# Bitcoin’s Onchain Numbers Are Misleading | Bitcoin and Crypto News

Page: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/bitcoin-s-onchain-numbers-are-misleading-bitcoin-and-crypto-news
Text version: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/bitcoin-s-onchain-numbers-are-misleading-bitcoin-and-crypto-news.md
Podcast: [Crypto News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376)
Published: 2026-09-16T04:37:42+00:00
Episode link: https://sources.thednn.ai/0b33de9d04a78c7a
Audio file: https://api.fastcast.ai/audio/afc6aec1-8f2e-4613-96d7-c168248b4193.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/episodes/bitcoin-s-onchain-numbers-are-misleading-bitcoin-and-crypto-news
Duration seconds: 109

## Resource

Bitcoin’s onchain activity might be wildly misreported — new research reveals transaction metrics can vary sixfold depending on how you count them, largely due to Bitcoin’s change mechanism. The Bank for International Settlements found similar issues across Ethereum and Tron, warning that traditional crypto metrics like volume and market cap may be misleading. Stablecoins like USDT add further confusion, as the same token can serve multiple purposes across chains. Companies like Visa are already working on adjusted dashboards to filter out noise — showing trillions in raw data but only hundreds of billions when accounting for internal movements and high-frequency trading. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Sources: https://cointelegraph.com/news/bis-paper-finds-major-gap-in-bitcoin-onchain-transfer-estimates More coverage & latest updates: https://sources.thednn.ai/0b33de9d04a78c7a Report issues to feedback@thednn.ai.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/episodes/bitcoin-s-onchain-numbers-are-misleading-bitcoin-and-crypto-news/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/bitcoin-s-onchain-numbers-are-misleading-bitcoin-and-crypto-news.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.