- CryptoQuant used on-chain data to dispel doubts about Tether’s BTC position.
- It says Tether might possess additional Bitcoin wallets beyond the one under scrutiny.
- On-chain data can also potentially lead to the wrong categorization of whale entities.
CryptoQuant, a prominent on-chain data and analytics provider, has taken to Twitter to dispel the doubts surrounding Tether’s position as the eleventh-largest holder of Bitcoin. The company determined to counter the week’s spread of fear, uncertainty, and doubt (FUD) with the power of its on-chain data.
1-3/ Can we verify @Tether_to being the 11th largest #Bitcoin holder with the on-chain data?4-6/ What is the blind spot of on-chain data when monitoring #Whales' behavior?Let's BUST this week's FUDs with our on-chain data.Thread