Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Recently stumbled across this nifty little python script:
https://utxo.live/oracle/
It claims to find the daily market price by transaction analysis only.
I am still trying to wrap my head around the concept behind it, but for now I'll stick with 'kinda magic'.
I gave it a try on my node and it came up with a price of $97133 for Feb 11th 2025 and $97164 for Feb 10th 2025.
I then tried with Feb 12th 2024 and it gave me $48195 which seems pretty accurate too.
Who would have thought that the blockchain even contains price information..
Friggin amazing what they did there if you ask me.
https://utxo.live/oracle/
It claims to find the daily market price by transaction analysis only.
I am still trying to wrap my head around the concept behind it, but for now I'll stick with 'kinda magic'.
I gave it a try on my node and it came up with a price of $97133 for Feb 11th 2025 and $97164 for Feb 10th 2025.
I then tried with Feb 12th 2024 and it gave me $48195 which seems pretty accurate too.
Who would have thought that the blockchain even contains price information..
Friggin amazing what they did there if you ask me.
Cool, was this a typo?
No, according to https://finance.yahoo.com/quote/BTC-USD/history the price oscillated between 47745 and 50280 on that day.
Though I should have taken the 11th Feb 2024 to avoid any confusion, I guess you overlooked the 2024 as it would seem natural to continue with the 12th Feb 2025 but as the tool only can calculate a price when the day ends that was not available at the time I posted.
I just wanted to take another sample from some time back, like 1 year in this case (it takes a few minutes on my older node to run the script for a single day so I only took one).
I hope I got your question right, otherwise apologies for appearing like a smartass
