Three sentences to explain on-chain data:
The number of active addresses counts the addresses that have made transfers during a given period, and is often used as one of the indicators for measuring network usage.
A large transfer into an exchange could mean the sender is preparing to sell, but it could also be for use as futures margin, market-maker rebalancing, or simply the exchange reorganizing its own wallets. You can’t draw a conclusion from a single transaction alone.
When you see a flash update about “whale movements,” first check who owns the address and where the coins ended up. Don’t place an order based only on the headline.
$BTC 79708.48（-1.02%）
#BTC
The number of active addresses counts the addresses that have made transfers during a given period, and is often used as one of the indicators for measuring network usage.
A large transfer into an exchange could mean the sender is preparing to sell, but it could also be for use as futures margin, market-maker rebalancing, or simply the exchange reorganizing its own wallets. You can’t draw a conclusion from a single transaction alone.
When you see a flash update about “whale movements,” first check who owns the address and where the coins ended up. Don’t place an order based only on the headline.
$BTC 79708.48（-1.02%）
#BTC
