Is a interesting chart...
Last 7 days BTC netflows across 11 exchanges. Data by
@thetokenanalyst
(I've used our enterprise websocket feed to generate this chart) #btc #onchain
Source:
https://twitter.com/madewithtea/status/1203255944009961473Average monthly spreads, expressed as a percentage of the price, range from 0.045 percent on Coinbase in March, to 0.304 percent on itBit in July. For comparison, bid-ask spreads on Vanguard ETF products right now range from 0.01 percent to 0.09 percent.
Exchanges' activities on the bitcoin network tend to follow predictable patterns, indicating net inflows. However, large balances often move in unpredictable ways and it can be difficult to distinguish the flow of capital from a change in custodial practice
Source:
https://www.coindesk.com/bitcoin-volatility-is-up-liquidity-stagnant?utm_source=dlvr.it&utm_medium=twitterOnce again good work, LUCKMCFLY, even if I think 2 of 3 graphs need more analysis.
Please tell me what should I read in the first chart: I see an horizontal line of dots without any meaning, to me at least. Also: what is an inflow? Fiat inflow? Or everything inflow? In any case: how do you measure it? If I weren’t a polite person I would say that graph is garbage.
Second chart is very interesting: 10 BTC is quite an institutional size, I see many guys willing to trade 10 BTC at once. I am quite surprised seeing Coinbase topped ho that list. Also surprises me seeing Gemini so in the back seats.
Third graph, again it would be interesting, but we know too little about storage management from exchanges to infer really useful informations.
Hi fillipone, thank you very much and of course I published that 1st chart because I associated it directly to the data offered by
tensorcharts.com:
In the yellow box that I remarked belongs to the volume zone, each ball represents data of purchases and sales, where it is an indication of the number of operations by volume, when the translation is made in the volume it seems as if it were linear, and that's why it looks horizontal and they did it for several Exchanges, it's like a compendium of the same, I found it interesting to show it.
The second and third chart I show because I want to emphasize something interesting, they only limited to show the 10BTC trade, and they do it to inform according to:
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.htmlWhere they wanted to capture this information through the graph, and as you say we know very little about the storage management of exchanges to infer very useful information.
And according to this I think 2 things that have helped me a lot:
1.- As there is no consolidated Volume for the Bitcoin market, these statistics are not completely reliable, but it brings me closer or gives an idea of what may be happening over the years.
2.- I have learned that when in the part of (100-1000) BTC when it reaches 75-80% it gives me confirmation that the bullish trend phase began.( It is currently at 61.87%, according to the table.)
Of course, it is my way of seeing and taking advantage of these graphs and it helps me to identify the phases of the market well, starting from this premise because that is when the offer ends, representing 75-80% of accumulated bitcoins and is ready to raise price.
Note: I think that there is still no consolidated volume where I take into account all the existing volumes in all Exchanges, because they do not take into account the volumes of Korean Exchanges, some of localbitcoins and that information is very important, however I consider that many Strong Hands do they have this tool through development that some programmers have implemented and they pay for them, only for their exclusive use.
And tensorcharts.com is one of the tools that I have achieved very useful because the green and red volume part represents: green = purchases, red = sales, has a very real order book, and the version that is through payment offers a profile volume well adapted to reality.
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