What the data can't tell you
These limits apply to every report; limits specific to one report are listed in its last chapter.
A transfer is not a sale
A chain record proves the time, addresses and amount of a transfer. It does not show whether the transfer was a sale or what it was for, or that a later price move was connected to it.
An address is not an identity
Addresses can be confirmed; their holders only with public, checkable material, and are otherwise marked unknown. Similar names or transfers between addresses do not establish a common owner.
The same tokens on two chains
A cross-chain transfer is recorded once on the source chain and once on the destination chain, for the same amount. Adding the two double-counts, and neither is new supply.
Open interest value, position size and volume
Open interest is measured as notional value or as position size; when the price falls, the value shrinks even if positions do not. Volume is the total traded, not net buying. None of these separates forced liquidations from voluntary closing.
Converting funding rates
Exchanges settle funding every 8, 4 or 1 hours. Rates are converted to a per-hour figure for comparison; the converted figure is not what any position holder paid.
Case reviews
Reports marked "Case review" describe that period only; their balances, permissions and market figures are not current.
Missing data is not zero
Periods without records are marked as gaps, not as zero or as nothing having happened.
No price calls
Assay does not forecast prices, give trading advice or infer intent.