댓글 2개
raonbit
2022.03.23 09:31:20
The 2017 bull market top was followed by a near complete 'destruction' of the new transaction volume that pushed prices to the cycle all-time-high of $20k. Throughout 2018 and 2019, daily settlement volume languished at around $1.5B/day, a level first established in July 2017. Large size transactions (>$1M in value) represented between 10% and 30% of all volume at this time.
raonbit
2022.03.23 09:31:32
In the 2021-22 bear market however, total daily value settlement has continued to trend higher, as measured at the lows of both 50%+ draw-downs. Large size transactions also now represent a sustained 65% to 70% dominance.
Note that transaction volumes are currently at the lows of this established range, and a severe decline may signal a reduction in network utilisation, and would likely favour a bearish case.
2022.03.23 09:28:56