The Register supplies an attributed view of entities associated with LTC. A tracker’s entity count or aggregate can change because its classification or observed universe changes. That alone is not evidence of market buying.
The notebook / 01
Read the ownership label
Exchange balances may represent customers. Investment products may hold coins for investors. A corporate treasury, miner reserve and wrapped-asset backing each represent different relationships. Keep those sectors distinct before adding numbers.
A chain address does not by itself identify beneficial ownership. Attribution requires records, method and an uncertainty label. Reusing the same reserve in a token and custodian total can double-count the underlying LTC.
The notebook / 02
From discovery to a defensible snapshot
Start with the tracker’s definition and as-of time, then reconcile material rows against issuer filings or original disclosures. Retain historical snapshots so a changed row can be explained rather than interpreted as an unexplained flow.
