Bitcoin Onchain Data

Definition ∞ Bitcoin Onchain Data refers to all transaction records and other information permanently recorded on the Bitcoin blockchain. This data includes transaction amounts, sender and receiver addresses, transaction fees, and timestamps. It provides a transparent, immutable record of all network activity. Analyzing this data offers insights into network health and participant behavior.
Context ∞ Analysts frequently examine Bitcoin Onchain Data to understand market trends, assess investor sentiment, and predict price movements. Metrics derived from this data, such as active addresses, transaction volume, or realized price, are regularly cited in crypto news to explain market shifts. The increasing sophistication of onchain analytics tools provides deeper perspectives on the underlying economic activity of the Bitcoin network.