Before tracking the flow of funds, get the basics down. Today, let’s talk about on-chain data.
You can look up which block each of Bitcoin’s unspent transaction outputs (UTXOs) was created in. This makes it possible to estimate how many coins haven’t moved in a long time.
When you see breaking news about “whale activity,” first check who owns the address and where the coins went. Don’t trade based on the headline alone.
Every transaction made by $BTC is publicly recorded on the blockchain, and anyone can look it up using a block explorer.
#BTC
You can look up which block each of Bitcoin’s unspent transaction outputs (UTXOs) was created in. This makes it possible to estimate how many coins haven’t moved in a long time.
When you see breaking news about “whale activity,” first check who owns the address and where the coins went. Don’t trade based on the headline alone.
Every transaction made by $BTC is publicly recorded on the blockchain, and anyone can look it up using a block explorer.
#BTC