Onchain Decoded

Decoding onchain data for everyday investors 📊

Whale tracking 🌐 Exchange flows 🌐 Weekly reports 🌐

DMs open for new projects. 📩

[Onchain Decoded @OnchainDecoded]

Month-end onchain prints come with three artefacts. 👀 Custodial transfers that look like supply events. ETF flow numbers that get revised days later. Open interest dropping into expiry, which is settlement, not capitulation. https://t.co/xb8bchqP9j

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Long-term holder supply: coins that have not moved in 155 days or more. ⏳ Rising means patient money is absorbing. Falling means it is distributing. It measures behaviour directly instead of guessing it from wallet size. https://t.co/KmvCBzpAXd

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A pool advertising 80k in liquidity has roughly 40k of SOL behind it. 🔴 That is what you are actually exiting into. LP locks expire. LP burns do not. Check which one you are looking at before you buy, not after. https://t.co/VVHksmwxBZ

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5 Bitcoin metrics for the fourth week of October. 📈 Realized cap, coin days destroyed, supply in profit, funding, mempool. Picked so that each one can move without the others moving. Correlated metrics add confidence, not information. https://t.co/HWhv4TWYar

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Shrimp, crab, whale. 🐋 The cohort charts everyone shares have one problem: an ETF custodian holding coins for thousands of retail buyers shows up as a single whale accumulating. The chart says the opposite of what happened. https://t.co/wAEBdqmb8e

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Miners sort by fee RATE, not total fee. ⏳ Which is why consolidating a pile of small inputs costs you more than a single large spend for the exact same confirmation speed. How the mempool actually sets what you pay: https://t.co/LwmnAf0w4Y

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Exchange reserves measure the stock. Netflow measures the change. People use them interchangeably and read plumbing as panic. 📊 A netflow spike at one venue is usually a hot to cold wallet rotation, not selling. https://t.co/ppdq2j8pq6

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One question separates a real move from a repriced one. 👀 Rising realized cap means new money actually arrived. Flat realized cap with a rising market cap means the same money got remarked higher. Price cannot tell them apart. https://t.co/HlBDA4iKOy

[Onchain Decoded @OnchainDecoded]

Realized price is what the average bitcoin last actually moved at. 🟢 Spot above it, holders are collectively in profit. Spot below, they are underwater. The most useful level on the chart that almost nobody looks at. https://t.co/fNQbtekYDN

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Risk 20% per trade with a real edge and four losses leaves you at 41% of your bankroll. You now need +144% just to break even. 📉 Same edge at 3% leaves you at 88%. Sizing decides survival, not strategy. https://t.co/7cgtdFtK7F

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5 Bitcoin metrics for mid-October, each with the level that would actually change the read. 📊 No price-derived ratios on the list: if price is the input, it cannot tell you anything new about price. https://t.co/SkdUJNv8UV

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Stock-to-flow, the 2021 double top, exchange wallet reshuffles. Honest lessons from onchain metrics that missed 🧐 https://t.co/h07SndqPq9

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A 10-year Treasury near 5% raises the bar for holding an asset that pays nothing. How rates move BTC 🏦 https://t.co/SRCeCMdj7k

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Some ETF inflows have zero view on Bitcoin. The CME basis trade explains why flow data can mislead 🔁 https://t.co/fDlbjYdnX0

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Two weeks into Q4: is demand rebuilding or fading? Realized cap and ETF flows answer that better than price 📊 https://t.co/BSADFqi3pr

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7 onchain indicators that flagged past Bitcoin cycle tops, and where they sit now 📈 https://t.co/B4fzrIEUF9

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Most meme coin traders lose on the exit, not the entry. Set the ladder before you buy 🪜💰 https://t.co/MBxepSSRe4

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Policy wobble or real demand shift? ETF flows and the Coinbase premium settle it. 5 metrics for early October 🔍 https://t.co/wQXA7SQQYb

[Onchain Decoded @OnchainDecoded]

Bitcoin has no account balances. Every onchain metric you use starts with one idea: the UTXO 🧱 https://t.co/HP3OU4cQ97

[Onchain Decoded @OnchainDecoded]

Treasury companies buy hardest when their premium is high. When mNAV fades, so does the bid. How the flywheel works 🏢 https://t.co/yFVzfTWFjD