#onchaininsights **š On-Chain Insights: What does blockchain tell us about cryptocurrencies? š”**
Blockchain is not just a technology, it is an **open book**. Every transaction, every movement of funds, and every smart contract leaves traces in this immutable record. Today, we explore **"on-chain insights"**: the data that allows us to read between the lines the pulse of the crypto market. š
ā **What are on-chain insights?**
They are analyses based on public blockchain data:
- š **Flow of funds**: Where is the money moving? (Ex: large transfers to exchanges can indicate massive sales).
- š **Whale activity**: Monitor institutional wallets or key investors.
- š **Holders vs. Traders**: Percentage of tokens held by long-term hodlers vs. speculators.
- ā” **Network health**: Hashrate in Bitcoin, staking in Ethereum, transaction congestion.
š„ **Why are they key?**
- **Radical transparency**: Unlike traditional markets, there is no "black box" here.
- **Early trends**: Detecting token accumulation by whales before a price pump.
- **Security**: A drop in Bitcoin's hashrate could alert to risks in the network.
š **Recent examples**:
- The increase in active addresses on Ethereum is often correlated with increases in ETH.
- The silent accumulation of Bitcoin by institutional ETFs in 2024.
- The massive "burning" of tokens in projects such as Shiba Inu, visible in smart contracts.
š ļø **Tools to explore**:
- **Glassnode** (advanced metrics).
- **Etherscan** / **BscScan** (transaction tracking).
- **Nansen** (ballera tracking and *smart money*).