At BGeometrics, we continue to enhance our Bitcoin analysis tools, and we’ve added a new feature that enables automated posting of alerts on X (Twitter) @BGeometrics based on key network metrics. Now, our followers can receive real-time notifications about significant events that may impact the market.
What Alerts Do We Publish?
Our system analyzes every Bitcoin block and generates alerts when certain metrics reach extreme values. The key metrics and events we track include:
- NRPL (Net Realized Profit/Loss) STH (Short-Term Holder): Identifies periods of profit-taking or losses by short-term holders.
- CDD (Coin Destroyed Days): Measures the activity of old coins moving on the network.
- VDD Multiple (Value Coin Destroyed Days): Relates transferred value to the activity of older coins.
- Value Transferred in a Block: The total amount of Bitcoin moved in a single block, removing the change.
- Active Addresses: An indicator of network activity.
- SOPR (Spent Output Profit Ratio): The ratio between the price at which coins were spent and the price at which they were acquired.
- Moving Average Crossovers: We generate alerts when the 10/20, 20/50, and 50/200 moving averages cross, which may indicate trend changes.
- Fear and Greed Index: Measures overall market sentiment, indicating whether investors are overly fearful or greedy.
- Google Trends Bitcoin: Tracks search interest in Bitcoin-related keywords, helping identify shifts in retail attention.
- Large whale movements
Daily Macro Metric Alerts
In addition to block-level monitoring, our system also posts daily alerts when key Bitcoin macro indicators rise above or fall below critical thresholds:
- Bitcoin ETFs: Tracking demand and capital flows in BTC ETFs.
- Open Interest in Futures: The volume of open contracts in derivatives markets.
- Funding Rates: Funding fees indicating buying or selling pressure in perpetual futures markets.
- And many more…
Categories: Bitcoin, Blockchain, BTC, Price, Trader, Trading
These are interesting metrics, particularly the ‘Fear and Greed Index: Measures overall market sentiment, indicating whether investors are overly fearful or greedy.’ metric.
What is the data that indicates each, and how would behavior be differentiated?
I assume in both cases, there are selloffs involved, but how do you differentiate whether it’s out of fear or greed, and therefore, whether it’s a good time to jump in deeper or even back out somewhat?