🎆 New Year, New Luck! Join the Ultimate Lucky Draw Celebration!
🎉 Gate.io Community Honor Credits New Year Lucky Draw - Phase 6 is officially live!
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📅 Event Time: Dec 30, 2024, 07:00 AM - Jan
Data: BTC SoV estimated size is $1.03 trillion, pump about 85% this year
According to Foresight News, Ki Young Ju, CEO of CryptoQuant, tweeted that the estimated size of Bitcoin's SoV (Store of Value) is $1.03 trillion, with a pump of about 85% this year. The calculation method is based on (off-chain) exchange trading: the funds entering the market through exchanges can be estimated by multiplying the exchange's reserves by VWAP; (on-chain) Over-the-counter Trading and exchange deposits/withdrawals: the execution and settlement of BTC occur simultaneously. The capital inflows of over-the-counter trading or on-chain activities of exchanges can be estimated by the actual upper limit, which tracks the actual changing cost basis.