Hi, this is CryptoQuant!🙌
We welcome you all to join us on our mission to break down the barriers to data-driven investing for retail investors. By signing up to CryptoQuant, you've already made a great progress to have a better investment decision. We’ll also support your successful investment by our institutional level of data.
Let’s learn why you should start data-driven investment.
Being "on-chained" provides a bird view of blockchain
On-chain data comes from a public ledger system that allows people to look into all transactions that are recorded on to it. Utilizing this transparency, various raw data containing information such as coins sent amount and time, wallet address, and fees that are being paid to a miner which show the details of the activities via transaction can be extracted from on-chain data. There is little room for hiding in the on-chain process and being "on-chained" lets you be the watcher of the bitcoin network.
Upon this raw information, if we put our resources into analyzing them, the on-chain analysis can be a new framework for bitcoin valuation which allows traders to establish an edge. With on-chain analysis, traders can see what happens in the networks that finally results in price movement. For example, exchange flows data gives us an insight into actual major players' money flow in the networks. CryptoQuant aims to provide full historical on-chain and market data which allows you to build an in-depth understanding of the markets, therefore, leading you to make robust trading strategies.
👉 Learn more about “On-Chain Data”
Finding out who owns bitcoin is crucial to the investment
There are certainly price drivers in the market and market status can be affected depending on the status of such drivers in the market. For example, if a Bitcoin miner sends their BTC to the exchange market and sells them, it would drive the prices down considerably. Like the case of a miners' sell, it is obvious that if someone with a big bag sells, the price will likely drop. Thus, it is important to track and watch certain holders' behavior and find out who are the major price drivers in the market.