In a world where a single tweet can trigger a million-dollar swing, the trader with the best data wins. But where do you find that data? A complete guide about best Resources for Crypto On-Chain Analysis, In this article we discussed the four platforms there you can find the on-chain data for your trading journey.
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Best Resources for Crypto On-Chain Analysis.
Crypto Market is highly volatile and highly manipulative, there you cannot trade only on the basis of Technical and Fundamental analysis, There are multiple factors to consider while trade crypto. This market can be easily manipulated by smart money as compared to Forex and Stock market, and retailers (small traders) are trapped again again by them, If you want to become successful in crypto market so you should look for other factors rather than technical or fundamental analysis like, Sentiment analysis, News, On-Chain analysis, Fear and greed index and others.
On-Chain analysis is the important factor to consider while trading crypto market because it plays a major role in your trading decision. In this blog we completely focused on On-Chain analysis for the Crypto Market, In this guide we discussed in detailed what is On-Chain analysis and what are the platforms there you can track on-chain activity, and what impacts it can bring on the market.
There are four platforms you can use to track on-chain activity, we provide the overview of each platform in this guide, and how they can be used to improve trading.
1. Glassnode: Deep-Dive On-Chain Analytics.
Glassnode is mainly known for traders seeking to understand the intricate workings of blockchain networks. Unlike platforms focused solely on price charts, Glassnode provide on-chain data, broader view of transaction flows, Network activity, and overall market health. It stands with the ability to convert raw blockchain into actionable insights.
Key features include the monitoring of active addresses, revealing network usage and potential user adoption trends. Transaction volume analysis helps traders understand market liquidity and identify periods of accumulation or distribution. Supply distribution metrics, meanwhile, understand the concentration of assets among various holders, offering clues about potential price volatility.
The platform’s live workbenches are particularly valuable, Its also allows users to customize and visualize data in real-time. observing a surge in active addresses alongside a decrease in exchange inflows might signal growing user adoption and potential price appreciation. Conversely, a spike in exchange inflows accompanied by low transaction volume could indicate a sell-off.
Glassnode caters particularly to investors and long-term traders who focused on long term trading and who are seeking to understand the underlying fundamentals of crypto assets.
Key Features:
- On-chain data analysis (active addresses, transaction volume, supply).
- Customizable live workbenches.
- Advanced charts and data export.
- Real-time alerts.
2. Coinglass: Derivatives and Liquidation Insights.
Coinglass stands for providing insights to the derivatives market, It mainly focus on Futures, Options and Liquidation data. This platform is very beneficial for short term traders and who are interested in futures trading.
Open interest, funding rates, and liquidation heatmaps are core components of Coinglass’s offerings. Open interest provides a view of outstanding derivative contracts, which shows market participation and potential price swings. Funding rates shows the sentiment of traders in the perpetual market, indicating whether long or short positions are dominant. Liquidation heatmaps show the areas where large numbers of levaraged positions are at risk of liquidation, highlighting potential volatility spots.
Coinglass offers a variety of calculators to help with risk management. For example, traders can calculate the potential liquidation points and position size according to their risk tolerance. By regularly tracking these metrics traders can predict future price movements.
This platform is particularly beneficial for short-term traders and who are interested in futures trading, providing the necessary tools to predict the next move of the market.
Key Features:
- Derivatives data (open interest, funding rates, options).
- Liquidation heatmaps.
- Risk calculation tools.
- Futures and options data from many exchanges.
3. Messari: Comprehensive Fundamental Analysis.
Messari holds a good position in a Crypto space specially for a fundamental analysis of crypto projects, It goes beyond price charts, providing a comprehensive overview of tokenomics, team backgrounds, and project roadmaps. Messari claims the accuracy and transparency ensures that traders have access to reliable information for tracking the long-term potential of crypto projects include data on token supply, distribution, and utility as well as insights into the team’s expertise and project development progress.
Fundamental analysis is crucial for long-term investors seeking to identify projects with strong fundamentals and sustainable growth potential. Messari provides the necessary tools and information to make informed investment decisions based on through research.
Key Features:
- Detailed project profiles (tokenomics, team).
- Project screening tools.
- Research reports.
- Data API.
4. Nansen: Smart Money Tracking and NFT Insights.
Nansen is one of the best tool for crypto traders, Many expert traders use Nansen it has too many good reviews, It has an amazing feature called “smart money” that makes it different from others and gives an edge in crypto space. By using this feature users can track the activity of smart money wallets. By analyzing on-chain data, Nansen reveals the trading behavior of experienced traders, providing valuable clues about potential market trends.
Nansen’s smart money tracking tools allow users to track the movements of wallets that have build a history of profitable trading. Nansen allow users to track whale movements, large movements of stable coins to exchanges by known whales, may give early signals of upcoming market movements.
Key Features:
- “Smart money” wallet tracking.
- NFT trend analysis.
- Wallet profiling.
- Real-time activity alerts.
Conclusion:
There are many platforms there you can find valuable data to make informed trading decisions. Lets end this guide here with the four most popular on-chain analysis and fundamental analysis platforms for the Crypto market, Start using these platforms to be profitable. Avoid trading only on the basis of technical or fundamental analysis, start looking for the data, If both are different, you will be wrong in the market. For being a profitable trader all dots should be connect to each other. Good Luck!
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