Bitcoin C2C - Volume
As of
Correlation Score
64.33%
C2C (Customer-to-Customer) Volume aims to track the amount of BTC exchanged between individuals. This metric should exclude all transactions to and from: merchants, exchanges, coin swap services, randomizers …
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.
- Historical data is calculated using the bitcoin USD price at the transaction date.