InwyResearch

Studies · 11 of 13

Alternative data

Sentiment, stablecoin liquidity and Wikipedia attention — free daily data back to 2018. Do they make the trend rule smarter?

Rejected
The question

Does a free alternative-data filter improve the BTC trend rule?

The answer

Each filter helps in one period and hurts in the other

DataFear & Greed, stablecoin supply, Wikipedia pageviews; BTC 2018–2026
TestA filter counts only if it helps in both 2018–22 and 2023–26
The details

Three free sources with long daily histories, each tested as a filter on the BTC trend rule over a period that includes the 2018 and 2022 bear markets.

Risk-adjusted return (Sharpe ratio) by periodA filter must beat “Trend alone” in both periods to pass
2018–20222023–2026
Trend alone0.96
1.50
Avoid euphoria (Fear & Greed)0.61
1.66
Liquidity tailwind (stablecoins)1.25
0.95
No retail mania (Wikipedia views)0.89
1.39

Two useful by-products

Average BTC return over the next 30 days, by attention levelWikipedia “Bitcoin” views vs their 90-day median, grouped into fifths, 2018–2026
Quietest fifth+1.0%
Second+1.5%
Middle+2.0%
Fourth+4.0%
Busiest fifth+11.5%

Attention spikes signal momentum, not tops.