Unlocking Bitcoin Insights Through Twitter Volume
Bitcoin remains the world's most prominent cryptocurrency, consistently gaining momentum and attracting investors across all spectrums. Its price has surged over 100% year-to-date, with many experts forecasting continued growth. However, Bitcoin’s notorious volatility, characterized by sharp price drops, poses risks for traders holding positions over intermediate timeframes. There is an overlap between active cryptocurrency traders and Twitter (or X) users discussing Bitcoin and related topics.
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At Context Analytics we lead the industry in leveraging Twitter data for financial intelligence, with cryptocurrencies being one of the analyzed asset classes. This blog explores how Twitter volume can serve as a predictive signal for Bitcoin’s weekly returns, focusing on an engineered volume metric that captures the macro-level cryptocurrency conversation.
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