BTC Social Volume

• Both Social volume and transaction volume have been consistent with few outlier days of really high volume. The price of BTC; however, has seen a rise at the start of August where we can also see a rise in transaction volume and slight jump in social volume at the same time. Since it would seem that had an influence on the subsequent rise in price we can assume sentiment around that period was very positive. Now towards the end of September we are seeing the same correlation between volumes but downward price action due to news such as Chinas ban, the Evergrande situation, and looming US infrastructure bill. It is a simple indicator to get a sense for how investors may be adjusting their trading strategies or just what to expect in the short term.