How do I use on-chain data to analyse Bitcoin?
Wolf Alpha
@wolf_alpha
I hear about on-chain analytics but do not know where to start. What metrics should beginners follow?
Smart Money · ICT · Price Action
Wolf Alpha
@wolf_alpha
I hear about on-chain analytics but do not know where to start. What metrics should beginners follow?
Start with these free tools: Glassnode Alerts, CryptoQuant, LookIntoBitcoin. Key metrics: Exchange reserves (declining = bullish), Miner reserve (selling = bearish), NUPL (Net Unrealised Profit/Loss).
MVRV ratio is my favourite: Market Value / Realised Value. Above 3 = historically overheated (sell zone). Below 1 = historically undervalued (accumulation zone). Simple but powerful.
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