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Bityard is a leading cryptocurrency exchange. Bityard is often referred a one-stop trading platform for global investors. It has continued to bring professional, convenient and new trading services to global users since 2019. With a new slogan “Grow your future in the Yard” and a fundamentally improved user interface, takes cryptocurrency trading to a whole new level, providing users with a better trading experience.
Today, Bityard has released a new section in their app that helps traders make more informed decisions completely powered by IntoTheBlock. The section shows, for every crypto asset, some of IntoTheBlock’s indicators based on blockchain, price, social and other datasets on top of which statistical and machine learning models have been applied.
Holders Making Money at Current Price: Percentage of addresses that would realize a profit if they were to sell at current price vs those that would realize a loss.
Concentration by Large Holders: the % of the asset that is concentrated in addresses holding more than 0.1% of the assets in circulation.
Holders’ Composition by Time Held: breakdown of the level of activity of the owners of an asset: how many addresses have held the asset for more than 1 year, less than 1 month, or somewhere in between.
Transactions Greater than $100k: shows the number and trend in onchain transactions larger than $100,000, providing an indication of activity and momentum of large players.
Transaction Demographics: a breakdown of the number of blockchain transactions that occur during “Eastern” (Asian) trading times vs. Western trading times.
Exchanges Inflows and Outflows: uses ITB’s machine learning based models to determine the flows of an asset going into/out of the largest exchanges covered by ITB.
The bottom part of this section of the IntoTheBlock’s signals, which are based on the momentum of some of ITB’s most relevant indicators.
For those traders interested in more detailed analysis, the “Dive Deeper” buttons redirect them to the IntoTheBlock Platform, where they will have access to a portfolio of over 120 intelligent signals about traditional crypto assets, specific markets such as DeFi, and event price prediction models.
At IntoTheBlock, we are excited about this new partnership that allows us to deliver our data to the growing crypto community in Bityard. We look forward to hearing about your experience with Bityard and IntoTheBlock.
IntoTheBlock Partners with trading platform Bityard was originally published in IntoTheBlock on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.