Bitcoin on-chain data and holder behavior.

Analyze Bitcoin on-chain data across network activity, holder behavior, exchange balances, valuation signals, whale activity, and cycle metrics.

On-chain analytics

315,346

Network activity, valuation signals, and holder cohorts

Bitcoin on-chain data

Network and holder depth

Study address growth, holder cohorts, reserve risk, supply in profit, and exchange reserves without replaying the hero metrics.

Market question

Read the activity behind price

Bitcoin on-chain data shows what is happening on the network, not just on exchanges. Active addresses, holder cohorts, exchange balances, and valuation signals reveal the behavior behind price.
Bitcoin On-Chain Data On-chain analytics
See the network activity behind a price moveDaily observation
Sep 21, 2026BTC close $86,427
Active addressesObserved on-chain912,404+4.8%
Exchange balanceObserved on-chain2.31M BTC−18,420 BTC
Long-term holder supplyObserved on-chain14.22M BTC+9,860 BTC
Price moved with higher address activity and a lower tracked exchange balance.

Research questions

Questions analysts ask

Short answers backed by live Newhedge data, with links into the underlying chart when it matters.

Questions Newhedge answers

02

Are holders in profit or stress?

Bitcoin holder profitability can be read through Newhedge logoMVRV at 1.04 and Newhedge logoNUPL at 36.61%.

03

Are coins moving onto or off exchanges?

Newhedge logoBitcoin exchange balances are 3,668,100, showing whether coins are sitting on exchanges or moving away from them.

04

Are large holders changing behavior?

Newhedge logo100 to 1,000 BTC whale cohort currently has 18,264 addresses, making it a useful group to watch for accumulation or distribution.

What to watch

Choose the right on-chain signal

Newhedge covers MVRV, NUPL, Coin Days Destroyed, exchange balances, whale activity, address distribution, and long-term holder signals. These are the metrics people check when price alone is not enough.
Bitcoin On-Chain Data On-chain analytics
Ask a more specific questionChoose the metric
MVRV
Market value vs. realized value
NUPL
Unrealized profit and loss
Coin Days Destroyed
Older coins moving on-chain
Holder cohorts
Supply held for different durations

Use the data

Move from chart to workflow

Open the live view, set an alert, export the series, or query the data through API and MCP access.

On-chain workspace

Read holder behavior from real on-chain charts.

Long-term holder supply, HODL waves, address activity, and valuation signals help explain what price alone cannot.
Bitcoin On-Chain Data
Newhedge Bitcoin long-term holder supply chart
Newhedge Bitcoin HODL waves chart
Network Active addresses
Valuation MVRV
Holder PnL NUPL
Balances Exchange reserves
Addresses Whale cohorts

Live context

Compare network and market activity

On-chain data is strongest when it is paired with the live market. A price move backed by active addresses and falling exchange balances reads differently from a move with weak network activity.
Bitcoin On-Chain Data On-chain analytics
Look for agreement — or divergenceShared dates
Sep 21Price ↑Active addresses ↑Exchange balance ↓
BTC price
Active addresses
Exchange balances
EarlierSame period · separate scalesLater

Decision point

Make the research repeatable

Save the on-chain signals you care about, set alerts, export history, or pull supported metrics through the API. Newhedge keeps network data connected to the rest of the Bitcoin market.
Bitcoin On-Chain Data On-chain analytics
From a question to a repeatable checkOn-chain research
  1. 01
    Choose a signalStart with network activity, holders, or valuation
  2. 02
    Compare the historyRead the signal alongside Bitcoin price
  3. 03
    Keep it in viewSave the chart or set a metric alert
  4. 04
    Take it into your workExport history or query supported API metrics

Read network behavior beside the market. Track active addresses, holder cohorts, exchange balances, valuation signals, and whale activity without separating on-chain context from market context.

Addresses Network activity signals
Holders Cohorts and exchange balances
Cycles MVRV, NUPL, and valuation data
Bitcoin on-chain data

Analyze Bitcoin on-chain data.

View network activity, holder behavior, exchange balances, valuation metrics, and on-chain cycle signals inside Newhedge.