Is Bitcoin entirely anonymous? It’s common for people to say that in reality bitcoin is absolutely anonymous but are not knowledgeable enough to know that is pseudonymous . Bitcoin being pseudonymous rather than the assumed anonymous gives us an understanding that each user has a established public address. So that further tells us theoretically bitcoin address can be traced back using an IP address or an exchange account.
We should be more concerned about to what level or extent is bitcoin anonymous ?
In fact, Bitcoin can be said to be not completely anonymous, because I think there is a chance to track different AP addresses and their owners if you make different transactions between your wallets and different exchanges. Since most exchanges have a KYC, if you deposit from your wallet and then withdraw funds from the exchange, the anonymous wallet can be linked to you.