Let’s talk about on-chain data.
One person can have many addresses, and an exchange address may hold the assets of many users. The number of addresses is not the same as the number of users.
Honestly, I only learned this later: don’t place a large trade based on a single piece of on-chain data. On-chain signals are just one reference point.
All transfers involving $BTC are publicly recorded on-chain, and anyone can look them up using a block explorer.
Verify information with multiple sources before acting; don’t rely on just one person’s account.
#BTC
One person can have many addresses, and an exchange address may hold the assets of many users. The number of addresses is not the same as the number of users.
Honestly, I only learned this later: don’t place a large trade based on a single piece of on-chain data. On-chain signals are just one reference point.
All transfers involving $BTC are publicly recorded on-chain, and anyone can look them up using a block explorer.
Verify information with multiple sources before acting; don’t rely on just one person’s account.
#BTC