What can on-chain data tell us, and what can’t it show us? No worries—the class rep is here with the answers:
You can find out which block each of Bitcoin’s unspent transaction outputs (UTXOs) was created in, and use that to estimate how many coins haven’t moved for a long time.
A large transfer into an exchange could mean the holder is preparing to sell, but it could also be for futures margin, market-maker rebalancing, or simply the exchange reorganizing its own wallets. It’s hard to draw conclusions from a single transaction.
You learn the hard way after paying enough tuition: read the rules first.
$BTC 67091.3（-2.44%）
#BTC
You can find out which block each of Bitcoin’s unspent transaction outputs (UTXOs) was created in, and use that to estimate how many coins haven’t moved for a long time.
A large transfer into an exchange could mean the holder is preparing to sell, but it could also be for futures margin, market-maker rebalancing, or simply the exchange reorganizing its own wallets. It’s hard to draw conclusions from a single transaction.
You learn the hard way after paying enough tuition: read the rules first.
$BTC 67091.3（-2.44%）
#BTC
