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Bitcoin Onchain Transfer Estimates Show Sixfold Variation in BIS Study
A BIS study found Bitcoin onchain transfer estimates can vary sixfold, highlighting measurement challenges for crypto data, with Ethereum and stablecoins also facing gaps.
Researchers at the Bank for International Settlements (BIS) have identified significant discrepancies in the estimation of Bitcoin onchain transfers. According to Crypto.news, a study by BIS found that estimates for these transfers can vary by as much as sixfold. The research also noted that data for Ethereum and stablecoins faces its own distinct measurement challenges and gaps.
This finding underscores the complexities involved in accurately quantifying activity on blockchain networks. For market participants and analysts, understanding the reliability of onchain data is crucial for assessing network usage, liquidity, and overall market health. The variations highlighted by the BIS suggest that different methodologies or data sources can lead to widely divergent conclusions about the volume and value of transactions occurring on these decentralized ledgers.
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