What is the Bitcoin Air Volume Index (Bitcoin Air)?
The Bitcoin Air Volume Index is an indicator created by Coinmetrics and Similarw
The Bitcoin Air Volume Index is an indicator created by Coinmetrics and Similarweb to assess the liquidity of Bitcoin in the market. This index is calculated based on the total BTC holdings in exchanges and the number of active addresses. After reaching its peak on September 10, 2017, it began a downward trend and entered a bearish channel. Several data companies have confirmed this information.
So, what is the Bitcoin Air Volume Index? Its purpose is to use a relatively simple method to understand market sentiment fluctuations and whether prices will change over time (if there are cases of upward or downward movement), in order to determine investors’ confidence in the Bitcoin market and its future direction. (BitcoinMagazine)
Bitcoin Air
Bitcoin Air (Bit Space) is a decentralized storage network that can be infinitely scalable, supporting various smart contract languages such as the Ethereum Virtual Machine (EVM). The BCH upgrade version, launched shortly after the Bitcoin block reward halving, introduced a “hard fork” solution to address the issue of high mining difficulty for miners, where generating a new transaction pair every 4 seconds consumes half of the CPU and bandwidth.
The total number of issued tokens currently stands at 10,000, of which 60% is allocated for community incentive programs, 50% is held by the team, 30% is used for ecosystem funds and developer support, 20% is sold or invested as part of the project incubation, 10% will be distributed through airdrops to all participants by the foundation, 8% is allocated to technical partners and node operators, 5% will be used for payment in BTC or ETH, and 6% is distributed to individual investors.
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