BTCparser1 User Guide

Working principles, advantages and disadvantages of BTCparser1

It's worth noting that Bitcoin blockchain is used to store information about all activities within the network, including addresses, hashes, and the current balance of all existing wallets in the network. It also contains information about all outgoing and incoming transactions, including time, amount, fee and other parameters of transactions. By using various block explorers (blockchain.com and other similar solutions), users are able to find information about a specific transaction or a wallet. In case of the need to analyze information about hundreds or even thousands of different transactions or addresses, specific software called blockchain parsers be required.

Please note that BTCparser1 was created exclusively for the purpose of monitoring the activity of so-called sleeping Bitcoin addresses (also referred as wallets). It constantly monitors blockchain for any activity related to 64529 addresses.

All of these wallets haven't made any outgoing transactions ever since the moment of their creation and hold more than 10BTC! As soon as any transaction involving one of these wallets takes place, the bot immediately sends out a message with corresponding details to https://btcparser.com/1/ or the public Telegram channel t.me/BTCparser1.

What is the purpose of BTCparser1?

What is the core idea of that parser? Primarily, statistical information can be used to make conclusions on the mood of true-holders and early adopters (all wallets of Satoshi Nakamoto are here as well). If required, funds can be easily tracked, for example, if they were sent to wallets of big exchanges or other users. Secondly, increased activity of 'sleeping' wallets can be a sign of important event occurring within the network. As an example, when big holder sends his bitcoins to some exchange, most likely they are going to be sold and that might affect the price.

Warning: never try to use the statistical information provided by the bot to predict the price of Bitcoin. BTCparser1 was created for a purpose of constant monitoring of 'sleeping' wallets. This information is used to gain a deeper understanding of the blockchain, and can't be used as the foundation for the trading decisions and activity.

Data recording format

As soon as BTCparser1 registers the change of the balance of one or several wallets from the list, it sends a corresponding message.

Each message contains the following information:

• Date and time of checking
• Address of the wallet
• Little comment related to that wallet group (date of creation)
• The amount of bitcoin debited or credited
• The remaining balance of that wallet (has been removed in December of 2022)
• Block number containing that transaction

For example, the following record «2020-03-11 00:20:57.195 15vYxqxHcnPxCyoj3d3XRqHhae7R7TEjh3 created 20.08.2010 -50.00000000 0.00000000 block:621146 » means that the wallet with and address 15vYxqxHcnPxCyoj3d3XRqHhae7R7TEjh3 (has been created on 20.08.2010) has sent -50 BTC on 11.03.2020 at 00:20, remaining balance is zero.

Main advantages

BTCparser1 has the following advantages:

• Continuous monitoring of 64529 BTC wallets
• Fast access to data. The bot checks these wallets on every block. As soon as the balance changes, BTCparser1 sends a corresponding message
• This information is provided immediately and the user doesn't have to use the block explorer.

The biggest disadvantage of BTCparser1 is that it currently supports only the Bitcoin blockchain.

Whenever there is a need in monitoring any big transactions or wallets, we advise you to use BTCparser2. It tracks all transactions of more than 200 BTC per block. Or you may also have a look at BTCparser3, which tracks all the total transfers exceeding 1000 BTC during 100 blocks.