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On-chain data

Information read straight from the blockchain, such as transaction volume and wallet balances.

CryptoIntermediate

Definition

Analysts watch coins moving to or from exchanges, the activity of large holders and network usage. Because it is public, it offers a view that stocks do not have.

Watch out for

Interpretation is debated. A large transfer to an exchange could mean a coming sale or just a move between a firm's own wallets.

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