OPEN-SOURCE SCRIPT

On-chain-momentum

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Here we have weighted each individual component evenly, and applied a simple condition to flag when 4-of-8 conditions are met in blue. This has historically identified periods when the Bitcoin market is in a sustainable uptrend. We can also flag when all eight conditions are met in purple, indicating periods with extremely strong positive momentum across all categories.
  • A positive momentum is realize when at Least 4-of-8 on-chain momentum conditions met.


  • Strong Momentum (All 8-of-8 Conditions Met)

This suggests the market is experiencing overall negative momentum, and is typically experienced throughout bear markets, including the initial inflection points.
  • Negative Momentum (Fewer than 3/8 Conditions)

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