#OnChainInsights
On-chain metrics from cryptocurrency blockchains provide unique adoption metrics and price signals related to apparent user motivations.
The number of active addresses on the Ethereum platform, which has been associated with positive price action, has been showing a significant uptick recently.
Confirmed Bitcoin transactions and payments have recovered since the July slump caused by China’s crackdown on trading and mining.
The current BTC count on the exchange is at its lowest point in the past 12 months and is declining. This indicates price strength and that participants are maintaining a HODL position.
