Bitcoin Rainbow Chart
A Bitcoin rainbow chart using only the halving dates as data.
Data & charts updated every hour
Chart |
This chart shows the daily difference between Bitcoin purchases by US spot ETFs and the daily new Bitcoin supply from mining. The gold line shows the Bitcoin price, while the bars represent "ETF Purchases - New BTC" - when bars are positive (above the zero line), ETFs are buying more Bitcoin than is being created through mining. When bars are negative (below the zero line), new supply is outpacing ETF demand.
The bar values represent the net daily Bitcoin acquisitions by all US spot ETFs minus the daily new Bitcoin supply from mining. The new Bitcoin supply is approximately 450 BTC per day (though this varies slightly due to mining difficulty adjustments). The Bitcoin price line shows the daily closing price in USD.
The zero line (dotted white line) serves as a reference point - values above zero indicate ETF demand exceeding new supply, while values below zero indicate new supply exceeding ETF demand.
When the bars are positive and large, it means ETFs are buying significantly more Bitcoin than is being created through mining, which can indicate strong institutional demand. When bars are negative, it suggests periods where new supply is outpacing ETF purchases. The relationship between these flows and the Bitcoin price (gold line) can reveal how supply-demand dynamics affect market movements.
A Bitcoin rainbow chart using only the halving dates as data.
Shows the relation between BTC mined in a day (expressed in USD) and 365 day moving average.
Visualizes the age distribution of Bitcoin's circulating supply over time.
Bitbo's charts section offers a wide range of Bitcoin charts and metrics.
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