Using On-Chain Analytics for Trading & Research Today
In/Out of the Money Around Price (IOMAP). The IOMAP clusters investors’ positions and whether they are profiting (in the money) or losing money (out of the money) based on the price at which they acquired the asset. Large clusters act as support/resistance as those are the price ranges where most investors are concentrated.
Support: Towards the left side of the chart, 10.73 million ETH had previously been bought at a price range between $363.99 and $374.72. This is expected to act as strong support for ETH given the high buying activity.
Resistance: On the right side, roughly 486 thousand addresses bought 1.34 million ETH between $409 and $421.67. This is likely to be strong resistance as investors may look to break-even at this price range and sell their positions.
These have worked time and again as investors’ positions and profits directly impact support and resistance levels. Feel free to try it yourself here 📈
Exchanges On-Chain Flows. These track crypto flowing in and out of exchanges, and can indicate market activity. Net Flows subtract crypto inflows minus outflows from exchanges:
Net Flows spiked during March 12, an indication that many panicked users sent crypto to exchanges that day to liquidate positions. It also dropped significantly on September 5, potentially signalling many investors going long on their positions. Go over recent Exchange Flows here!
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