onchainanalysis

Today's on-chain analysis for major cryptocurrencies (primarily Bitcoin, as it's the benchmark) shows a mixed but recovering picture amid recent price action.Bitcoin is trading around $70,000–$71,000 (with recent highs near $71,089 and lows around $67,300 in the past 24 hours), up roughly 4-5% in the last day and showing positive momentum after a pullback phase. Key insights from on-chain data sources like CryptoQuant, Glassnode, Checkonchain, and others:
Network activity remains solid, with daily confirmed transactions in the 350,000–430,000 range and healthy block sizes/throughput, indicating sustained user engagement despite volatility.Market sentiment is cautiously improving: Spot demand shows early stabilization signs, with some ETF inflows/outflows balancing out (though US spot ETFs have seen net selling pressure in recent periods compared to prior years). Profitability metrics (e.g., falling realized profits in some cohorts) suggest reduced selling pressure from holders, creating room for a potential bounce.Derivatives and liquidity: Futures positioning stays cautious, but options data hints at fading downside fear and growing interest in upside levels (around $75k). Stablecoin supply dynamics are tightening slightly, but overall liquidity supports recovery potential.Broader context: Bitcoin dominance hovers near 59%, with the total crypto market cap reflecting resilience. On-chain indicators point to an "unsteady ground" but with tentative bullish internals, especially as BTC holds key zones above $60k–$70k while overhead supply caps bigger rallies.
Overall, the on-chain picture leans defensive yet with rebound potential in the short term, driven by stabilizing demand and reduced panic selling. Keep watching ETF flows, exchange movements, and miner metrics for confirmation.#Bitcoin #CryptoMarkets #OnChainAnalysis #TrumpSaysIranWarWillEndVerySoon #OilPricesSlide $BTC
$USDC
$ETH

Ethereum's been taking a serious beating lately, and honestly, it's tough to watch. From its all-time high around $4,950–$5,000 back in August 2025, ETH has shed nearly 60% of its value. As of mid-March 2026, it's hovering in the low $2,000s—struggling to hold above that psychological $2,000 level and showing no real conviction for a sustained bounce.
What's even more concerning isn't just the price action; it's the on-chain signals painting a pretty grim picture right now. Network activity has cooled off dramatically. Daily active addresses have seen sharp drops—some reports highlight declines of 45–47% in recent weeks, with figures falling from peaks over 1.3 million in early February to around 700,000–800,000 (or even lower on certain days) by early March. While not every metric shows the exact same monthly active user drop from 15.3 million to 12.7 million (that might blend different tracking methods), the trend is clear: fewer unique participants are engaging with the chain. When users exit or go dormant in droves, it reduces organic demand and leaves more supply floating around without buyers stepping in aggressively.
Exchange activity tells a similar story of caution (or outright selling pressure). Spot trading volumes on decentralized exchanges (DEXes) reportedly dipped to lows around $1 billion recently—the weakest since January—and that's historically been a precursor to bigger downside moves. Low volume often means thin liquidity, where even modest selling can trigger outsized drops.
On the centralized exchange side, we've seen mixed flows: some periods with net inflows (adding ETH back to sellable pools) and others with outflows (people pulling to self-custody for long-term holding). Recently, there were notable inflows—like transfers to Binance and Coinbase totaling millions in value—pushing more ETH onto platforms where it's easier to offload. Exchange reserves aren't at all-time highs, but the direction can shift quickly if sentiment sours further. Fewer withdrawals to cold storage signal less conviction in holding through the storm.
All this adds up to a network that's seeing reduced usage amid broader market weakness—likely tied to macro pressures rather than any fatal flaw in Ethereum itself. Fundamentals like low gas fees and high transaction throughput are still there (some months saw way more activity at fractions of past costs), but right now, participation is down, and that's weighing heavily on price recovery.
Until we see a reversal—spiking active addresses, stronger outflows from exchanges, or volume picking up with real buying interest—breaking and holding above $2,000+ looks challenging. The path back feels uncertain at best.
$ETH – hang in there, but eyes wide open on these metrics. #Ethereum #CryptoMarket #OnChainAnalysis #StrategyBTCPurchase

