Too Long; Didn't Read
Price rallies are the highlight of any asset class and cryptocurrencies are not the exception. Bitcoin has made more news based on its unpredictable price rallies than for any other of its recent developments. During and after a price rally we would hear all sorts of speculative arguments about its causes and expected behaviors but sometimes we ignore the most obvious data points. Like many other events in a cryptocurrency network, price rallies leave fingerprints in the underlying blockchains. Today, I would like to highlight some non-trivial examples of indicators and analyses that can help us understand price rallies based on its on-chain behaviors.