Network Momentum is a view created by PositiveCrypto which looks into the value transmitted through the Bitcoin blockchain denominated in BTC value plotted against Bitcoin`s price. It serves as a leading indicator to bitcoin price, in that we need high levels of value throughput to drive the bull market. This indicator is experimental.
Note that Liquid, Bitcoin`s first sidechain, went live 10 Oct 2018, taking volume off the main chain. Thus we can expect on-chain value throughput after this date to differ from previous baselines.
Data for BTC value transmitted by the blockchain via Blockchain.com. This is an estimation, Blockchain.com use their own proprietary estimation method.