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TL;DR
Just lately, there’s been a sudden spike in exercise on the BTC community, resulting in community congestion, and extra transactions ready to get verified.
The Z-score is often constructive throughout a bull market and detrimental throughout a bear market.
Let’s do not forget that this is only one indicator of whether or not now we have/haven’t entered right into a bull market.
Full Story
The supply article we based mostly this off is a mind bender: “The 2-year ‘Z-score’ for miner income from charges has turned constructive.”
Confused? Identical. Let’s dive in and make sense of all of it.
Transaction charges (aka fuel charges) in crypto are sort of like postage charges.
You’ll be able to pay for normal put up; or you’ll be able to pay for categorical transport to get your bundle delivered further shortly.
Transaction charges are relative to the transaction dimension and quantity of congestion on the community.
Just lately, there’s been a sudden spike in exercise on the BTC community, resulting in community congestion, and extra transactions ready to get verified.
Greater transactions/extra congestion = greater transaction charges.
(And extra folks prepared to pay for ‘categorical transport’).
Once more, from the article: “The Z-score measures the variety of normal deviations from the two-year imply price income.”
What which means, would not actually matter.
What it’s best to know is: the Z-score is often constructive throughout a bull market and detrimental throughout a bear market.
Extra of a visible particular person?
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