CryptoQuant User Guide
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  • CryptoQuant数据使用指南
  • 为何市场主体很重要?
  • 15大预置图表⭐
  • Quick Start
    • 巨鲸抛售
    • 矿工售币
    • 巨鲸囤币
    • 大额场外交易
    • 买卖压力
    • 市场趋势
    • 市场情绪
  • Market Indicators
    • MVRV比率
    • 预估杠杆率
    • 稳定币供给比率
  • Network Indicators
    • NVT比率
    • NVT黄金交叉
    • 普尔倍数
    • 存量产量比
    • 存量产量比的回归
    • NVM比率
  • Flow Indicators
    • 交易所巨鲸比率
    • 资金流动比率
    • 稳定币比率
    • 矿工持仓指数
  • Market Data
    • 未平仓量
    • 资金费率
    • 接受者买卖成交量/比率
    • 市值模型
  • Fund data
    • 灰度比特币信托(GBTC)
      • GBTC数字资产持仓
      • GBTC溢价或折扣
  • 灰度以太坊信托(ETHE)
    • ETHE数字资产持仓
    • ETHE溢价或折扣
  • Exchange Flows
    • 交易所储备
    • 交易所流入/流出与净流入
    • 交易所地址数量
    • 交易所交易笔数
  • Stablecoin Exchange Flows
    • 稳定币交易所储备
    • 稳定币交易所流入/流出与净流入
    • 稳定币交易所地址数量
    • 交易所稳定币交易笔数
  • Miner Flows
    • 矿工流出量
  • Inter Entity Flow
    • 交易所间转账总额
    • 矿工向交易所转账总额
  • stablecoin network data
    • Stablecoin Network Data
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On this page
  • Definition
  • Interpretation
  • Use Case
  • Spotting Exit Points for Selling
  • Link to Our Data

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  1. Flow Indicators

矿工持仓指数

矿工持仓指数(MPI)是指所有矿工流出的比特币金额(以美元计算)与该金额365天移动平均数的比值。

Previous稳定币比率Next未平仓量

Last updated 4 years ago

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Definition

Miners' Position Index (MPI) is defined as the ratio of the number of all miners' outflows in USD divided by 365 days moving average of it. This indicator is inspired by Puell Multiple.

Capitulation Index=Total Miner Outflows in USDTotal Miner Outflows in USD (365 days moving average) MPI=Capitulation Index (365 days moving z-score)\text{Capitulation Index} = \frac{\text{Total Miner Outflows in USD}}{\text{Total Miner Outflows in USD (365 days moving average)}} \\\ \text{MPI} = \text{Capitulation Index (365 days moving z-score)}Capitulation Index=Total Miner Outflows in USD (365 days moving average)Total Miner Outflows in USD​ MPI=Capitulation Index (365 days moving z-score)

Interpretation

MPI explains the relative miner's liquidation behavior compared to the historical average, assuming that most of the outflows from miners are heading to exchanges for selling. Also assuming that miners are good at selling their positions at the right time as professional traders, MPI is a good indicator for timing exit points (selling) by duplicating their behaviors. This also helps to view miners' profitability along with Puell Multiple.

Use Case

Spotting Exit Points for Selling

Given the interpretation that MPI helps us to spot selling points, we can benefit from the events where the large MPI values occur. In this use case, we utilize one of the well-known technical indicators called to detect abnormal MPI values. The below chart illustrates detected spots to exit from the market, selling.

Link to Our Data

Miners' Position Index in CryptoQuant Live Chart
Miners' Position Index in CryptoQuant Data API docs
普尔倍数
Bollinger-band