On-chain analysis has become quite integral to Bitcoin analysis over the past few years. Understanding supply-demand dynamics, levels of activity, and short-term long-term holder mechanics define some trading characteristics of the network.
Yet, during an aggressive bullish market, the credit is laid out more towards investor sentiment or futures market, which is considered as breakout catalysts. While not completely away from being accurate, it is important that the on-chain fundamentals are
Read more on ambcrypto.com