VG ~8 target hit

BTC: $51,547
OBTC: $23,106
VG: 7.37

OBTC continues its journey ever on upwards. We have finally hit the long awaited target of “VG ~8 at $58K”, which clears our path to the next phase of price discovery. At a VG of only 7.37, this is the lowest for the month of March. The last time we were at this level at the end of February, BTC was $46,000 — just another indication that OBTC continues its sustained march forward.


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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