Data SourceSEDAPrice ConstructionBTC.D = (BTC Market Cap / Total Crypto Market Cap) x 100, outputting a percentage value (e.g. 61.50).
BTC Market Cap: BTC price (weighted median across Binance, Coinbase, Kraken, OKX spot feeds via SEDA) multiplied by circulating supply (~19.8M, deterministic from block height, changes <0.001%/day).
Total Crypto Market Cap: Sum of market caps for the top 20-30 tokens by capitalization. Each component uses the same weighted median price sourcing through SEDA. Circulating supplies for major coins are queryable on-chain or cached with daily refresh. Top 20 tokens cover 90%+ of real total market cap, making this proxy extremely accurate (r > 0.99 vs full-market calculation).
Stablecoins excluded from the total to match the industry-standard TradingView definition that traders use as their reference.
Update frequency: every 3 seconds per HIP-3 requirements. BTC.D's low per-second volatility means the 1% mark price clamp will essentially never bind. Manipulation resistance is strong since moving the ratio requires billions in coordinated capital across dozens of assets simultaneously.Volume StrategyThe biggest advantage is that BTC.D doesn't need demand generation - the demand already exists. Every crypto trader already monitors BTC dominance daily. "Alt season" and "BTC dominance" trend on CT weekly. The market sells itself on recognition alone.
That said, my plan to amplify it: targeted CT content around the launch framing this as the first-ever BTC.D perp anywhere (that headline alone gets engagement). Posting trade setups and BTC.D analysis tied to real catalysts (FOMC, ETF flows, meme rotations) to show people how to use the instrument. I'll also push it through Hyperliquid trading communities and Telegram groups where I'm active. Every time BTC.D makes a notable move, that's free marketing because people are already talking about it - now there's finally something to trade.
Launch in Growth Mode to keep fees low and attract early volume. Once liquidity establishes, the market sustains itself through recurring catalysts (FOMC 8x/year, weekly ETF reports, token launches, meme cycles).Distribution ChannelYesDistribution DetailsActive on X (@ThatNFTGawd) in the Hyperliquid and crypto trading space. Part of a large Tread market-making group with connections to active MMs in the HL ecosystem. Also embedded in HL trading communities and Telegram groups. Directly plugged into the exact audience that would trade this product day one.