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Intro to On-Chain
Background Knowledge
Exchange Flows/Indicators
Miner Flows/Indicators
UTXO Data/Indicators
Market Data/Indicators
Network Indicators
Stablecoin Exchange Flows/Indicators
Fund data & Premium
Glossary (Stablecoin)
Entry into Stablecoin data/indicators
Data/Indicator
Definition
Interpretation
-Type of cryptocurrency that is pegged to a fiat currency
-How stablecoin is issued
-Stablecoin with treasury account
-Stablecoin without treasury account
Amount of Stablecoin deposited/withdrawn into/from the exchange wallets.
- Increase of inflow - Mostly a Bullish sign
- Increase of outflow - Mostly a Bearish sign
The amount of the stablecoins held in the exchange addresses
- HighHigh Buying pressure
- LowLow selling pressure
- Increasing trendIncreasing potential Buying power -Bullish
- Decreasing trendDecreasing scarcity - Bearish
The number of unique addresses making inflow/outflow transactions of exchanges
- HighLarge number of investors
- LowSmall number of investors
- Increasing trendExpanding interest and activeness
- Decreasing trendDiminishing interest and activeness
The total number of deposits/withdrawals transactions of the exchange
- HighLarge number of transactions
- LowSmall number of transactions
- Increasing trendExpanding interest and activeness
- Decreasing trendDiminishing interest and activeness
Defined as a ratio of the Market Cap of BTC divided by the Market Cap of all Stablecoins
- Increasing trendSlowing down status of stablecoin's buying power - Bearish or sideways sentiment
- Decreasing trendRising status of stablecoin's buying power - Bullish
How to look at indicators
This section identifies the look out point for individual indicators. These indicators could be divided by their identity and the usefulness in trading. Each indicator utilized each feature of stable coin and put together they cover multiple aspects and capture movements in stablecoin relatively precisely.
If you want to make use stablecoin feature of by figuring out
1) How many stablecoins came out from or into the exchange
Checking the flow into the exchange is a great way to keep track of stablecoins that could be medium to buy cryptocurrencies or liquidity of derivative market
2) How many stablecoins are in the exchange
Checking the Stablecoin Reserve in exchange helps measuring buying power in the exchange
3) How many stablecoin addresses or transactions are active or being made through the exchanges
Checking the active address count or transactions is a great way to figure out how much addresses are participated in the movement in the price and find out the sentiment behind it
4) Figuring out how buying power or liquidity in the market
To figure out the power balance between the BTC and Stablecoin by market cap
It is wise to take a look at each indicator according to the number stated above.
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Stablecoin Network Data
Last modified 1mo ago