Bullish Updates Bitcoin Metrics to Reflect Senior Claims
Bullish's Strategy overhauls Bitcoin metrics to account for senior claims.
The company, which owns CoinDesk, has made significant changes to its approach to evaluating Bitcoin's performance. According to an announcement on Tuesday, Bullish's new strategy includes adjusting the way it measures Bitcoin's market capitalization and trading volume to better reflect senior claims. This change aims to provide a more accurate picture of the asset's liquidity and value.
Senior claims refer to the portion of Bitcoin's total supply that is held by institutional investors, such as hedge funds or family offices. Bullish believes that these claims have a significant impact on the market and should be taken into account when evaluating Bitcoin's performance.