Bitcoin Entities in Profit

Bitcoin entities are derived by analyzing address relationships through transaction patterns. The process identifies addresses likely controlled by the same entity by examining co-spending behavior (multiple addresses funding the same transaction) and applying heuristics like change address detection. These relationships are assigned confidence scores, and addresses are clustered into entities when their connections exceed confidence thresholds. The final entities are enriched with transaction statistics to provide a comprehensive view of their on-chain activity. Note the data in the chart only contains bitcoin entities since 25/07/2023.