Blockchain Industry | What can on-chain data tell us—and what can’t it?
The number of active addresses counts how many addresses have participated in transfers over a given period. It is often used as one of the reference metrics for gauging network usage.
The same metric can mean different things under different market conditions. It’s more reliable to consider several metrics together and cross-check them against price and trading volume than to focus on just one.
Every transfer made by $BTC is publicly recorded on the blockchain and can be looked up by anyone using a block explorer.
Markets are always uncertain, so think in advance about what you’ll do if your judgment turns out to be wrong.
The number of active addresses counts how many addresses have participated in transfers over a given period. It is often used as one of the reference metrics for gauging network usage.
The same metric can mean different things under different market conditions. It’s more reliable to consider several metrics together and cross-check them against price and trading volume than to focus on just one.
Every transfer made by $BTC is publicly recorded on the blockchain and can be looked up by anyone using a block explorer.
Markets are always uncertain, so think in advance about what you’ll do if your judgment turns out to be wrong.