Be careful with address labels, delays, and misinterpretations
This is Day 23. Today, let’s talk about on-chain data. On-chain activity is transparent, but transparency doesn’t mean it’s easy to understand. It’s easy to misread who an address belongs to, why funds are moving, or whether there’s a delay in the data. I used to get nervous whenever I saw a large transfer, but later realized many were just internal reorganizations. On-chain data is one piece of evidence, not the answer itself. When looking at data, you also need to consider liquidity, sentiment, and price structure.
Discussion: When you look at on-chain data, what are you most likely to be misled by?
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