Velocity
Velocity is a measure of how quickly units of currency are circulating in the network.
Indicator Overview
Velocity is a measure of how quickly units are circulating in the network, and is calculated by dividing the on-chain transaction volume (in USD) by the market cap (i.e. the inverse of the NVT Ratio).
How is it measured?
Velocity is calculated by dividing the on-chain transaction volume (in USD) by the market cap (i.e. the inverse of the NVT Ratio)
Further Resources
Willy Woo - Bitcoin Velocity vs. US Money Stock
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