Media report on the No.1 Bitcoin Address Was Highly MisleadingsteemCreated with Sketch.

in bitcoin •  7 years ago 

Today a number of media reported that there were an outflow of 4000 Bitcoins out of the No.1 Bitcoin without providing mid and long-term trend.

The reporting was highly misleading without showing the trend.

If you take a look at the 1-year trend, the address is still in thepositive for 104,343 BTCs!


Source: BTC.com

As you can see below, the number of BTC in the address was actually having an upward trend to challenge 200k. Recently it dropped, but it remains unclear whether it is just a temporary adjustment at the top or a long term downward trend in this stage.


Source: Bitinfocharts

Without the two graphs you might be tempted to think that the market is going to crash.

Journalism should not simply convenue the fact. A fact if not presented with other relevant fact can distort the truth.

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