If you are a web3 enthusiast, particularly those active in DeFi and crypto trading, let me know how often you use on-chain analytics platforms like Glassnode, Nansen, or Dune to track whale wallets and top traders' activities.
I have read before that it can helo but I think otherwise. I only prefer to go for well known coins. And among them, I have special preference for bitcoin. But I have read that some people are using on-chain data like trading volume to know the next coin to buy.
What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are? Or do you do these just to catch market trends?
I prefer to buy ehen the market is red and people are afraid to buy. That is called the beat market. I like buying during bear market but most coins may not rise like before, that makes bitcoin and very few other coins the best option for me.