What can on-chain data tell us, and what can’t it tell us?
On-chain analytics platforms label some addresses with identities, such as exchange hot wallets, funds, or project team addresses. These labels can also be wrong.
One person can own many addresses, while a single exchange address may hold assets belonging to many users. The number of addresses is not the same as the number of users.
When managing your positions, the most important thing to remember is this: don’t make a large trade based on a single piece of on-chain data. On-chain signals are just one reference point.
$BTC 82704（-0.53%）
On-chain analytics platforms label some addresses with identities, such as exchange hot wallets, funds, or project team addresses. These labels can also be wrong.
One person can own many addresses, while a single exchange address may hold assets belonging to many users. The number of addresses is not the same as the number of users.
When managing your positions, the most important thing to remember is this: don’t make a large trade based on a single piece of on-chain data. On-chain signals are just one reference point.
$BTC 82704（-0.53%）