Beginner's Guide to On-Chain Analysis

Learn the what on-chain analysis is and how it differs from traditional trading methods.

Learn how NUPL helps identify market cycles from euphoria to capitulation, and how you can use this on-chain metric to make more informed decisions about when to buy or sell bitcoin.

The Long/Short-Term On-chain Cost Basis metric reveals Bitcoin market sentiment by tracking what different holder groups paid, helping identify bull/bear transitions and key price turning points.

Learn how SOPR (Spent Output Profit Ratio) works as a Bitcoin market sentiment indicator by tracking whether coins are moving at a profit or loss.

Learn how the MVRV ratio is used to assess whether bitcoin is overvalued or undervalued relative to the average price at which coins last moved on the blockchain.

Learn how Long Term Holder MVRV analyzes bitcoin’s most patient investors to identify market tops and bottoms.

Learn how STH-MVRV helps identify market stress periods, potential reversals, and different investor behaviors by measuring the profitability of recent bitcoin buyers.

Learn how the MVRV Z-Score helps crypto traders identify extreme overvaluation and undervaluation periods with remarkable accuracy.

Learn how spot volume is a direct indicator of real buying and selling activity in the crypto market.

Learn what Spot Volume Delta is and how it measures the change in bitcoin trading activity day-to-day and reveals shifts in market buying and selling pressure.

Learn how the “Percent Balance on Exchanges” metric reveals Bitcoin market sentiment by tracking BTC movement between exchanges and wallets, helping predict price trends.

Learn how Net Transfer Volume provides real-time insight into Bitcoin supply and demand dynamics on exchanges, helping predict potential price movements.