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UTXOracle Chart Overview

The UTXOracle is a decentralized tool designed to estimate Bitcoin's daily price by analyzing on-chain transaction data, eliminating the need for centralized exchange information. Developed by @SteveSimple, this open-source program connects directly to a local Bitcoin node, ensuring that all users derive the same price estimate without relying on external data sources. More details are available at utxo.live/oracle.

How It Works

The UTXOracle Chart

By leveraging actual transaction data, UTXOracle offers a transparent and decentralized approach to Bitcoin price estimation, reflecting the value as determined by the network's participants.