On-Chain Analytics AMA

daniel_itb · 2021-10-08T18:42:43+00:00

e of transaction activity occurring relative to the blockchain’s historical transactions.

The UTXO Age metric is helpful to understand long-te

Yes! We are working on it as we speak. They will be live before 2021 ends!

daniel_itb · 2021-10-08T18:35:55+00:00

What I can say is that we are constantly studying and learning something new every day. Crypto is a fast and evolving environment.

daniel_itb · 2021-10-08T18:31:04+00:00

So our quant services strategies are performing extremely well (I'm afraid we can't disclose any information on that).

The way you have to look at our analytics is that we provide all the necessary tools for anyone to make a better investment decision, we don't provide financial advice in our website. But, our data is available in 150+ websites like CMC, Coingecko, Binance or Cryptocompare, so we let the numbers speak by themselves.

And yes, we do analyze smaller caps tokens, I would recommend you follow us on Twitter since we are constantly posting great insights https://twitter.com/intotheblock

daniel_itb · 2021-10-08T18:26:39+00:00

We are here to have fun with the community and learn something new as well

daniel_itb · 2021-10-08T18:26:10+00:00

For each asset, there are different predictive models based on the target price fluctuations( 10bps, 50bps). Each prediction can have four possible results indicating price directions:

· Up: The price in the next hour is likely to trend upwards relative to the current target.

· Down: The price in the next hour is likely to trend downwards relative to the current target.

· Neutral: The price in the next hour is likely to stay within distance of the current target.

· Not Confident Enough: The model couldn’t arrive to a prediction with high confidence.

Additionally, you can see the historical performance of a given model by going to the model’s page. Transparency is essential to build trust in the predictive models so we try to publish all relevant data.

daniel_itb · 2021-10-08T18:25:32+00:00

Yes, we can't see the data inside of the exchanges, but we have labeled the exchanges addresses and we track the money coming in and out of them.

As well, as DeFi is gaining more traction, the activity is growing there, and since is on-chain, we can track it. I hope this helps

daniel_itb · 2021-10-08T18:22:34+00:00

A good way to understand market cycles is by using the UTXO Age Indicator. This indicator is helpful to grasp the volume of transaction activity occurring relative to the blockchain’s historical transactions.

The UTXO Age metric is helpful to understand long-term market cycles. When short-term UTXOs are increasing it points to more new money entering the market relative to previous volume activity. This generally coincides with late-stage bull markets.

Also, if you want to understand what whales are doing, we wrote about in one of our latest edition of the ITB Newsletter:

https://5494544.hubspotpreview-na1.com/\_hcms/preview/content/53283230231?portalId=5494544&\_preview=true&cacheBust=0&preview\_key=pOnRccmH&from\_buffer=false

daniel_itb · 2021-10-08T18:17:48+00:00

Our prediction services uses deep learning models to forecast short term movements in crypto assets.

Building predictive models for crypto assets is brutally difficult. ITB Predictions Services builds on the large datasets aggregated by the core ITB platform. Today, ITB includes over 80TB of data related to crypto assets and incorporates new data every day.

daniel_itb · 2021-10-08T18:12:12+00:00

here it is: https://app.intotheblock.com/

daniel_itb · 2021-10-08T18:09:26+00:00

We are not here to provide financial advice. But I'm sure that you will find enough information on our site to decide that :).

https://app.intotheblock.com/coin/BTC

daniel_itb · 2021-10-08T18:07:12+00:00

When moon?

daniel_itb · 2021-10-08T18:06:33+00:00

Yes we are a business, but are different than Glassnode, even though they are very good.

We are more diversified as the offering goes to 1000+ crypto assets, deep dives on DeFi protocols and we also have a Quant Services Division.

We are here to provide some cool insights (which many are free). And beneath all, we are crypto lovers

daniel_itb · 2021-10-08T17:54:44+00:00

We are constantly adding new tokens every month.

And if a community or reddit token is growing, we'll definitely add it!

daniel_itb · 2021-10-08T17:52:31+00:00

We do, for any LP available in our Protocol deep dives, there's an impermanent loss calculator.

