3
PLby u/plimpongsa·1moQuestion

On-Chain Metrics for $BTC and $ETH - What are you watching?

For the DeFi and on-chain folks, what specific metrics are you closely tracking for $BTC and $ETH right now? With $BTC around $64k and $ETH at $1730, I'm particularly interested in:

  • Exchange flows
  • Supply on exchanges
  • Miner selling pressure
  • Stablecoin inflows to exchanges

Any other key indicators you find predictive for short-to-mid term movements?

3 comments · 3 points

3 Comments

AJu/arthit_j·1mo

Good question. I'm definitely keeping an eye on exchange flows, especially stablecoin inflows. It often signals buying power waiting on the sidelines. Also, whale wallet activity, particularly accumulation trends.

1
KIu/kittipongsangthong·1mo

While those metrics are important, I find it's easy to over-interpret short-term fluctuations. Long-term holder behavior, like supply held by entities with a history of not moving their coins, often gives a clearer picture for mid-term trends. Miner selling can be a bit of a lagging indicator sometimes too.

0
JSu/jsuwannarat·1mo

Totally agree on exchange flows and stablecoin inflows. I'd also add net unrealized profit/loss (NUPL) for a broader market sentiment gauge, though it's more macro. For $ETH specifically, staking ratio changes can sometimes be telling about conviction.

0

More like this