Bitcoin (BTC) is setting new records in almost all aspects except USD spot price, says a new digest, which concludes that 2020 is not like the 2017 rally.
In a blog post on Nov. 17, Nic Carter, co-founder of statistics resource CoinMetrics, highlighted nine charts which as of this week are higher than ever.
10 charts highlight “clear improvements”
From wallet balances over $10 to institutional holdings and even Bitcoin spot prices in various fiat currencies, the data shows that Bitcoin is outperforming on a historic level.
“To sum up, today’s market is far more mature, more financialized, more surveilled, more orderly, more restrained, less reflexive, more capital-efficient, and more liquid than the market that powered the prior bull run in 2017,” Carter summarized.
“In these nine charts, I covered a variety of factors where clear improvements are manifestly present when we compare today’s market environment with the bull run of yesteryear.”
PlanB, creator of the stock-to-flow