The teacher. Chain tells you all about an increasingly popular discipline: on-chain analysis. What is this blockchain analysis method, especially for Bitcoin (BTC)? What are its advantages over technical analysis which only focuses on the price of an asset?
What is on-chain analysis? The teacher. Chain tells you everything
While many are familiar with technical analysis, which consists of analyzing the prices of cryptocurrencies, few yet know its little sister, on-chain analysis. Specific to our ecosystem, and allowed by the nature of the audibility of blockchains, this activity consists of analyzing the data of the chain to derive information from it.
Who owns what? Since when ? What is the average purchase price of the entire network? This essential information is public, but needs to be deciphered.
This is the role of our analysis Prof. Chain, which analyzes these streams for Cryptoast every week. How does it work ? And what are the advantages of this new discipline? We are talking about it.
👉 Also find our introductory article on on-chain analysis
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