
6iujdj
@4tyg
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On-chain data, such as transaction volumes, wallet activity, and token flows, can provide valuable insights into market trends. Analysts use these metrics to gauge investor sentiment, identify large trades, and spot trends in supply and demand. For instance, increased transactions or whale movements may indicate potential market shifts. However, while on-chain data is useful, it isn't always a definitive predictor of market direction due to the influence of external factors like regulations, macroeconomic events, and market manipulation. It's more effective when combined with technical and fundamental analysis for a comprehensive market view. 0 reply
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