How to interpret a Bubblemap?
A typical Bubblemap will contain the following information:
Bubble size: Directly reflects the size of the holdings. Huge bubbles are obvious danger signals.
Bubble color: Usually used to distinguish different categories of holders. CEX (Centralized Exchange): Typically marked in one color (e.g., blue), representing the cold wallet or hot wallet of the exchange, used for user deposits and withdrawals. Large bubbles from multiple exchanges are normal.
DEX (Decentralized Exchange): Usually marked in another color (e.g., green), representing liquidity tokens in pools such as Uniswap and Raydium. This is a key bubble that requires attention to the size and quality of the liquidity pool (whether it is locked).
