This indicator shows the premium on a percent basis from GBTC's BTC equivalent.
The calculation uses the proportion of GBTC to BTC price, currently 0.000943017 BTC/GBTC.
Users can choose the asset to compare against GBTC (Coinbase:BTCUSD by default).
Thresholds are user input variables that allow the colors to be changed depending on the premium value.
High GBTC premiums would be riskier buys, while lower GBTC premiums, or discounts, would be theoretically lower risk buys for GBTC.
DM for access.
Thanks
The calculation uses the proportion of GBTC to BTC price, currently 0.000943017 BTC/GBTC.
Users can choose the asset to compare against GBTC (Coinbase:BTCUSD by default).
Thresholds are user input variables that allow the colors to be changed depending on the premium value.
High GBTC premiums would be riskier buys, while lower GBTC premiums, or discounts, would be theoretically lower risk buys for GBTC.
DM for access.
Thanks