#OnChainInsigths : Analyzing Blockchain Data for Market Trends**
On-chain insights refer to the analysis of data and metrics recorded on a blockchain, such as transaction volumes, wallet addresses, and smart contract interactions. These insights provide valuable information about market trends, investor behavior, and network activity. Here are some key on-chain insights across major blockchain ecosystems:
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### **Bitcoin On-Chain Insights**
1. **Increased Accumulation**: Bitcoin's accumulation trend score has risen to 72%, signaling heightened buying pressure as more investors hold onto their BTC rather than selling.
2. **Reduced Selling Pressure**: The selling pressure score has dropped to 28%, indicating that fewer investors are offloading their Bitcoin, which could contribute to price stability or upward momentum.
3. **Growing Whale Population**: The number of Bitcoin whales (addresses holding 1,000+ BTC) has increased by 2.5% in the past month, suggesting that large investors are accumulating more Bitcoin.
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### **Ethereum On-Chain Insights**
1. **Ethereum's Active Addresses**: The number of active Ethereum addresses has hit a 3-month high, reflecting increased network activity and user engagement.
2. **ETH 2.0 Deposit Contract**: The ETH 2.0 deposit contract now holds a total balance of 18.1 million ETH, worth approximately $45.6 billion, showcasing strong participation in Ethereum's transition to Proof of Stake.
3. **Gas Price Decrease**: Ethereum's average gas price has decreased by 35% over the past week, making transactions more affordable and improving the network's usability.
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