Anatomy of a Crypto Crash: What Blockchain Data Tells Us
Blockchain datasets reveal some interesting patterns for Bitcoin, Ethereum, Bitcoin Cash and other crypto assets.
The last few days have seen a price collapse in the top crypto assets erasing a significant percentage of their market cap. The uncertainty of the current economic climate as well as the collapse of major market indices have contributed to the negative market momentum. Every time we experience these type of market movements we tend to look at different metrics or indicators that can help us formulate and explanation or at least a narrative. However, its hard to know where to look. Futures markets tell one portion of the story so is the analysis of spot exchange trading and how about blockchain activity? Blockchain datasets provide a unique perspective of patterns in the behavior of crypto assets. Today, I would like to examine some interesting blockchain metrics that highlight some insights about the recent bearish momentum in the crypto market.
