In most positive articles about BTC / ETH you can find numbers explaining how many coins are drawn from exchanges (to fit a bullish narrative). They did this even right before the crash in december and they did it yesterday. I really wonder how they find these numbers: first there’s no offical data from the exchange itself (or is there?). Second you can’t be sure which adresses on the chain are used from exchanges like Binance or Coinbase. So “onchain analysis” won’t be a secure bet.
What do you guys think? I just think we need to be sure about where all these numbers come from before we use them for hopium / as an argument.
Example (from beincrypto.com):