ON-CHAIN METRIC
Density Nodes
The price levels this market keeps returning to, drawn from how long it has stayed at each.

Open the Volume dashboard
Density Nodes finds the price bands this market has spent the most of its life inside and draws them beside the chart as a horizontal profile. The tallest bands are where price has repeatedly settled rather than passed through.
Those levels matter because agreement leaves a trace. A band price kept returning to is one where buyers and sellers repeatedly found each other, and price arriving back there tends to slow down.
What it actually measures
The profile counts how long price has stayed in each band across the window on display. A tall band is a level the market kept coming back to; a thin one is a level it fell through and never lingered in.
The three heaviest bands are shaded on the chart and the heaviest carries its own line. That line is the reference the reading at the top of the panel is taken against.
A mode control switches between the raw bands and a smoothed curve, and a width control changes how much that curve is smoothed. Widening it merges neighbours into one broad zone; narrowing it splits them apart again.
Levels price fell through are as informative as levels it held
A gap in the profile is a range the market crossed quickly and never came back to settle in. Those gaps have tended to be crossed quickly again, because there is no established agreement inside them to slow anything down.
That gives the profile two readings rather than one. The tall bands say where price is likely to stall, and the thin stretches say where it can travel without meeting much resistance.
What it does not tell you
Time spent is not the same thing as money committed. A long quiet stretch at one level and a violent session at another can leave similar marks, and the profile cannot say which drew more capital.
The whole shape depends on the window chosen. Change the timeframe and bands appear, merge or vanish, so a node is only ever a node for the stretch being looked at.
It is descriptive rather than predictive. The bands say where the market has settled before, and nothing about them obliges it to settle there again.
How to read it
Premium. Spot sits above the band this market has spent most of its life inside.
Equilibrium. Spot is resting on the heaviest band, where the market has repeatedly settled.
Discount. Spot sits beneath the band that has held price for longer than any other.
Density Nodes updates on the Volume dashboard, and so do Liquidity Correlation, Daily Volume and Volume Momentum.
Common questions
What is a density node?
A price band the market has spent an unusual amount of its time inside. It marks a level where buyers and sellers kept agreeing, which is why price arriving back there tends to slow.
What gives these bands their pull?
Because the market kept agreeing on value there. Price returning to a band it settled in again and again meets that same agreement, and testing it is what produces the reaction.
Do the nodes move?
They build slowly, as price spends time at levels it had not held before. A band formed across months is far sturdier than one left behind by a single busy week.
What do the gaps mean?
Ranges the market crossed without settling. There is little established agreement inside them, which is why price has tended to move through those stretches quickly.
Does a node predict a reversal?
No. It marks where the market has stalled before, which raises the odds of a pause rather than promising one, and plenty of nodes have been cut straight through.
ON-CHAIN METRIC
Density Nodes
The price levels this market keeps returning to, drawn from how long it has stayed at each.


Open the Volume dashboard
Density Nodes finds the price bands this market has spent the most of its life inside and draws them beside the chart as a horizontal profile. The tallest bands are where price has repeatedly settled rather than passed through.
Those levels matter because agreement leaves a trace. A band price kept returning to is one where buyers and sellers repeatedly found each other, and price arriving back there tends to slow down.
What it actually measures
The profile counts how long price has stayed in each band across the window on display. A tall band is a level the market kept coming back to; a thin one is a level it fell through and never lingered in.
The three heaviest bands are shaded on the chart and the heaviest carries its own line. That line is the reference the reading at the top of the panel is taken against.
A mode control switches between the raw bands and a smoothed curve, and a width control changes how much that curve is smoothed. Widening it merges neighbours into one broad zone; narrowing it splits them apart again.
Levels price fell through are as informative as levels it held
A gap in the profile is a range the market crossed quickly and never came back to settle in. Those gaps have tended to be crossed quickly again, because there is no established agreement inside them to slow anything down.
That gives the profile two readings rather than one. The tall bands say where price is likely to stall, and the thin stretches say where it can travel without meeting much resistance.
What it does not tell you
Time spent is not the same thing as money committed. A long quiet stretch at one level and a violent session at another can leave similar marks, and the profile cannot say which drew more capital.
The whole shape depends on the window chosen. Change the timeframe and bands appear, merge or vanish, so a node is only ever a node for the stretch being looked at.
It is descriptive rather than predictive. The bands say where the market has settled before, and nothing about them obliges it to settle there again.
How to read it
Premium. Spot sits above the band this market has spent most of its life inside.
Equilibrium. Spot is resting on the heaviest band, where the market has repeatedly settled.
Discount. Spot sits beneath the band that has held price for longer than any other.
Density Nodes updates on the Volume dashboard, and so do Liquidity Correlation, Daily Volume and Volume Momentum.
Common questions
What is a density node?
A price band the market has spent an unusual amount of its time inside. It marks a level where buyers and sellers kept agreeing, which is why price arriving back there tends to slow.
What gives these bands their pull?
Because the market kept agreeing on value there. Price returning to a band it settled in again and again meets that same agreement, and testing it is what produces the reaction.
Do the nodes move?
They build slowly, as price spends time at levels it had not held before. A band formed across months is far sturdier than one left behind by a single busy week.
What do the gaps mean?
Ranges the market crossed without settling. There is little established agreement inside them, which is why price has tended to move through those stretches quickly.
Does a node predict a reversal?
No. It marks where the market has stalled before, which raises the odds of a pause rather than promising one, and plenty of nodes have been cut straight through.

