Iran and Market Behavior: A Deep Dive with On-Chain
cryptoquant.substack.com
With the recent Iran Crisis, the price of Bitcoin rose in tandem with that of gold and oil, assets that are traditionally known as safe-havens/hedges against uncertainty. Following the event, many people have been asking if this proves the narrative that Bitcoin is becoming a hedge against risk. Although statistical correlation is still a ways away, we use on-chain data to observe the behavior of traders, and to see if those wanting to hodl increased during this period.
Iran and Market Behavior: A Deep Dive with On-Chain
Iran and Market Behavior: A Deep Dive with…
Iran and Market Behavior: A Deep Dive with On-Chain
With the recent Iran Crisis, the price of Bitcoin rose in tandem with that of gold and oil, assets that are traditionally known as safe-havens/hedges against uncertainty. Following the event, many people have been asking if this proves the narrative that Bitcoin is becoming a hedge against risk. Although statistical correlation is still a ways away, we use on-chain data to observe the behavior of traders, and to see if those wanting to hodl increased during this period.