On-Chain Metrics Dashboard: The 5 Indicators I Check Monthly

Keep It Simple: Five Metrics, One Dashboard

There are hundreds of on-chain metrics available. When I first started studying on-chain analysis, I tried to track them all and ended up confused and overwhelmed. Over time, I narrowed it down to five key metrics that I check once a month. Together, they give me a comprehensive picture of the market.

My Monthly Dashboard

1. MVRV Z-Score

A normalized version of the MVRV ratio that accounts for volatility. It measures how far the current market value is from the realized value in standard deviations.

• Below 0: Strong buy zone
• 0-2: Fair value range
• 2-7: Increasingly overvalued
• Above 7: Extreme overvaluation — historical cycle tops

2. NUPL (Net Unrealized Profit/Loss)

Shows the aggregate sentiment of all holders. I have covered this in detail in a separate article, but it is essential for understanding whether the market is in fear, optimism, or euphoria.

3. Exchange Reserve Trend

Are Bitcoin reserves on exchanges increasing or decreasing? A 30-day trend is more useful than daily data. Declining reserves suggest accumulation; increasing reserves suggest distribution.

4. Realized Price

The average price at which all Bitcoin last moved on-chain. This serves as a key support level in bull markets and a resistance level in bear markets. If the market price is far above realized price, the market may be overheated.

5. Long-Term Holder Supply

Bitcoin that has not moved in more than 155 days is classified as held by "long-term holders" (LTHs). When LTH supply is increasing, it means HODLers are accumulating. When it decreases, they are distributing (selling).

LTH Behavior	Market Phase
LTH supply increasing, price down	Accumulation — smart money buying
LTH supply stable, price up	Bull market holding phase
LTH supply decreasing, price up	Distribution — smart money selling to new buyers
LTH supply decreasing, price down	Capitulation — even long-term holders giving up

My Monthly Routine

1. First Sunday of each month: open my dashboard
2. Check each metric and note the current reading
3. Compare with previous month
4. Write a brief summary: "Are conditions improving or deteriorating?"
5. Adjust my DCA intensity if warranted (increase during fear, maintain during neutral, consider profits during euphoria)
6. Time spent: 30 minutes

Where to Access These Metrics

• Free: LookIntoBitcoin, Bitcoin Magazine Pro (limited)
• Freemium: Glassnode, CryptoQuant (basic dashboards free)
• Paid: Glassnode Professional, CryptoQuant Advanced

Start with free tools. You do not need to pay for data to be an informed investor.

Visit our tools page for direct links to these resources.

Disclaimer: This is educational content only and is NOT financial advice. On-chain metrics are historical data and may not predict future price movements. Use multiple indicators and always do your own research. Never make investment decisions based on any single metric.