{"id":14255,"date":"2024-03-04T17:50:43","date_gmt":"2024-03-04T17:50:43","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=14255"},"modified":"2024-03-04T17:25:04","modified_gmt":"2024-03-04T17:25:04","slug":"pre-bitcoin-btc-halving-on-chain-data-analysis","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/pre-bitcoin-btc-halving-on-chain-data-analysis\/","title":{"rendered":"Pre-Bitcoin (BTC) Halving On-chain Data Analysis"},"content":{"rendered":"<p>What do the on-chain data indicate as the <strong>Bitcoin (BTC) Halving<\/strong> approaches? Is it possible to predict just by reading the charts? Here are the details.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/pre-bitcoin-btc-halving-on-chain-data-analysis\/#When_Will_Bitcoin_BTC_Halving_Occur\" title=\"When Will Bitcoin (BTC) Halving Occur?\">When Will Bitcoin (BTC) Halving Occur?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/pre-bitcoin-btc-halving-on-chain-data-analysis\/#So_How_Do_We_Do_a_More_Reliable_Analysis\" title=\"So How Do We Do a More Reliable Analysis?\">So How Do We Do a More Reliable Analysis?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"When_Will_Bitcoin_BTC_Halving_Occur\"><\/span>When Will Bitcoin (BTC) Halving Occur?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It is estimated that there are approximately 50 days left for the <strong>Bitcoin (BTC) halving<\/strong> process. As the expectation of Bitcoin halving increases, the number of large investors entering the market increases, while old investors are expecting tough corrections from the market. There are important analyses we can do to precautions as investors. At first glance, the most important of these seems to be market manipulations, fake liquidations shown by whales, they&#8217;re trying to benefit from FOMO. FOMO is briefly defined as the fear of missing out on the present and leads to the investor making panic transactions and benefiting the exchange \/ major investors.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"So_How_Do_We_Do_a_More_Reliable_Analysis\"><\/span>So How Do We Do a More Reliable Analysis?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Today, many people, including new investors, can do analysis over the chart, but to avoid falling for false moves, especially during the pre-hardening period, we need to examine the on-chain data as well. There are some data that cannot be changed by instant transaction movements. One of these is the \u201c+1 Year HODL Wave\u201d chart which we can access for free on the lookintobitcoin.com site. Because it requires a long time to be able to manipulate. It shows us the BTC price in proportion to the rate of whales holding BTC for more than 1 year. Let&#8217;s examine the current data together.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-14267 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bitcoin-BTC-Halving.jpg\" alt=\"Bitcoin (BTC) Halving\" width=\"768\" height=\"548\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bitcoin-BTC-Halving.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bitcoin-BTC-Halving-300x214.jpg 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/p>\n<p>As we can see here, we understand that as the HODL amount increased in the past, the price movement pulled itself together and caused a linear crash. When the HODL amount decreased a little, we see that the price progressed towards the peak region. The investor who reduces the amount of BTC in his hand directs to other coins, igniting the sparks of the altcoin rally. Looking at May 4, 2024, we see that the HODL amount has made a small withdrawal and the price is heading upwards. This brings the question, &#8220;Is money being transferred to altcoins?&#8221; We will see the answer to these questions more clearly with the price movements in the coming days. You can watch our on-chain analysis series from the Coin Engineer <a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noopener\">Youtube<\/a> channel to follow the on-chain data yourself on chain analysis and you can access many useful content on how to follow on-chain data. See you in another <a href=\"https:\/\/coinengineer.net\/blog\/\">blog<\/a> post!<\/p>\n<hr \/>\n<div><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>What do the on-chain data indicate as the Bitcoin (BTC) Halving approaches? Is it possible to predict just by reading the charts? Here are the details. When Will Bitcoin (BTC) Halving Occur? It is estimated that there are approximately 50 days left for the Bitcoin (BTC) halving process. As the expectation of Bitcoin halving increases,<\/p>\n","protected":false},"author":1,"featured_media":14254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[89,60,1405,1674,4683,3116,3774],"class_list":["post-14255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin-halving","tag-btc","tag-coin-engineer","tag-fomo","tag-hodl","tag-investor","tag-on-chain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pre-Bitcoin (BTC) Halving On-chain Data Analysis - Coin Engineer<\/title>\n<meta name=\"description\" content=\"What do the on-chain data indicate as the Bitcoin Halving approaches? 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