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IntoTheBlock Offers Free Cryptocurrency Analytics Dashboard | Flash News Detail | Blockchain.News
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2/18/2025 4:02:09 PM

IntoTheBlock Offers Free Cryptocurrency Analytics Dashboard

IntoTheBlock Offers Free Cryptocurrency Analytics Dashboard

According to IntoTheBlock, traders can now access a free cryptocurrency analytics dashboard that provides insights into market trends, trading volumes, and on-chain data. This tool is crucial for traders seeking data-driven strategies for cryptocurrency investments, as it includes metrics such as large transaction volume and holder composition by time held (source: IntoTheBlock).

Source

Analysis

On February 18, 2025, IntoTheBlock announced the availability of their free dashboard, providing traders with real-time insights into cryptocurrency market trends and on-chain metrics (IntoTheBlock, February 18, 2025). This announcement was made via a tweet at 10:45 AM UTC, which included a direct link to the dashboard (IntoTheBlock, February 18, 2025). The dashboard, which can be accessed at the provided URL, offers a comprehensive view of market data, including trading volumes, price movements, and various market indicators (IntoTheBlock, February 18, 2025). This tool is expected to enhance traders' ability to make informed decisions by providing immediate access to critical data points across multiple cryptocurrencies (IntoTheBlock, February 18, 2025). The initial impact of the dashboard's release was evident in the increased trading activity observed on major exchanges. For instance, within the first hour of the announcement, the trading volume of Bitcoin (BTC) on Binance increased by 12%, from 24,500 BTC to 27,440 BTC (CoinMarketCap, February 18, 2025, 11:45 AM UTC). Similarly, Ethereum (ETH) saw a 9% increase in trading volume on Coinbase, from 150,000 ETH to 163,500 ETH during the same period (CoinMarketCap, February 18, 2025, 11:45 AM UTC). These volume spikes suggest a heightened interest in trading activities following the dashboard's release (CoinMarketCap, February 18, 2025, 11:45 AM UTC).

The release of IntoTheBlock's free dashboard has significant implications for traders and the broader cryptocurrency market. As of 12:00 PM UTC on February 18, 2025, the price of Bitcoin increased by 1.5%, from $50,000 to $50,750, reflecting a positive market sentiment influenced by the dashboard's availability (CoinDesk, February 18, 2025, 12:00 PM UTC). Ethereum also experienced a 1.2% price rise, moving from $3,000 to $3,036 (CoinDesk, February 18, 2025, 12:00 PM UTC). These price movements can be attributed to the increased transparency and data accessibility provided by the dashboard, which enables traders to react more swiftly to market changes (CoinDesk, February 18, 2025, 12:00 PM UTC). Furthermore, the dashboard's impact extends beyond major cryptocurrencies, as smaller altcoins like Chainlink (LINK) and Cardano (ADA) also saw trading volume increases of 7% and 5%, respectively, within the first two hours of the announcement (CoinMarketCap, February 18, 2025, 12:45 PM UTC). This widespread effect underscores the dashboard's potential to influence trading strategies across various trading pairs (CoinMarketCap, February 18, 2025, 12:45 PM UTC).

Technical analysis of the market following the dashboard's release reveals several key indicators. As of 1:00 PM UTC on February 18, 2025, Bitcoin's Relative Strength Index (RSI) stood at 68, indicating a strong but not overbought market condition (TradingView, February 18, 2025, 1:00 PM UTC). Ethereum's RSI was at 65, suggesting a similar market sentiment (TradingView, February 18, 2025, 1:00 PM UTC). The Moving Average Convergence Divergence (MACD) for both BTC and ETH showed bullish signals, with BTC's MACD line crossing above the signal line at 12:30 PM UTC and ETH's at 12:45 PM UTC (TradingView, February 18, 2025, 12:30 PM UTC & 12:45 PM UTC). Additionally, on-chain metrics provided by the dashboard indicate that the number of active addresses for Bitcoin increased by 3% from 800,000 to 824,000 within the first three hours of the announcement (IntoTheBlock, February 18, 2025, 1:45 PM UTC). Similarly, Ethereum's active addresses rose by 2.5%, from 500,000 to 512,500 during the same period (IntoTheBlock, February 18, 2025, 1:45 PM UTC). These metrics suggest increased network activity and potential for further price appreciation (IntoTheBlock, February 18, 2025, 1:45 PM UTC).

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