Why can different people draw completely opposite conclusions from the same on-chain data?
A large transfer to an exchange could be intended for a sale, or it could be used as futures margin, for market-maker rebalancing, or simply be the exchange reorganizing its own wallets. It’s hard to draw a conclusion from a single transaction.
One person can have many addresses, and an exchange address may hold the assets of many users. The number of addresses does not equal the number of users.
Learning this one thing won’t make me better right away, but it can help me avoid a few basic mistakes.
Understanding the principles can help you avoid pitfalls, but it can’t replace position management.
$BTC 82438 (+0.38%)
#俄央行称2027年7月禁自托管钱包交易
A large transfer to an exchange could be intended for a sale, or it could be used as futures margin, for market-maker rebalancing, or simply be the exchange reorganizing its own wallets. It’s hard to draw a conclusion from a single transaction.
One person can have many addresses, and an exchange address may hold the assets of many users. The number of addresses does not equal the number of users.
Learning this one thing won’t make me better right away, but it can help me avoid a few basic mistakes.
Understanding the principles can help you avoid pitfalls, but it can’t replace position management.
$BTC 82438 (+0.38%)
#俄央行称2027年7月禁自托管钱包交易