I wouldn't trade off it but I think it's accurate enough to show major trends. It's also delayed and harder now with ETFs .. so I don't know how usefuI... wouldn't be surprised if some of this shrimp selling is little accounts
-buying shitcoins to try to grow their position
- just selling a big round number
- moving to etf
This is interesting. I would really be curious to see how they figure it out. Probably proprietary stuff
Yeah, agreed. I do believe there is enough data from this many years of transactions to get some good metrics but I've never spent enough time to figure out what is signal and noise
I was curious about where Glassnode’s funding comes from. All I’m finding is that they’re backed by the accelerator WATTx. Since it’s a private entity, information about ownership is private. Makes sense. Just curious about the incentives
They charge a pretty penny for real time data so they're probably doing ok without a ton of outside funding now but now sure how they started
Now that’s expensive! Probably lots of work to analyze real time data.
