Bitcoin’s Daily Summary: An Alternative Perspective Where Size Matters
14 Pages Posted: 18 Oct 2022
Date Written: October 11, 2022
Abstract
The aim of this paper is to present Bitcoin daily summaries such that transaction size is taken into account, rather than just the Bitcoin price. However, in doing this analysis a number of unusual trading patterns emerge. The most intriguing are the 6,000 0.09621094₿ transactions during March 2020 and the number of identical obscure transaction sizes that occur more than 50 times in a single day. Small transactions are also an issue with many moving the value of the Bitcoin price more than the monetary value of the small transaction.
Keywords: Bitcoin, Transaction Size, Daily Summary, Kraken
JEL Classification: F65, G15
Suggested Citation: Suggested Citation