This New Bitcoin ‘Days Destroyed’ Metric Paints a Bright Picture for Price
Markets and Prices Senior Quantitative Researcher, Hans Hauge, from Ikigai, has just released a series of new metrics for gauging Bitcoin demand which suggests ‘the market bottom is behind us’. Let’s break down the findings. In Hauge’s analysis, he identifies two separate classes of traders that participate in the Bitcoin market, who have a direct effect on the coin’s demand; The “Newbs” and the “Veterans”.
