Module Doc - Cluster Map

Cluster map

This module displays a graphic map representation of the USD prices correlations from last week. The price data is based on CoinMarketCap prices calculation : it aggregates data from most of the serious exchanges and convert this data into a single human-readable USD value. Read more about it in their methodology documentation.

The dots in color represent the coins of your dashboard, and they will always be displayed. The black dots represent the top marketcap coins, and you can change their number with the slider. The size of a dot depends on the marketcap of the corresponding coin, but the dependance is non-linear for display convenience, so this should only be used to identify coins easier. Hovering a dot will give you the name of the coin.

This is a mechanical simulation : each link apply a force closing the two coins it connects. The intensity of the force depends on the coins prices correlations on the last 7 days. Note that for readability, only the stronger correlations get their links.

The graph is updated every day.

How to use it

As you can see, there's a lot of information on this graph : lot of dots, lot of links. You shouldn't try to analyse each connection individually : the task would be difficult as the module hasn't been built for that, and maybe it won't be so relevant as the noise in prices data is not always meaningful and individual correlations can be quite sensitive to this noise.

The idea is to take advantage of the mechanical simulation to interpret the resulting positions of the coins : the more coins are close to one another, the more they have been correlated the past week. The graph sometimes brings out clusters that allow to very quickly detect common tendencies between coins, and thus give you some good leads to find out what common denominators shaped the market recently. Don't hesitate to play around with the graph (you can click and drag the dots) and see how it responds.

For example, on the above screenshot you easily see different clusters, they represent similar price evolution from last week. You'll find below the corresponding prices chart that confirms that conclusion and will help you visualize the meaning of the cluster map :

  • ETH and BNB (red and blue) are found close in the right cluster and have very similar prices evolutions
  • TRX and ATOM (green and pink) are found close in the left cluster, have very similar prices evolutions, and these evolutions substantially differ from ETH and BNB.
  • There is a small cluster of 4 coins, completely separated from the others, where we can find USDT (orange). This is the stable coins cluster.
prices correlations
Timeline prices corresponding to the cluster map on top of this page