Hi Root! got a question on a side topic - are transactions/trades on CEXes somehow reflected in onchain metrics (short term holders, sopr etc.) or they are reflected only if coins moved to cold storage/non-custodial wallets?
Hi Buzz, on-chain only tracks transactions from and to exchanges. High inflow to exchanges does imply sell pressure. Trades on exchanges are not visible on-chain, but often after these trades people take again (partial) custody.
Great interview.
Hi Root! got a question on a side topic - are transactions/trades on CEXes somehow reflected in onchain metrics (short term holders, sopr etc.) or they are reflected only if coins moved to cold storage/non-custodial wallets?
Hi Buzz, on-chain only tracks transactions from and to exchanges. High inflow to exchanges does imply sell pressure. Trades on exchanges are not visible on-chain, but often after these trades people take again (partial) custody.
and one more question I forgot)
is there any metric showing realtion between price and STH basis? a z-score of this etc., anything. And if not, how am I able to build such on my own?
check this out: https://bitcoinstrategy.substack.com/p/analyzing-short-term-holders
thanks! thats it