Someone asked: What can on-chain data tell us, and what can’t it tell us?
My answer: On-chain analytics platforms label some addresses, such as exchange hot wallets and addresses belonging to funds or project teams, but these labels can be wrong too. The same metric can mean different things under different market conditions. It’s more reliable to look at several metrics together and cross-check them against price and trading volume than to focus on just one.
$BTC 82174.64（+0.94%）
When did you figure this out?
#俄央行称2027年7月禁自托管钱包交易
Just one person’s opinion—take it with a grain of salt. This is not advice.
My answer: On-chain analytics platforms label some addresses, such as exchange hot wallets and addresses belonging to funds or project teams, but these labels can be wrong too. The same metric can mean different things under different market conditions. It’s more reliable to look at several metrics together and cross-check them against price and trading volume than to focus on just one.
$BTC 82174.64（+0.94%）
When did you figure this out?
#俄央行称2027年7月禁自托管钱包交易
Just one person’s opinion—take it with a grain of salt. This is not advice.