Willy Woo Reveals Paper BTC To Real BTC Ratio Of 20%-30% In Token2049 Speech
Key Points:
- Bitcoin analyst Willy Woo suggests the paper BTC to real BTC ratio falls in the 20%-30% range.
- Twitter user therationalroot’s analysis indicates a more modest “dilution” range of 10%-20%.
According to Bitcoin analyst Willy Woo, the Paper BTC To Real BTC Ratio is in the range of 20%-30%. However, considering the adjusted analysis, the range is more modest at 10%-20%.
In a recent speech at Token2049, Bitcoin analyst Willy Woo delved into the fascinating world of Bitcoin liquidity, shedding light on a critical aspect: the ratio between paper BTC and highly liquid real BTC used for spot trading.
Adding to this discourse, Twitter user therationalroot revisited Willy Woo’s original chart, comparing the total value of open interest contracts in futures trading to Bitcoin’s Highly Liquid Supply, and stated that Woo’s reevaluation indicated a “dilution” of 20-30%.
However, Root said when considering Liquid Supply, the range narrows to 10-20%, suggesting a more accurate estimate of actively traded supply.
His data indicated a “dilution” of 20-30%. However, I’ve extended the analysis to include a comparison with both Highly Liquid and Liquid Supply. I think including Liquid Supply is a better estimate of actively traded Supply. This adjustment suggests a more modest “dilution” range of 10-20%.
therationalroot wrote
Besides, to gauge the division of liquidity supply, analytics platform Glassnode employs a metric based on cumulative outflows and inflows throughout an entity’s life cycle. This approach provides valuable insights into the evolving dynamics of paper BTC versus real BTC.
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