Coin Metrics rebuilds historical Ethereum flow data affecting backtest accuracy
Coin Metrics has recomputed its historical Ethereum flow metrics using updated exchange wallet identification, raising potential issues for trading strategies reliant on historical exchange outflow data.
FTMQ Crypto, written by our newsroom0 views
Crypto data provider Coin Metrics has rebuilt its historical Ethereum Standard Flow Metrics from the network's first block, according to CryptoSlate. The firm announced the update on Oct. 1 as part of its Ethereum Point-in-Time release, incorporating its most up-to-date wallet identification information. [1]
The retroactive adjustment highlights a timing issue for backtesting algorithms that treat exchange outflows as an immediate trading signal. CryptoSlate reported that evaluating historical outflow trading claims requires using only the specific data available at the exact moment a decision was made. [1]
Ethereum is an open-source, decentralized blockchain featuring smart contract functionality through the Ethereum Virtual Machine, a runtime environment executing complex logic for decentralized finance and non-fungible tokens. Ether is the native cryptocurrency of the network and ranks second to bitcoin in market capitalization. [2][3]
The updated dataset means that historical exchange outflow charts can change retroactively whenever additional exchange wallets are identified, according to CryptoSlate. [1]
In short
- Coin Metrics recomputed Ethereum Standard Flow Metrics from the network's first block on Oct. 1.
- Past Ethereum exchange outflow charts alter retroactively as new exchange wallets are identified.
- Trading tests relying on outflow signals require data available at the decision time to remain valid.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Ethereum’s past outflow charts can change when more exchange wallets are identifiedCryptoSlate, 1d ago (the report this story comes from)
Background
Our newsroom writes these reports with the help of software, from the 3 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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