What is on-chain data? Price prediction based on exchanges, miners, and whale movements
“Why did you fall this time?”
Whenever the price of cryptocurrency (coin) plummets, investors panic. What is frustrating is not just the fact that ‘I lost money’. It is even more frustrating to not be able to guess why the coin price has fallen. If you know the reason, you will make another investment decision next time, but that is difficult in the coin market.
Of course, news articles and experts give various interpretations of the price drop. ‘The interest rate hike was decided’, ‘because of the remarks of Tesla founder Elon Musk’, ‘because the US financial authorities tightened the coin market regulation’, etc. However, this is only a speculative interpretation of ‘after-the-fact interpretation’ and ‘it seems to be for this reason in the circumstances’.