Earlier extremely upcoted submit from about 12 hours in the past was claiming this confirmed retail demand is the bottom in 3 years. Utterly FALSE. OP must be taught what rolling 30 day % change figures are and the way they work.
To place it merely… Shall we say for arguments sake that retail quantity was 100 Bitcoin day by day.
If retail quantity is up roughly 30% over 30 days (AKA the spike within the graph to 30% or so, clearly resulting from election end result), which means day by day retail demand is now 130 Bitcoin.
If over the subsequent 30 days the day by day demand is down 20%, it means day by day demand is now 104 Bitcoin.
AKA the day by day demand just isn’t solely not even remotely near the bottom in 3 years. It's not even the bottom within the final 60 days. It’s in reality increased on the finish of the 20% fall than 60 days prior.
TLDR: Watch out when drawing conclusions from graphs. Particularly graphs of percentages!
submitted by /u/Afrikiwi [comments]
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