Let’s talk about on-chain data:
On-chain analytics platforms label some addresses, such as exchange hot wallets, funds, or project team addresses. These labels can also be wrong.
A large transfer to an exchange could be intended for selling, but it could also be used as futures margin, for market-maker rebalancing, or simply be the exchange reorganizing its own wallets. It’s hard to draw conclusions from a single transaction.
$BTC 82664（-0.56%）
#BTC
On-chain analytics platforms label some addresses, such as exchange hot wallets, funds, or project team addresses. These labels can also be wrong.
A large transfer to an exchange could be intended for selling, but it could also be used as futures margin, for market-maker rebalancing, or simply be the exchange reorganizing its own wallets. It’s hard to draw conclusions from a single transaction.
$BTC 82664（-0.56%）
#BTC