Bitcoin News
By Dan Saada
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Institutions Won't Take a Dashboard's Word for It. Banks, funds, and asset managers are now demanding the same on-chain insights that once gave…
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FTX's Bitcoin Reserves and the Address Grouping Problem. The FTX collapse in November 2022 turned into an accidental stress test for on-chain data providers.
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60 Metrics, Curated — Not 600 Thrown at a Wall. Edwards isn't just criticizing the industry. Capriole Investments built its own answer to the…
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Charles Edwards has a blunt take on the on-chain analytics industry. The founder of Capriole Investments says up to 99% of on-chain metrics are basically noise — worthless unless…
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It's a striking claim, but the timing makes sense. Institutional players are piling into crypto data now in a way retail traders never did, and they're not taking anything at…
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Banks, funds, and asset managers are now demanding the same on-chain insights that once gave smaller traders an information advantage — but they're applying a level of scrutiny…
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That's a meaningful change for data providers. For years, the business model was pretty much: build a dashboard, label your metrics, and watch the subscriptions roll in.
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And the lack of transparency has real consequences.
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See also: Cardanos 1,096 Bitcoin Question Wont Go Away — and the $7.8M Summit Cancellation Makes It Worse
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But other dashboards told a different story during the same window. Some showed conflicting figures, not because the blockchain lied, but because platforms use different address…
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That's the core problem Edwards keeps coming back to. Metrics can carry the same name across platforms and still be calculated in completely different ways.
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For an institution trying to make a risk call, that ambiguity isn't acceptable.
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That philosophy is probably the most useful takeaway for anyone evaluating data providers right now.
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See also: Metaplanet Pays 2.1 Billion Yen for Siiibo to Launch Bitcoin Bonds in Japan
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The FTX situation made that lesson unavoidable. CryptoQuant's conservative address clustering gave a clearer, faster picture of what was happening to those reserves.
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