Crypto Market Key Indicators:
1. Active Addresses Growth
If active addresses are increasing while price is moving sideways, it's a bullish signal. More users = More demand = price tends to follow.
Example:
In 2020, Ethereum's active addresses grew while price stayed flat. A few months later, ETH did a 10x run.
How to Check:
Use websites like Glassnode, Santiment, or IntoTheBlock.
Look for metrics like "Active Addresses 7D Average."
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2. CEX Outflows
When coins are moving off centralized exchanges, it's a good sign. People usually withdraw coins when they want to hold, not sell. Less supply = more upward pressure for the price.
Example:
In late 2020, Bitcoin outflows from Coinbase spiked and BTC rallied from $10k to $60k.
How to Check:
Use tools like CryptoQuant, Glassnode, or Nansen.
Look for "Exchange Netflow."
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3. Liquidation Heatmaps
Big moves often chase liquidations (forced buys or sells). If a heatmap shows a lot of stop-losses at a level, whales might hunt them. Price often spikes or dumps into those areas.
Example:
In May 2021, Bitcoin crashed through $40k, liquidating tons of longs, just like the heatmaps predicted.
How to Check:
Use Coinalyze, Hyblock Capital, or Tensorcharts.
Look for "Liquidation Levels" or "CVD + Liquidation Maps."
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4. Realized Cap vs Market Cap
Market Cap = Price × Supply
Realized Cap = True value based on the last movement of coins.
If Realized Cap grows faster than Market Cap, it means smart money is quietly buying while others panic.
Example:
In 2022, BTC's Realized Cap stayed strong during the bear market and set the base for the 2023 rally.
How to Check:
Use Glassnode and Messari for Realized Cap charts.
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5. Stablecoin Supply on Exchanges
More stablecoins (like USDT, USDC) on exchanges = buyers are ready. Less stablecoins = people pulling money out.
Example:
In March 2023, stablecoin inflows jumped, and Bitcoin pumped from $20k to $30k right after.
How to Check:
Use CryptoQuant or Nansen dashboards.
Check “Stablecoin Reserve on Exchanges” data.
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These are the key indicators that can help you track the crypto market and make more informed decisions. Stay updated, track these metrics, and get ready for the next market move!
