[poontang1]

This is a horrible take.

Anyone who knows the crypto industry knows many exchanges fake volume and companies like CoinMetrics reduce the noise to get better figures on the actual nature of transactions and liquidity in the industry.

Nic Carter knows the data is bullshit because he has a company that specializes in proving such things.

[nwah1]

The false data from exchanges likely is key to the belief that these coins have value, and thus affects the data even from exchanges that aren't noticeably faking data.