Trading Insights from On-Chain Data - TOKEN2049 Dubai 2024
Discover the power of on-chain data analytics in the insightful conference talk, "Trading Insights from On-Chain Data - TOKEN2049 Dubai 2024," presented by Key, CEO and co-founder of CryptoQuant. This compelling session demystifies how on-chain data can revolutionize trading strategies and market understanding by providing unprecedented access to real-time transaction metrics.
On-chain data offers a unique perspective by providing visibility similar to observing all global bank transactions at once. Key elucidates the profound implications of monitoring supply and demand fluctuations every 15 seconds, akin to an economic pulse-check for commodities and securities. Though crypto is often viewed as a speculative asset, leveraging on-chain data allows for real-time monitoring of market dynamics, including smart money movements, third-party risk assessment, and fundamental analysis.
Key introduces the "Market Value to Realized Value" (MVRV) ratio, an indicative metric for evaluating market trends and potential cyclic peaks. Viewers will gain insights into the cohort analysis tool developed to filter transactions and calculate aggregated metrics, highlighting the cost basis for both old and new whales, and the influx of capital through ETFs and custodial wallets.
Moreover, the session addresses the crucial aspect of risk management, with past predictions of significant industry events, such as the FTX and Luna collapses, showcasing how on-chain data can preemptively signal market vulnerabilities and third-party risks.
Stay ahead of the curve by understanding the nuances of on-chain data. If you find this content valuable, remember to like, comment, and subscribe to our channel for more expert insights from TOKEN2049 Dubai 2024.
