BTC flow in/out of Exchanges

[ball_is_life]

I recently dug deep on the Bitcoin code, scraped hundreds of Gigabytes of trade data from various exchanges, combined with the entire data of the Bitcoin blockchain!

One example of the BTC flow is here: www.btcdailyreport.com

I found the data to be pretty interesting. Last couple months the ups and downs of Bitcoin can trace back to the flow of funds in and out of the exchanges.

If find this useful, feel free to go to www.btcdailyreport.com to subscribe.

AMA if this is interesting to you.

[1715278981]

1715278981

[1715278981]

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[pooya87]

if you want to advertise your website then do it correctly! go to Service Announcements board here and introduce your "service"!

as for the site itself, there is no way you can easily analyze the blockchain and transactions and tell with certainty that the coins are going to or coming from an exchange. and it has nothing to do with "bitcoin code" which you said in the first line!
not to mention that the transactions work in the exact opposite way that you explained. meaning ups and downs are not traced back to flow of funds. the flow of funds is traced back to ups and downs! in other words  when price goes up and down that creates the higher transaction volume not the other way around.

[Twentyonepaylots]

if you want to advertise your website then do it correctly! go to Service Announcements board here and introduce your "service"!

as for the site itself, there is no way you can easily analyze the blockchain and transactions and tell with certainty that the coins are going to or coming from an exchange. and it has nothing to do with "bitcoin code" which you said in the first line!
not to mention that the transactions work in the exact opposite way that you explained. meaning ups and downs are not traced back to flow of funds. the flow of funds is traced back to ups and downs! in other words  when price goes up and down that creates the higher transaction volume not the other way around.

  Market is Volatile, it is unpredictable, no one can predict on what to become of one coins, you maybe have such a good information from the topic you've just stated on this site but it doesn't necessary mean that you are right. there are a lot of factors that indicate on the ups and down of the Bitcoin price value, the volume of investment, market status and a lot more.

[tegarp90]

I recently dug deep on the Bitcoin code, scraped hundreds of Gigabytes of trade data from various exchanges, combined with the entire data of the Bitcoin blockchain!

One example of the BTC flow is here: www.btcdailyreport.com

I found the data to be pretty interesting. Last couple months the ups and downs of Bitcoin can trace back to the flow of funds in and out of the exchanges.

If find this useful, feel free to go to www.btcdailyreport.com to subscribe.

AMA if this is interesting to you.

This is quite good idea for making this site.
But i wonder why there's no infromation on the site and we have to subscribe ? Hmm

[ball_is_life]

if you want to advertise your website then do it correctly! go to Service Announcements board here and introduce your "service"!

as for the site itself, there is no way you can easily analyze the blockchain and transactions and tell with certainty that the coins are going to or coming from an exchange. and it has nothing to do with "bitcoin code" which you said in the first line!
not to mention that the transactions work in the exact opposite way that you explained. meaning ups and downs are not traced back to flow of funds. the flow of funds is traced back to ups and downs! in other words  when price goes up and down that creates the higher transaction volume not the other way around.

Hi there!

We're a team of senior engineers. We're consistently monitoring the whole bitcoin network with an active node, probably around 1 Terabyte of data so far.

We can for sure identify some big exchanges from analyzing all transactions and track big deposit/withdraw about these exchanges.

As you mentioned, bitcoin price contributes to a lot of factors. Big fund movement is definitely one of them. For example, when say 10k btc flows to an exchange, it creates sell pressure. It might be something important to know.

[SUDARMONO]

it's very good and I think it will help in bitcoin trading, and we can predict prices that can be sure, and can get a big profit.

[franky1]

you could easily put a marker/tag against the utxo's that exit an exchange to show the days average price.
over time as things move around you can update them tags. and see more coins with more tags as your data grows over days, months

and then know how much is peoples bottomline / break even. to know what the communities attitude is to a certain price based on % of the communities bottomline, that way by marking each utxo to have a 'price' you know what it is not going to sell for as that would be stupid and a loss.

i done something similar but simpler based purely on the UTXO set that moved in the last 11 months (while prices were above $5,800 bottomlines) and seen over 65% of UTXO's got spent within 11 month. even though my data did not involve coins that entered /exited an exchange. but by purely changing hands people normally (psychologically) self value their coins at the value they change addresses

but having a better metric of marking the coins with a price they exit exchanges at. gives a more precise depth to what 'value' people put as their bottomline refuse to sell below price as they have preferred to exit an exchange instead of keep it in to sell it

[pooya87]

~
As you mentioned, bitcoin price contributes to a lot of factors. Big fund movement is definitely one of them. For example, when say 10k btc flows to an exchange, it creates sell pressure. It might be something important to know.

even if you find a way to be 100% sure that a transaction was in fact to an exchange and was in that size you still don't have any way of knowing whether that amount of bitcoin was actually sold. the person might have moved that much to an exchange to place a sell wall to keep the price at the level he desires. it won't crash the market.

by the way nobody ever moves 10kBTC or $65 million dollars to an exchange. if you were actually a "team of senior engineers analyzing the blockchain" you would have already known this. that kind of transfer will bring up enough red flags that they may even raid you in matter of minutes. not to mention that even if you do sell that much you will never be able to cash out that much money. people are encountering problems for withdrawing fiat at much much less amount than that when it comes to banks. $65 mil will make it impossible.

[ball_is_life]

you could easily put a marker/tag against the utxo's that exit an exchange to show the days average price.
over time as things move around you can update them tags. and see more coins with more tags as your data grows over days, months

and then know how much is peoples bottomline / break even. to know what the communities attitude is to a certain price based on % of the communities bottomline, that way by marking each utxo to have a 'price' you know what it is not going to sell for as that would be stupid and a loss.

i done something similar but simpler based purely on the UTXO set that moved in the last 11 months (while prices were above $5,800 bottomlines) and seen over 65% of UTXO's got spent within 11 month. even though my data did not involve coins that entered /exited an exchange. but by purely changing hands people normally (psychologically) self value their coins at the value they change addresses

but having a better metric of marking the coins with a price they exit exchanges at. gives a more precise depth to what 'value' people put as their bottomline refuse to sell below price as they have preferred to exit an exchange instead of keep it in to sell it

This is smart. It sounds legit to assume that people usually deny loss and hold tokens instead. it also explains why the transaction volume in exchanges shrinks that much compared to the beginning of the year.

We can add this price tag to each transaction, in addition to the exchange tag for the address. Seems at that time we could identify some good traders.