3 On-Chain Metrics Crypto Investors Use to Track Bitcoin Network Activity
On-chain data provides valuable insight into the Bitcoin network and BTC price action, but which metrics are useful for the average investor?
The public nature of blockchains continuously generates an endless stream of data, as every single transaction and address leaves a clear trace. This information, known as on-chain data, provides a way to precisely analyze cryptocurrency network activity.
Some on-chain indicators such as the number of active addresses, HODL wave, and hashrate have become well known in the industry, but the general public is really only scratching its surface.
As the number of on-chain metrics available has grown to an overwhelming amount, figuring out which are the most useful to the average investor has also become a task. A good place to start is with Average Exchange Deposits, Bitcoin 'Sent From' addresses, and Miners to Exchanges indicators.