A crypto analyst says inaccurate narratives still circulate in the cryptocurrency market, mainly based on skewed information rather than onchain data to back it up.
“Beware of misinformation. Despite the data, misleading narratives persist,” CryptoQuant contributor “onchained,” said in a March 22 market report.
“Such claims often lack onchain validation and are driven by sensationalist market sentiment rather than objective analysis,” the analyst said, adding:
“Trust data, not noise, verify sources and cross-check onchain metrics.”
Onchained pointed to the recent movements of Bitcoin (BTC) long-term holders (LTH) — those holding for over 155 days — as an example of false narratives clashing with real data.
The analyst pointed out that while some narratives claim Bitcoin long-term holders are “capitulating,” the data shows they’re remaining consistent. “The data leaves no room for speculation,” Onchained said.
The Inactive Supply Shift Index (ISSI) — which measures the degree to