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On-Chain Data Profile picture
On-Chain Data
@OnChainData
On-Chain Data Analysis Layer 1's / DeFi / Metaverse / NFT's
Apr 26, 2022 • 7 tweets • 5 min read
Let's Talk: #Bitcoin Weekly Overview 🧵

1/ Price Action

$BTC continues to trade on the lower range of an uptrend channel, below relevant EMAs (20, 55, 100) and POC. Not great signs if you ask me.

#BTC needs to claim the higher range of the channel sooner rather than later. 2/ Daily Active Addresses

We've been follow this metric on a weekly basis for some time now, and it's impressive to see how well it keeps up.

Regardless $BTC price action, we are still averaging 930k+ active wallets on a daily basis, with lower activity during weekends. 📈
Apr 25, 2022 • 8 tweets • 5 min read
Let's Talk: @nansen_ai 🧵

Today we'll be showing some of what this platform can do, which can prove to be worthy during this times where alpha might seem hard to find in #BTC or #Ethereum !

1/ Let's look what Smart money is putting their cash

That's a unusual inflow for $ENS 2/ Are this Smart Money players actually buying?

Analyzing token movements for the past 2 days shows just one wallet to "blame" for this, since all the other movements are not significant.