ByteTrend Digital
ByteFolio Issue 228;
Bitcoin鈥檚 ByteTrend Score remains a 5 (strong bull) on the daily chart.
Bitcoin Daily
Bitcoin and the leading tokens have done well in recent weeks. Perhaps Uptober came early. ETF flows are rising again, and they now hold 1,411,000 BTC. A new all-time high looks likely, especially if this price action continues.
Bitcoin ETFs
Network activity is healthy with record daily transactions, which confirms it鈥檚 not just the ETFs using the network. Bitcoin is alive and well, and these activity levels are bullish.
Bitcoin Daily Transactions
We are very excited at ByteTree, as ByteTrend.io is now live and has increased our coverage. We currently track 178 tokens but can increase that. The trouble with adding too many is that the good stuff tends to be at the top. There is plenty of noise in crypto!
A quick demo of the weekly trends relative to the World Index. For a crypto token to score a 5 vs the world is a tall order given the market weakness since October. But I suspect plenty of names will show up in the coming months. I've highlighted the upgrades in blue. I think we will pass on Shiba Inu, but good to see Chainlink doing well.
ByteTrend Crypto
On ByteTrend, you can sort tokens at will, download the data via the API, or even feed the data to your AI via the MCP. It is nice to be in sync with the 21st century. This will put our clients in a stronger position than ever before to stay on top of the market.
Mark, the clever one, will add breadth charts and an updated version of BCA, i.e. the ByteTrend Crypto Average. BCA is an equal-weighted index of the top 100 tokens, which is a good gauge of market health and cycles. We will also add Bitcoin trend scores, as we provided on the previous ByteTrend site.
Fasten your seatbelts.
