BIS study flags gaps in measuring Bitcoin transfers

A study from the Bank for International Settlements (BIS) says commonly used cryptocurrency metrics may fail to fully capture underlying economic activity. The research highlights measurement challenges across Bitcoin, Ethereum and stablecoins, including gaps in estimates of onchain transfer activity. The findings suggest that transaction figures and other widely followed blockchain indicators can obscure how crypto networks are being used economically. The study is relevant to market analysis of Bitcoin (BTC), Ethereum (ETH) and stablecoins, where onchain data is frequently used to assess activity and adoption. Cointelegraph reported the BIS findings on September 15, 2026. The paper does not provide a new price outlook for the assets, but instead focuses on the limitations analysts face when interpreting crypto network data.