Previous highly upcoted post from about 12 hours ago was claiming this showed retail demand is the lowest in 3 years. Completely FALSE. OP needs to learn what rolling 30 day % change figures are and how they work.
To put it simply… Lets say for arguments sake that retail volume was 100 Bitcoin daily.
If retail volume is up roughly 30% over 30 days (AKA the spike in the graph to 30% or so, clearly due to election result), that means daily retail demand is now 130 Bitcoin.
If over the next 30 days the daily demand is down 20%, it means daily demand is now 104 Bitcoin.
AKA the daily demand is not only not even remotely close to the lowest in 3 years. It's not even the lowest in the last 60 days. It is in fact higher at the end of the 20% fall than 60 days prior.
TLDR: Be careful when drawing conclusions from graphs. Especially graphs of percentages!
submitted by /u/Afrikiwi [comments]
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