Exchange, stablecoin, and on-chain flows
Movement is visible; motive is not.
Exchange, stablecoin, and on-chain flows
| Concept | Explanation | |---|---| | Exchange inflow | Crypto moves into exchange-controlled wallets. | | Exchange outflow | Crypto leaves exchanges. | | Stablecoin inflow | Stablecoins move onto trading venues. | | Whale transfer | Large wallet movement that may have many explanations. | | Entity-label risk | Incorrect address classification distorts conclusions. | | Internal transfer | Exchange or custodian reorganizes wallets without changing investor intent. |
Key idea: On-chain transparency shows movement, not motive. A transfer is not automatically a purchase or sale.