The Importance of Accurate On-Chain Data

The Importance of Accurate On-Chain Data

Errors in the reporting of bitcoin’s on-chain data can drastically affect the volatility and price of the market.Bitcoin market manipulation still exists:The importance of on-chain analytics and blockchain data providers is rising in importance right alongside bitcoin’s price and overall adoption. However, with this increase of importance comes an increase of responsibility. Tens of thousands of traders now use popular on-chain data providers such as Glassnode, CryptoQuant and Coinmetrics. These traders are making instant reactions/decisions based on this data, trying to gain an edge over....


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