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andre_007

Unit value of BTC wallets

Long
BTC/BTC_ADDRESSES  
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BTC/BTC_ADDRESSES  
Beyond Technical Analysis Value Fibonacci Bitcoin (Cryptocurrency) BTCUSD BTCUSDT BTC BTC_SUPPLY BTC_ADDRESSES Fibonacci Retracement DMI dmistochastic
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beyondta value fibonacci bitcoin btcusd btcusdt btc btc_supply btc_addresses fibonacciretracement dmi dmistochastic
At first this is an analysis just out of curiosity, maybe it doesn't mean anything...

The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation.

Then:
BTCUSD = U$ 19 K
BTC_SUPPLY = 19,176 M units
BTC MarketCap = BTCUSD x BTC_SUPPLY = $365.3 B

What would happen if the market value were evenly distributed among all wallet addresses?

Calculation:
BTC MarketCap = $365.3 B
Number of BTC's wallet addresses = 1,036 B
Unit value per wallet = BTC MarketCap ÷ Number of BTC's wallet addresses = U$352

Graphically speaking, the value is in an interesting region, at the 0.618 Fibonacci retracement.

Idee correlate

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