https://tokentrail.app/blog/Research notes and incidents read through on-chain data: what the metric measures and where it can mislead.enhttps://tokentrail.app/blog/glassnode-week-42-bitcoin-metrics-explained/https://tokentrail.app/blog/glassnode-week-42-bitcoin-metrics-explained/Tue, 13 Oct 2026 03:15:14 +0000Glassnode tied last week's bitcoin pullback to perpetual and ETF selling. We explain the metrics behind that view and where they can mislead.