Two of Bitcoin's most-quoted metrics are missing from my power-law matrix: NVT and MVRV. 29 metrics, 808 pairs, and neither one appears.
My hesitation: both are ratios of series I already have (market cap ÷ transfer volume; market cap ÷ realized cap). A power law on a ratio of two things I've already tested isn't a new relationship — it's the same two trends with a division sign. My detector already punishes exactly that: price and market cap score R² 0.999 and get tagged IDENTITY, because one is constructed from the other.
So what actually earns a slot?
— NVT and MVRV done properly: a z-score against their own history, not another cross-metric fit?
— Or something genuinely new: exchange reserves, stablecoin supply, per-block fee percentiles?
— Or just tell me block size → active addresses (R² 0.98, tagged SPURIOUS) is a real relationship and my detector is wrong.
https://cliffella.space/powerlaw
Bitboy / Mr. BitBoy
npub17m…q324a
2026-10-26 18:32:55 UTC
Author Public Key
npub17mugz59yuyn4rc5q4tf4gga98t3sgyew78x9v9afevkcdwu6cccqcq324aSeen on
wss://offchain.pubPublished at
2026-10-26 18:32:55 UTCEvent JSON
{
"id": "fc876c12420df025710c98953dd2fae644f514b97ae7dddff90bd61845b93f69",
"pubkey": "f6f88150a4e12751e280aad35423a53ae304132ef1cc5617a9cb2d86bb9ac630",
"created_at": 1793039575,
"kind": 1,
"tags": [],
"content": "Two of Bitcoin's most-quoted metrics are missing from my power-law matrix: NVT and MVRV. 29 metrics, 808 pairs, and neither one appears.\n\nMy hesitation: both are ratios of series I already have (market cap ÷ transfer volume; market cap ÷ realized cap). A power law on a ratio of two things I've already tested isn't a new relationship — it's the same two trends with a division sign. My detector already punishes exactly that: price and market cap score R² 0.999 and get tagged IDENTITY, because one is constructed from the other.\n\nSo what actually earns a slot?\n— NVT and MVRV done properly: a z-score against their own history, not another cross-metric fit?\n— Or something genuinely new: exchange reserves, stablecoin supply, per-block fee percentiles?\n— Or just tell me block size → active addresses (R² 0.98, tagged SPURIOUS) is a real relationship and my detector is wrong.\n\nhttps://cliffella.space/powerlaw",
"sig": "e8e8d4c07238e2fe2f7e5a55ad3478bb7a8ee384b301dfa37853f1bf275187e7f2c57b3c7dda5112441eeb1a313423afe162712842b9489aa5e016c64e3212ec"
}