#链上数据洞察 On-chain data refers to all data recorded on the blockchain, including transaction information, smart contract interactions, token transfers, etc. Due to the openness, transparency and immutability of the blockchain, on-chain data provides investors, analysts and researchers with valuable resources to gain in-depth insights into the blockchain ecosystem and market dynamics.
Importance of on-chain data
By analyzing on-chain data, you can:
• Monitor market sentiment: observe capital flows, transaction volumes and the number of active addresses to determine market trends.
• Identify potential risks: discover abnormal large transfers or contract activities, and warn of possible security incidents.
• Optimize investment strategies: make more scientific trading and investment decisions based on data analysis.
Commonly used on-chain data analysis tools
The following are some mainstream on-chain data analysis tools:
• Glassnode: Provides on-chain indicators and market insights for multiple cryptocurrencies to help users understand market dynamics. 
• Hemera: Supports multi-chain data aggregation analysis to help users gain in-depth insights into transaction paths and capital flows on the blockchain. 
• JDB: A data analysis tool based on the EVM chain, supporting BSC and Ethereum blockchains, helping investors screen on-chain data insights that are conducive to decision-making. 
Real-time case analysis
Recently, on-chain data analysis showed that a cryptocurrency whale purchased VIRTUAL tokens again after experiencing a major loss. The whale address invested 419 ETH (about 1.14 million US dollars) and purchased about 1.049 million VIRTUAL tokens at an average price of 1.09 US dollars. Previously, the address had bought 5.038 million VIRTUAL at an average price of 2.76 US dollars, and then sold it at 1.76 US dollars, resulting in a loss of about 5.02 million US dollars.
As of now, the price of VIRTUAL is 1.24 US dollars, with a daily high of 1.32 US dollars and a low of 1.11 US dollars. This shows that the whale chose to re-enter the market after the price fell, and may be optimistic about the future performance of VIRTUAL.
