Definition ∞ A Bitcoin On-Chain Metric is a data point derived directly from the Bitcoin blockchain. These metrics offer insights into network activity, participant behavior, and economic trends. Examples include transaction volume, active addresses, or the distribution of coins. They provide a transparent view of the underlying state of the Bitcoin network.
Context ∞ Bitcoin on-chain metrics are widely used by analysts to assess market sentiment, identify potential price movements, and understand long-term adoption trends. Their utility lies in offering objective, verifiable data not subject to traditional market manipulation. Monitoring these metrics helps inform perspectives on Bitcoin’s fundamental value and network health.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
