💓 [Analysis] Liveliness of Bitcoin - Tamas Blummer

Using data from the Bitcoin ($BTC) blockchain, Tamas Blummer has created a new quantitative measurement for HODLing analysis. The Bitcoin blockchain contains the ins and outs of every Bitcoin transaction to ever occur, allowing for financial insight unknown to traditional markets. Liveliness is a measurement of stake; stake is the holding period multiplied by the amount held. A ratio between one and zero, liveliness can be described as the "inverse measure of lost or HODLed Bitcoins." As the inverse, Blummer concludes, liveliness can both show the movements of old and large stashes and be used as a weight against market caps, as weaker coins will have liveliness approaching zero.