過去1週間の暗号通貨市場は不確実な結果を伴う綱引きのように感じられました。中東の地政学的緊張が高まる中、ビットコインの価格は$60,000と$70,000の間で揺れ動き続けています。このあいまいな価格動向の中で、オンチェーンデータは二つの（完全に異なる）絵を提示しています。一方では、長期保有者（LTH）の驚くべき落ち着きがあり、もう一方では、彼らの供給における活動の高まりの裏の流れがあります。
ビットコインは底打ちのプロセスにありますか、それとも別の下落の直前に「流動性の幻想」に捕らわれていますか？

The NUPL-MVRV Composite Index yes, that mouthful of crypto jargon just hit 0.33. And according to historical data, that puts Bitcoin squarely in the middle of its current market cycle.
But here's why you should actually care about this number.
For the uninitiated, we're looking at two of the most reliable on-chain metrics mashed together
NUPL (Net Unrealized Profit/Loss) tells us whether the market is in fear, hope, optimism, or greed by measuring whether holders are sitting on paper gains or losses.
MVRV (Market Value to Realized Value) compares Bitcoin's current market cap to the price at which coins last moved – basically showing if the average holder is up or down.
Combine them, and you get a composite index that's historically done a frighteningly good job of identifying where we are in the cycle.
0.33 The "Meh" Number That Matters
Right now, that composite sits at 0.33. Not euphoric. Not despairing. Just... solidly mid-cycle.
And in crypto, "boring middle" is actually exciting news.
Here's the historical context that matters:
2015: The composite plunged to extreme lows. We were crawling out of a nuclear winter. Mt. Gox was fresh in everyone's memory. Bitcoin was "dead" for the 400th time.
2019: Another low point, though not as brutal as 2015. The market was recovering but still skeptical.

2022: Post-LUNA, post-FTX, post-everything. Another bottom, again shallower than the last.
Notice the pattern? Each cycle's low has been less severe than the previous one. The market is maturing. The floors are getting higher.
What This Means For Your Portfolio
At 0.33, we're not near a blow-off top where everyone's euphoric and grandma is asking about Dogecoin. We're also not in capitulation territory where panic selling dominates.
We're in the grind. The accumulation zone. The boring middle where real wealth is built before the latecomers arrive.
The composite index suggests we have room to run before hitting peak euphoria levels. Historically, really stupid valuations don't appear until this thing pushes well above 0.6 or 0.7.
The Takeaway
If you've been sitting on the sidelines waiting for clarity, this is it. The on-chain data isn't screaming "top" or "bottom" it's calmly whispering "middle."
And in a market driven by extremes, the middle is often the smartest place to be.
Are you adding positions here, or waiting for a pullback? Let me know in the comments genuinely curious where everyone's heads are at with this signal.

#Bitcoin #OnChainAnalysis #MVRV #rsshanto $BTC

🐋 クジラ蓄積レポート：スマートマネーのレーダー下のトップトークン
最新の24時間のオンチェーンデータに基づいて、ここで示すのは、攻撃的なクジラとスマートマネーの蓄積を示すトークンです：

🎯 詳細分析：トップピック
✅ 1. $SAMARA — 最強の蓄積信号
スマートマネーアクティビティ：
過去24時間に活動的に購入している4つの追跡アドレス
マルチタグコンセンサス：KOL + クジラ + Cabal参加（最高の信頼度層）
主要なバイヤー：

@NachSOL (Cabal/KOL): 9.4M トークン保有
@Ed_x0101 (スマートマネー/KOL): 2.6M トークン保有

暗号市場は次の動きに静かに備えている可能性があります。最近のオンチェーンデータによると、ステーブルコインの流入は1週間で17億ドルに急増し、市場に流動性が戻っている強いシグナルです。
ステーブルコインは、暗号投資家にとってしばしば「ドライパウダー」と見なされます。大きな金額が取引所やオンチェーンエコシステムに移動する際、通常はトレーダーが潜在的な購入機会のために資本を準備していることを示しています。
この急増は、最近の市場のボラティリティの後に自信が徐々に再構築されていることを示唆しています。流動性の増加は市場の深さを強化し、取引活動を改善し、しばしばビットコインやイーサリアムなどの主要資産全体で強い価格変動を予告します。