#OnChainInsights

Yes, there are some other On-Chain metrics that can also give strong signals about market trends:

1. Supply on Exchanges

A decrease in supply on exchanges indicates that investors prefer to store their assets in cold wallets, which is usually bullish.

An increase in supply on exchanges often indicates increasing selling pressure.

2. Realized Profit & Loss

If the market records high profits simultaneously (many are selling at a profit), it can indicate a price peak.

Conversely, if many are selling at a loss, it can be a signal of capitulation and a buying opportunity.

3. NVT Ratio (Network Value to Transactions)

Similar to the P/E ratio in the stock market. If the NVT is high, it means that the market capitalization is too high compared to the transaction volume, which can indicate overvaluation.

If the NVT is low, it means that transactions are increasing without a comparable increase in price, which can signal undervaluation.

4. SOPR (Spent Output Profit Ratio)

SOPR > 1 indicates investors are selling at a profit, which could be a signal of an overheated market.

SOPR <span means investors are selling at a loss, which often occurs in the bottom phase before recovery.

5. Funding Rates & Open Interest (Derivatives)

If the funding rate is too positive, it could be a sign of excessive market euphoria and potential correction.

High Open Interest could indicate increased leverage, which poses a risk of major liquidation.

Of these metrics, have you ever used any that have proven effective in your analysis?