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BTC Benford's Law

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Leading-digit distribution of BTC daily absolute returns vs. Benford's prediction.

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What this chart shows
Methodology

For each daily close-to-close return on BTC, take |return| and read its leading non-zero digit (1–9). Count how often each digit appears and compare against Benford's analytical distribution P(d) = log10(1 + 1/d). A close match is a hallmark of an unmanipulated natural process — useful as a sanity check on the price series.