While chatting with friends, I realized that many people get this mixed up.
You can find out which block each of Bitcoin’s unspent transaction outputs (UTXOs) was created in, which lets you estimate how many coins haven’t moved in a long time.
A large transfer to an exchange could mean someone is preparing to sell, but it could also be for futures margin, market-maker rebalancing, or simply the exchange reorganizing its own wallets. You can’t draw conclusions from a single transaction.
Every transaction of $BTC is publicly recorded on the blockchain, and anyone can look it up using a block explorer. Currently 82958.
What topics would you like to learn about? Let us know in the comments.
#BTC
You can find out which block each of Bitcoin’s unspent transaction outputs (UTXOs) was created in, which lets you estimate how many coins haven’t moved in a long time.
A large transfer to an exchange could mean someone is preparing to sell, but it could also be for futures margin, market-maker rebalancing, or simply the exchange reorganizing its own wallets. You can’t draw conclusions from a single transaction.
Every transaction of $BTC is publicly recorded on the blockchain, and anyone can look it up using a block explorer. Currently 82958.
What topics would you like to learn about? Let us know in the comments.
#BTC