Willy Woo：在 BTC 价格比率模型下，指数型比特币牛市尚未开始

According to ChainCatcher news, encryption analyst Willy Woo stated on personal social media that under the BTC price ratio model, the exponential Bitcoin bull market has not yet begun. The changes relative to the Bitcoin halving suggest that the current cycle may be structurally a mix of the 2013 (strong demand) and 2017 (spot-dominated) cycles. 2020 was a washout year for derivatives controls.

Willy Woo calls this BTC price model a combination of 3 different price models moving relative to each other. The three price models are: 1. VWAP price (on-chain “investor” transaction volume); 2. Realized price (cost basis); 3. CVDD price (veteran selling, also known as the “bottom” model).