Daily slopes or normalized returns are the most stable BTC parameter. It tells us the core behavior of Bitcoin statistically.
The include both its stochastic behavior and the long term power law deterministic growth. Even during these chaotic recent changes the parameter behaves in a similar fashion in the past. Its mean is around 5.9 that is the same slope we observe using regression. It tends to regress to mean if push too much in either direction.
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Daily slopes or normalized returns are the most stable BTC parameter. It tells us the core behavior of Bitcoin statistically.
The include both its stochastic behavior and the long term power law deterministic growth.
Even during these chaotic recent changes the parameter behaves in a similar fashion in the past.
Its mean is around 5.9 that is the same slope we observe using regression. It tends to regress to mean if push too much in either direction.