On-Chain Metrics Every Crypto Investor Should Track

On-chain data (exchange reserves, active addresses, realized cap, HODL waves) can complement market data. Use them to validate narratives rather than trade signals alone.

Common metrics:

• Exchange reserves: declining reserves can indicate reduced selling pressure.
• Active addresses: growth suggests adoption but can be inflated by airdrops or bots.

References:

• https://glassnode.com/metrics
• https://nansen.ai/blog