  The behaviour of Bitcoin owners is reflected in the structure and the number
of bitcoin transactions encoded in the Blockchain. Likewise, the behaviour of
Bitcoin traders is reflected in the formation of bullish and bearish trends in
the crypto market. In light of these observations, we wonder if human behaviour
underlies some relationship between the Blockchain and the crypto market. To
address this question, we map the Blockchain to a spin-lattice problem, whose
configurations form ordered and disordered patterns, representing the behaviour
of Bitcoin owners. This novel approach allows us to obtain time series suitable
to detect a causal relationship between the dynamics of the Blockchain and
market trends of the Bitcoin and to find that disordered patterns in the
Blockchain precede Bitcoin panic selling. Our results suggest that human
behaviour underlying Blockchain evolution and the crypto market brings out a
fascinating connection between disorder and panic in Bitcoin dynamics.
