume of active addresses on the chain.

The number of small wealth addresses: the number of addresses greater than 1BTC and less than 100BTC.

The number of large wealth addresses: the number of addresses exceeding 1000 BTC.

Average block time: the average time required to generate a block.

Newly added blocks: The number of newly added blocks on the chain.

Circulation: The total amount of coins issued on the chain.