What can on-chain data tell us—and what can’t it? Don’t panic, your study rep is here:
One person can own many addresses, and a single exchange address may hold the assets of many users. The number of addresses is not the same as the number of users.
The same metric can mean different things in different market conditions. Looking at several metrics together and cross-checking them against price and trading volume is more reliable than focusing on just one.
You learn the hard way: read the manual first.
$BTC 79935.46（-0.54%）
One person can own many addresses, and a single exchange address may hold the assets of many users. The number of addresses is not the same as the number of users.
The same metric can mean different things in different market conditions. Looking at several metrics together and cross-checking them against price and trading volume is more reliable than focusing on just one.
You learn the hard way: read the manual first.
$BTC 79935.46（-0.54%）