Keep these points about on-chain data in mind:
1) The number of active addresses counts how many addresses have participated in transfers over a period of time. It is often used as one indicator of network usage.
2) For every Bitcoin unspent transaction output (UTXO), you can find which block it was created in, so it’s possible to count how many coins have remained untouched for a long time.
3) When you come across news flashes about “whale movements,” first check who owns the address and where the coins ultimately go. Don’t place a trade based on the headline alone.
All transfers involving $BTC are publicly recorded on the blockchain, and anyone can look them up using a block explorer. Current: 82058.01.
#BTC
1) The number of active addresses counts how many addresses have participated in transfers over a period of time. It is often used as one indicator of network usage.
2) For every Bitcoin unspent transaction output (UTXO), you can find which block it was created in, so it’s possible to count how many coins have remained untouched for a long time.
3) When you come across news flashes about “whale movements,” first check who owns the address and where the coins ultimately go. Don’t place a trade based on the headline alone.
All transfers involving $BTC are publicly recorded on the blockchain, and anyone can look them up using a block explorer. Current: 82058.01.
#BTC