On-chain Data
Coverage of On-chain Data in the Nexus archive.
- Bitcoin Whales Are Pulling Back as Activity 'Mirrors' 2022 Bear Market: Analysts
Bitcoin whale activity is showing patterns similar to the 2022 bear market, as noted by on-chain data analysis. Analysts suggest this could indicate a potential downturn in BTC prices.
- Bitcoin Closes April Up 12% as Strategy's MSTR Posts First Positive Month Since July
Bitcoin surged 12% in April as MicroStrategy (MSTR) added $4.1 billion in BTC, marking its first positive month since July. However, on-chain data indicates the gains may be driven by speculative activity.
- Most crypto investors believe Bitcoin is undervalued: Coinbase survey
A Coinbase survey and on-chain data indicate that most crypto investors believe Bitcoin is undervalued, suggesting the cryptocurrency may be nearing the end of its bear market phase.
- Qubic doge pool: first 21 days of actual on-chain data vs early expectations
The Qubic Doge pool, launched on April 1, has shown steady hashrate growth with 6.46 TH/s and 49 blocks found in 21 days. The author questions whether this reflects real traction or initial experimentation by existing Qubic operators.
- $RAVE Went Up 11,000%. Then ZachXBT Started Reading the On-Chain Data
The cryptocurrency token $RAVE experienced a 11,000% price increase, prompting ZachXBT to analyze on-chain data for insights. The article highlights the surge in RAVE's value and the subsequent scrutiny of blockchain metrics.
- Exchange Inflows Spike as Bitcoin Faces $76K Headwinds
Bitcoin faces $76,000 headwinds as on-chain data reveals increased selling pressure. Exchange inflows and large-holder deposits have surged to multi-month highs, indicating heightened market activity.