Why can different people draw completely different conclusions from the same set of 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.
Don’t make a large move based on a single on-chain message. 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. Current price: 82243.1.
If you have a friend who’s new to this, you can share this with them.
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.
Don’t make a large move based on a single on-chain message. 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. Current price: 82243.1.
If you have a friend who’s new to this, you can share this with them.