Blockchain analytics platform Nansen announced the launch of its Bitcoin (BTC) on-chain analytics to bring real-time, detailed insights into the flagship cryptocurrency, enabling users to track key on-chain metrics in the platform.<\/p>\n
On Thursday, Nansen introduced<\/a> its Bitcoin Growth Dashboard to provide a detailed view of the flagship crypto\u2019s market movements and address the lack of user-friendly tracking tools for in-depth analysis in the market.<\/p>\n The analytics platform noted that examining Bitcoin\u2019s network at the same level as other blockchains has been difficult since most tools use \u201coutdated address labeling, fragmented data, or require advanced technical skills to extract meaning insights.\u201d<\/p>\n As a result, the new Bitcoin on-chain analytics aims to bring \u201cthe same depth of data that Nansen users have relied on for Ethereum and other blockchains to Bitcoin\u201d by enabling traders, institutions, and analysts to monitor active addresses, transactions, and the principal entities interacting on the network.<\/p>\n Alex Svanevik, Nansen\u2019s CEO, shared his excitement about Bitcoin analytics, explaining that users can use the platform to monitor detailed key BTC on-chain metrics:<\/p>\n Bitcoin is the most important asset in crypto, and we\u2019re thrilled to finally bring Nansen\u2019s industry-leading analytics to BTC. With our platform, users can now track Bitcoin\u2019s key onchain metrics with the same level of detail and precision they expect from Nansen.<\/p>\n The new data aggregation will allow users to see the exchanges and entities that move the most BTC to tackle the \u201cguesswork\u201d on whether the transaction<\/a> spikes are retail-drive, institutional-driven, or exchange reshuffling.<\/p>\n Users can also observe BTC\u2019s liquidity and supply shift in real time to identify crucial trends before they hit the broader market. Additionally, they can track the crypto market\u2019s sentiment with address activity data, offering users \u201ca new way to gauge Bitcoin\u2019s adoption and investor sentiment.\u201d<\/p>\nBTC Transactions See 42% Daily Surge<\/h2>\n