Crypto Market Analysis
By Twin · CoinHours Editorial · Maintained by CoinHours Editorial · Reviewed as the market evolves
Crypto markets behave differently to equities, bonds, or commodities. They trade 24/7 across hundreds of venues, settlement is on-chain and publicly observable, and a small group of large holders can move prices in ways that would be illegal in regulated markets. Reading these markets well means combining traditional macro analysis with on-chain data that simply doesn't exist for any other asset class.
These guides walk through the analytical frameworks that actually work: halving cycles and how they map to broader market structure, on-chain metrics like MVRV, NUPL, and SOPR, dominance trends between Bitcoin and altcoins, stablecoin flows as a proxy for incoming liquidity, and the macro variables — real yields, the dollar, global liquidity — that increasingly drive crypto alongside risk assets.
Nothing here is a trading signal. The aim is to give you a way to interpret what's happening across the market with data, so you're making allocation and risk decisions from evidence rather than from whichever influencer happens to be loudest that week.
Key Takeaways
- •Crypto cycles have historically followed Bitcoin halvings, but each cycle has its own macro context.
- •On-chain metrics like MVRV and NUPL are valuation tools, not timing tools — they identify zones, not days.
- •Bitcoin dominance trends often signal whether risk is rotating into or out of altcoins.
- •Stablecoin supply growth is a useful proxy for incoming liquidity to the crypto market.
- •Macro forces — US dollar, real yields, global liquidity — increasingly drive crypto alongside risk assets.