Do Active Bitcoin Addresses Measure Adoption? What the Metric Actually Shows
Bitcoin logged 686,939 active addresses in a 24-hour window, but wallet design, custody and inscriptions limit what that figure says about adoption.
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Hash Ribbons: Reading Miner Capitulation Through Bitcoin's Hashrate
Hash Ribbons compares 30-day and 60-day Bitcoin hashrate trends to flag potential miner stress, recovery and the limits of the signal.
Bitcoin NVT Ratio: When Network Value Outruns Onchain Transaction Activity
Bitcoin’s NVT ratio compares market capitalization with on-chain transfer volume, showing when valuation moves faster than measured settlement activity.
One Bitcoin Now Buys More Than 18 Ounces of Gold, the Highest Ratio Since January
Bitcoin-to-gold ratio reached 18.17 on September 4, 2026, its highest since January, as bitcoin gained relative purchasing power over gold.
Bitcoin Reclaims $77,500, but 66% Fed-Hike Odds Put Friday's Jobs Report in Control
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Bitcoin and Gold Are Moving Together Again — but the Debasement Trade Has a Weak Point
Bitcoin’s 30-day correlation with gold reached 0.8 in late August, but ETF flows, central-bank buying and rising real yields complicate the trade.
Bitcoin Leverage Resets After a 24% August Rally as Perpetual Open Interest Falls to a May Low
Bitcoin gained 24.95% in August as BTC-denominated perpetual open interest fell 8.5%, pointing to a rally with less leverage.
Bitcoin Mayer Multiple: What Price Versus the 200-Day Average Says About Market Cycles
Bitcoin’s Mayer Multiple compares spot price with its 200-day average, helping place premiums, discounts and historical cycle extremes in context.
Bitcoin Futures Basis Explained: What the CME Premium Says About Institutional Demand
CME Bitcoin futures basis measures the gap between futures and spot prices, but carry costs, arbitrage and open interest shape its meaning.
Bitcoin UTXO Age Bands: What Coin Holding Time Reveals About Market Cycles
Bitcoin UTXO age bands track how long transaction outputs remain unspent, helping readers interpret HODL Waves, supply maturity and their limits.