How to Read and Track Bitcoin Transactions: A Guide
A step-by-step guide on analyzing Bitcoin transactions manually and using tools, covering blockchain forensics, tracking whales and exchange inflows, and understanding the probabilistic nature of tracing.
BTCUSD
Bitcoin's public ledger allows anyone with the right skills to trace transactions from address to address. This capability has spawned an entire industry: traders monitor whale movements and exchange inflows, blockchain forensics experts help recover stolen funds, and compliance teams filter out illicit coins.
This guide walks through how to analyze transactions manually, how to automate the process with tools, and why even the most advanced tracing only provides probability—not certainty.
Source: ForkLog