Explore and Analyze Bitcoin Data with SXT

In this blog, we’ll explore how to leverage Space and Time’s data indexing to efficiently analyze and explore Bitcoin data. We’ll dive into the SXT Studio, which simplifies the process of accessing historical Bitcoin data, tracking wallet addresses, and monitoring transactions. Whether you're a Satoshi fan or a crypto enthusiast, this guide will help you get up to speed with using SXT to fully unlock and analyze the potential of Bitcoin data.

Understanding The Bitcoin Network

Bitcoin network is a decentralized system that allows users to send and receive Bitcoin transactions without relying on intermediaries like banks. It operates through a peer-to-peer network of computers that validate and record transactions on the Bitcoin blockchain, ensuring security and transparency.

Space and Time maintains a complete, up-to-date copy of the Bitcoin blockchain, starting its indexing from the genesis block (the very first block of the blockchain) and ensuring that this extensive dataset remains fully accessible in a queryable format. This ensures that all Bitcoin data is readily available for analysis

Let's explore the process of analyzing Bitcoin data using Space and Time, including detailed steps on how to access historical Bitcoin data, effectively track specific Bitcoin wallet addresses, actively monitor Bitcoin transactions in real-time, and closely follow the significant movements and trends of Bitcoin whales across the blockchain network.

Analyze and Scan Bitcoin Data

Visualize Bitcoin Data

It is extremely easy to get a visual representation of Bitcoin data and transactions using the SXT Studio. Just follow the simple steps below:

1. Click on the "Datasets" option in the main menu
2. Click on "Bitcoin" data

Explore and Scan Bitcoin Data using Queries

You don’t need to be a developer or have advanced technical skills to explore Bitcoin data using SXT Studio. Space and Time organizes Bitcoin blockchain data into a structured, SQL-compatible format, and its AI-powered natural language interface makes it easy for anyone to ask questions and run queries without needing to write code.

This removes the initial barrier for anyone unaware of SQL but wants to learn about Bitcoin data. In SXT Studio, you can ask questions in plain English. The platform turns them into SQL, runs the query, and shows the results. Whether you want to find the largest Bitcoin wallets, monitor transaction volume over time, or analyze network activity, Space and Time allows you to ask meaningful questions and get immediate, actionable insights from Bitcoin data. Let’s see this in action by taking the example of tracking whales and analyzing bitcoin history.

Identifying Bitcoin Whales

In simple terms, a Bitcoin whale is an individual or entity that owns a large amount of Bitcoin, enough to potentially influence market prices with their transactions. At the time of writing, Bitcoin is trading at approximately $105k. Discovering the top 10 largest wallets holding BTC is extremely simple:

1. Log into the Studio
2. Navigate to the "Query Editor" button under the "Queries" tab in the main menu.
3. Type “Top 10 wallets holding the most bitcoin” and hit “Run Prompt”

And just like that you’ll have an up-to-date list of bitcoin whales. Also, the number’s not limited to 10, you can go beyond if you want.

Analyzing Bitcoin History

Whether you're working on a research project, searching for specific Bitcoin data, or simply curious about its historical trends, SXT Studio makes the process simple and accessible. You can explore detailed insights without needing advanced technical skills. Suppose you’re curious about the very first 10 transactions on the Bitcoin network, here’s how you can find them:

1. Log into the Studio
2. Navigate to the "Query Editor" button under the "Queries" tab in the main menu.
3. Type “Show me the first 10 transactions on bitcoin” and hit “Run Prompt”

In SXT Studio, you can get a clearer view of this data using the Query Visualization feature. This lets you turn raw query results into visual charts, making it easier to spot trends, patterns, and key insights. You can take it further by building a dashboard. This brings multiple charts together in one place, helping you track Bitcoin activity and analyze data more effectively.

Here’s how to generate a dashboard:

1. Switch to “Query Visualization” tab from the bottom
2. Click on “Save Chart”
3. You can repeat this step with the charts you want to use to create a dashboard

For example, we’re creating a dashboard with two of our previous queries

4. Navigate to the "New Dashboard" button under the "Dashboards" tab in the main menu
5. Customize the layout and add your saved visualizations
6. Click on “Save” on the top right

Build Your Own Custom Bitcoin Explorer with SXT

A Bitcoin explorer allows users to access and interact with data from the Bitcoin blockchain, such as transactions, blocks, and wallet addresses. It offers an easy-to-use interface for monitoring real-time activity, tracing transaction history, and diving into historical records. Popular examples include Blockchain.com and Blockstream.info. Space and Time makes it simple to create your own custom Bitcoin explorer. You can query the latest transactions, visualize the results, and organize them into a personalized dashboard.

Now here’s where you’ll see the magic of data stored in a queryable format. Let’s take the example that we took previously of the Bitcoin Whales. Suppose you want to look further into one of the wallets’ recent activities. For this you just need visit SXT Studio, then queries and type

show me all the transactions of the bitcoin wallet over the past [time duration] [wallet address]

To tie everything together, you can add this new data and charts to the same dashboard we built earlier. This way, you’ll have all your insights in one place, making it easier to review, compare, and explore everything without jumping between different sections.

Start querying Bitcoin data for free

Exploring Bitcoin no longer requires complex setup or advanced skills. SXT Studio brings together natural language queries, SQL compatibility, and data-rich visualizations to simplify how users interact with blockchain data.

Users can scan wallet activity, analyze transaction history, and build dashboards with just a few steps. By removing traditional barriers, Space and Time unlocks a more intuitive and efficient way to work with Bitcoin data.