Folks, one pro tip I recommend for everyone, is to ignore all commentary related to exchange balances that isn't coming from a serious professional analyst (even then, question it...).
Few data providers do a good job tracking the wallets, few analysts understand the data, and what is available is almost exclusively noise and click bait. The nuances are beyond ridiculous, and the problem is endlessly dynamic.
inflows, outflows, balances and supply squeezes. It has no relevance to price or the market, and should be ignored in the vast majority of circumstances.
Don't whale watch kids.
_Checkmatey_ / _Checkɱate 🔑⚡🌋☢️🛢️
npub1qh…ceh9r
2024-08-28 04:43:19
Author Public Key
npub1qh5sal68c8swet6ut0w5evjmj6vnw29x3k967h7atn45unzjyeyq6ceh9rPublished at
2024-08-28 04:43:19Event JSON
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"created_at": 1724820199,
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"tags": [],
"content": "Folks, one pro tip I recommend for everyone, is to ignore all commentary related to exchange balances that isn't coming from a serious professional analyst (even then, question it...).\n\nFew data providers do a good job tracking the wallets, few analysts understand the data, and what is available is almost exclusively noise and click bait. The nuances are beyond ridiculous, and the problem is endlessly dynamic.\n\ninflows, outflows, balances and supply squeezes. It has no relevance to price or the market, and should be ignored in the vast majority of circumstances.\n\nDon't whale watch kids.",
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}