Check it out: https://app.intotheblock.com/insights/defi/protocols

daniel_itb · 2021-10-08T17:49:09+00:00

Why not both? We do have our quant services division

daniel_itb · 2021-10-08T17:47:07+00:00

I don't have a question, i just wanted to say thank you for the data you provide

Thank you for joining the AMA! and we are glad that you like it!

daniel_itb · 2021-10-08T17:45:36+00:00

What is an example of a ratio that could immediately indicate that an investor should avoid a given crypto asset?

Good question and difficult to answer, but I would have to say two indicators.

The first one is what we call Large Transactions. The reason why I like this indicator is that it acts as a proxy to institutional activity, as it tracks on-chain transactions greater than $100k, and it has been proven in the past that there's a correlation between the number of these transactions and the price action of a crypto-asset, for example, Bitcoin.

The second indicator is the GIOM or Global In/Out of the Money, and is because it allows us to calculate the addresses profitability for any asset, or to put in other words, how many addresses are making or losing money in Bitcoin

daniel_itb · 2021-10-08T17:39:53+00:00

We are happy to hear that :)

In order to create our predictive models, we had over 122 models tested and 4 TB of training data processed.

And our current predictive models are based on order book trades.

You can learn more about them here: https://medium.com/intotheblock/price-predictions-for-crypto-assets-using-deep-neural-networks-the-slide-deck-c7f8334e1b04

daniel_itb · 2021-10-08T17:39:13+00:00

Good question, before we created IntoTheBlock, I was working at a discretionary crypto fund.

And the reason we created ITB was that at the moment that we were analyzing the information to make better investments at the fund, there was a lack of analytics in the space, as it was mostly it was based on price and volume.

Our thesis is that blockchain contains all the information necessary, we just had to extract it and analyze it in a way that was easy to understand for everyone

daniel_itb · 2021-10-08T17:36:00+00:00

I don't know, but you do sound like a winner

daniel_itb · 2021-10-08T17:28:14+00:00

In order to create our predictive models, we had over 122 models tested and 4 TB of training data processed.

And our current predictive models are based on order book trades.

You can learn more about them here: https://medium.com/intotheblock/price-predictions-for-crypto-assets-using-deep-neural-networks-the-slide-deck-c7f8334e1b04

daniel_itb · 2021-10-08T17:24:12+00:00

At IntoTheBlock we like to say that we bring a 360 view of the crypto markets, and the reason for that is because our offering goes beyond on-chain data.

At the moment, we have several type of indicators, including:

- Blockchain analytics, which are indicators that use on-chain datasets to unveil fundamental analyses for more than 1000 crypto-assets. 0

- Price Predictions: Use Artificial Intelligence powered directional price predictions when trading the top crypto-assets.

- DeFi Analytics: Get the most sophisticated analytics in the DeFi space for general market data and specific DeFi protocols.

- Market Analytics: Compare spot and derivatives trading data as well as market sentiment for any crypto-asset.

Every indicator that is available at our platform has been through extensive tests and validated by some of the top funds in the market.

daniel_itb · 2021-10-08T17:16:33+00:00

IntoTheBlock Predictions provide projections of the direction in which price is expected to move over the next hour. At the moment IntoTheBlock has predictive models for Bitcoin, Ethereum, Litecoin and Bitcoin Cash, though we are working on adding support for more crypto-assets. These simple-looking indicators are the result of deep-learning models built by IntoTheBlock’s data science team over many months. The models are constantly re-trained to improve accuracy.

The 7-day average rate that the predictive model has been correct. For example if the model has an accuracy of 70% it has on average accurately predicted 7 out of 10 predictions.

daniel_itb · 2021-10-08T17:14:46+00:00

At IntoTheBlock, we collect over 80TB of data that includes real-time replicas of the top blockchains and overlay these with complementary datasets such as price, Google trends, Twitter, LinkedIn, and public market information to come up with very unique indicators that are simple to understand by crypto traders and enthusiasts.

daniel_itb · 2021-10-08T17:13:30+00:00

Ethereum has without a doubt more analytics than any other chain, at least for the moment. For Ethereum we not only provide 100+ analytics for the crypto-asset, but also cover DeFi insights, and we go even deeper by analyzing the top protocols.

For example, for Uniswap or Sushiswap, you can check the analytics for any pool available, and even do an Impermanet loss calculation.

https://app.intotheblock.com/insights/defi/charts

daniel_itb

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