Crypto transactions on public blockchains can usually be inspected and may be followed or associated using transaction graphs, account histories, contract events, timing, amounts, and attributed addresses.
Facts versus attribution
A ledger can prove that a transaction occurred without proving who controlled every address. Identity claims often require labels, service records, public disclosures, or other evidence beyond the chain.
Different tracking models
Bitcoin connects spent and created UTXOs. Ethereum and similar chains accumulate activity under accounts and contract logs. Solana exposes signatures, instructions, and account changes. Cross-chain analysis compares records across models.
Why route complexity is not invisibility
Aggregators, bridges, and multiple contracts can make a path harder to summarize, but the endpoints and many intermediate interactions remain available. Missing explorer labels do not remove raw data.
What is deterministic
A Bitcoin input explicitly references the earlier output it spends. An Ethereum transaction explicitly identifies its sender, target, nonce, value, and input data. Those recorded edges differ from an analyst’s estimate that two otherwise separate addresses share an owner.
What raises or lowers confidence
An explicit bridge message, repeated deposit address, or later consolidation can strengthen a connection. Timing or a round amount alone is weaker because unrelated users may transact similarly. A sound conclusion states the observation, competing explanations, and confidence instead of collapsing them into “tracked” or “untracked.”
A precise privacy claim
Sasquatch describes Private Route as reducing an obvious direct wallet association where offered. It does not claim that public transactions or every analytic signal disappear.
How to read the evidence
Tracing conclusions should identify their evidence and confidence. An explicit spend, transfer, event, or message is stronger than a match based only on time or amount. Address attribution is another step beyond proving a transaction relationship. When several weaker signals agree, an association can become persuasive without becoming mathematically certain. This distinction prevents both exaggerated privacy promises and exaggerated claims about what a public ledger alone proves.