On-chain analysis has become an important tool for Crypto Assets investors, but for Newbies, getting started with these tools can often be confusing. This article will reveal how to effectively use Bubblemaps for on-chain analysis, helping you make informed decisions in the complex crypto market.

Firstly, for Newbies who are new to on-chain analysis, it is essential to grasp the basic knowledge. Ignore those seemingly complex indicators and focus your attention on the most critical point: chip concentration. When you look at a token contract, the primary task is to analyze the total holding ratio of the top ten holders (excluding exchanges and project contracts). If this ratio exceeds 50%, or even reaches 60%, this is a warning signal. This situation is similar to a card game where most of the chips are concentrated in the hands of a few players, leaving ordinary investors with minimal chances of winning. By mastering this simple yet crucial 'oligopoly' pattern analysis method, you can effectively avoid most high-risk projects in the market.

Secondly, it is also important to understand some common suspicious patterns. For example, the 'spider web' pattern, where a large wallet distributes tokens to numerous small wallets that have never had transaction records. This behavior usually indicates potential fraud risk. Project parties may attempt to disguise the true holding situation or prepare for subsequent sell-offs in this way. We refer to this as 'structural original sin' because this token distribution structure is inherently deceptive.

As you deepen your understanding of on-chain analysis, you will find that these tools not only help you identify risks but also provide you with valuable market insights. Through continuous learning and practice, you will be able to better understand token liquidity, the behavior patterns of major holders, and overall market trends.

Remember, in the crypto market, information is power. Utilizing on-chain analysis tools like Bubblemaps can help you not only avoid risks but also discover potential investment opportunities. As you accumulate experience, you will gradually grow from a Newbie to an on-chain analysis expert, navigating this market full of opportunities and challenges with ease.