About on-chain data, keep these in mind:
1) Exchange net inflow is the amount of coins transferred into exchange addresses over a period of time minus the amount transferred out. It is often used to observe potential selling pressure.
2) On-chain analysis platforms will label some addresses with identities, such as exchange hot wallets, fund addresses, or project team addresses. These labels may also be inaccurate.
3) Do not make large positions based on a single piece of on-chain data; on-chain signals are only one reference.
All transfers of $BTC are publicly recorded on the blockchain, and anyone can query them through a block explorer.
#BTC
1) Exchange net inflow is the amount of coins transferred into exchange addresses over a period of time minus the amount transferred out. It is often used to observe potential selling pressure.
2) On-chain analysis platforms will label some addresses with identities, such as exchange hot wallets, fund addresses, or project team addresses. These labels may also be inaccurate.
3) Do not make large positions based on a single piece of on-chain data; on-chain signals are only one reference.
All transfers of $BTC are publicly recorded on the blockchain, and anyone can query them through a block explorer.
#BTC
