Bitcoin C2B - Transactions Count
As of
Correlation Score
-53.37%
C2B (Consumer-to-Business) Transactions Count aims to track the number of transactions from Customers to Businesses. A good example might be purchasing an item from an online store using Bitcoin.
The algorithm infers "Institutional" addresses using this 3 metrics:
- Transactions frequency
- Time the accounts do a high amount of transactions
- Amount spent and received
Assumptions made:
- High transactions frequency is a good indicator of an account that does programmatic transactions.
- Business accounts seem to be active every day or follow a pretty strict activity pattern.
- Businesses tend to move a lot more money than Customers.
*Note
- Only On-chain data was used to compute this metric. Transactions executed off-chain on Lightning Network are not being taken into account.
- Customers addresses are all addresses that the algorithm did not infer as Business addresses.
- Correlation Score is the Pearson correlation coefficient.