PANews reported on December 30 that according to CryptoQuant CEO Ki Young Ju's estimates, combining on-chain and off-chain data, the total stored capital of the Bitcoin network has grown by 85% this year, reaching $1.03 trillion. The estimation method includes:
1. Off-chain transactions: Capital flowing into the market through exchanges is calculated by multiplying the exchange reserves by the VWAP (Volume Weighted Average Price).
2. On-chain transactions: Utilizing Realized Cap to track capital inflows from over-the-counter (OTC) trades and exchange on-chain activities.
The above data collectively forms the 'Store of Value Index' (SoV Index), reflecting the level of capital storage of Bitcoin in the network.
