ByteTree Market Health Update; Issue 43

ByteTree’s new and improved metrics

The recent boom in privacy coins has prompted us to up our game.

Network Demand Model

Like all good companies, ByteTree has several backup procedures and a disaster recovery plan. What if ByteTree data shut down, or what if a privacy boom skewed some of our metrics? Sadly, I can’t share our secret sauce due to the rampant plagiarism in this space, but I can say we have separate and independent systems, and “manual” means of collecting data from the blockchain. At no point has the network demand strategy given a false buy or sell signal. The dip in early September was macro related as the Nasdaq took a knock and was little to do with the Bitcoin Network.


As you know, ByteTree associates bull markets with buoyant velocity and vice versa. We don’t just think that we know, because it is a statement that is backed up by data and results. In a recent interview with a senior blockchain strategist on a leading crypto news channel, the discussion suggested that low velocity implied high HODL and therefore justified high valuations. That is 100% nonsense.

Applied data for digital asset investors. ByteTree provides real-time data, fundamentals, technical and deep blockchain market analysis for Bitcoin, and more.

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