Closing in on VG ~5

OBTC
Jul 27, 2021

BTC: $37,445
OBTC: $25,214
VG: 4.39

As mentioned in previous post, VG ~5 remains our target, currently at ~$40,500. Interestingly, there was an intraday candle right at that, but ultimately we closed much lower at $37,445. Certainly some spicy volatility yesterday, after a fair while. However, from our perspective, we’re still in the sideways no man’s land zone. I’ll update as we get closer to VG ~5 and see if we can break through.

The last time BTC broke through VG ~5 was when price was $14,000 in November 2020. We’ve come a long way since!

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OBTC

OBTC is an attempt to value BTC using on-chain activity. I’m just a bitcoin investor, not a professional quant, please do not take this conjecture too seriously