CryptoQuant User Guide
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  • CryptoQuant数据使用指南
  • 为何市场主体很重要?
  • 15大预置图表⭐
  • Quick Start
    • 巨鲸抛售
    • 矿工售币
    • 巨鲸囤币
    • 大额场外交易
    • 买卖压力
    • 市场趋势
    • 市场情绪
  • Market Indicators
    • MVRV比率
    • 预估杠杆率
    • 稳定币供给比率
  • Network Indicators
    • NVT比率
    • NVT黄金交叉
    • 普尔倍数
    • 存量产量比
    • 存量产量比的回归
    • NVM比率
  • Flow Indicators
    • 交易所巨鲸比率
    • 资金流动比率
    • 稳定币比率
    • 矿工持仓指数
  • Market Data
    • 未平仓量
    • 资金费率
    • 接受者买卖成交量/比率
    • 市值模型
  • Fund data
    • 灰度比特币信托(GBTC)
      • GBTC数字资产持仓
      • GBTC溢价或折扣
  • 灰度以太坊信托(ETHE)
    • ETHE数字资产持仓
    • ETHE溢价或折扣
  • Exchange Flows
    • 交易所储备
    • 交易所流入/流出与净流入
    • 交易所地址数量
    • 交易所交易笔数
  • Stablecoin Exchange Flows
    • 稳定币交易所储备
    • 稳定币交易所流入/流出与净流入
    • 稳定币交易所地址数量
    • 交易所稳定币交易笔数
  • Miner Flows
    • 矿工流出量
  • Inter Entity Flow
    • 交易所间转账总额
    • 矿工向交易所转账总额
  • stablecoin network data
    • Stablecoin Network Data
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On this page
  • Definition
  • Interpretation
  • Indicating Selling or Buying Pressure
  • Indicating the Level of Exchange Activity
  • Predicting Volatility
  • Use Case
  • Predicting Market Trend (Bullish or Bearish)
  • Predicting volatility with BTC In/Outflow Mean(MA7)
  • Link to Our Data

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  1. Exchange Flows

交易所流入/流出与净流入

交易所流入是指一定数额的加密货币存入交易所钱包的动作,而流出则是指一定数额的加密货币从交易所钱包提取的动作。

Definition

Exchange Inflow is defined as an amount of coin deposited into the exchange wallets.

Metrics

Description

Inflow Total

The total amount of BTC transferred to the exchange.

Inflow Mean

The mean amount of BTC per transaction sent to the exchange.

Inflow Top10

The total BTC amount of the top 10 transactions inflow to the exchange.

Inflow Mean(MA7)

The 7 days moving average of mean BTC inflow to the exchange.

Exchange Outflow is defined as an amount of coin withdrawal from the exchange wallets

Metrics

Description

Outflow Total

The total amount of BTC transferred from the exchange.

Outflow Mean

The mean amount of BTC per transaction sent from the exchange.

Outflow Top10

The total BTC amount of the top 10 transactions outflow from the exchange.

Outflow Mean(MA7)

The 7 days moving average of mean BTC outflow from the exchange.

Exchange Netflow is the difference between BTC flowing into and out of the exchange. (Inflow - Outflow = Netflow)

The mean value is the In/Outflow Total divided by the Transactions Count In/Outflow.

Interpretation

Indicating Selling or Buying Pressure

An increase of inflow to exchanges possibly means dumping from individual wallets (including whales), indicating selling pressure. On the other hand, an increase of outflow from exchanges possibly means an increase of HODL positions of traders in order to store coins in their own wallets, indicating buying pressure.

Indicating the Level of Exchange Activity

A positive trend of inflow or outflow to exchanges can indicate an increase in overall exchange activity, meaning more and more users actively use the exchange for trading. This possibly means that the sentiment of traders is in the bullish moment. According to this interpretation, the other way around means bearish sentiment.

Predicting Volatility

BTC In/Outflow Mean(MA7) explain the strength of previous volatility in price, which possibly means the current position might be local tops or bottoms. This is because the large portion of inflows is based on transactions among exchanges, where the analysis is done by the CryptoQuant research team, and this phenomenon can be explained by the results of arbitrage strategies.

Use Case

Predicting Market Trend (Bullish or Bearish)

As you can see below, both inflow and outflow trends roughly well-explain bullish or bearish sentiments for the past 3 years where a meaningful number of exchanges have been activated, which supports "Exchange Activity" interpretation.

Predicting volatility with BTC In/Outflow Mean(MA7)

By looking at BTC Inflow Mean(MA7)'s degree of where local tops are located, we can estimate how much the current location is a local top (in red circle) or bottom (in green circle). If your BTC Inflow Mean(MA7) value is in a similar position, you need to check other complementary indicators telling you selling or buying pressure to determine the current price position is in the local top or bottom.

By looking at BTC Outflow Mean(MA7)'s degree of where local tops are located, we can estimate how much the current location is a local top (in red circle) or bottom (in green circle). If your BTC Outflow Mean(MA7) value is in a similar position, you need to check other complementary indicators telling you selling or buying pressure to determine the current price position is in the local top or bottom.

Link to Our Data

Previous交易所储备Next交易所地址数量

Last updated 3 years ago

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Trading strategies based on this interpretation have to be responsive to signals since the execution in exchanges after the coin movements is relatively fast. That is why you need a block-level window provided in .

Based on the "Exchange Activity" interpretation, we can see the trend of inflow to all exchanges and outflow from all exchanges by applying a moving average to data, which is one of the well-known technical indicators for having data's historical trend. We also apply multiple moving averages to see exact inflection points, called .

CryptoQuant Data API
moving average ribbon
BTC: Exchange In/Outflow & Netflow in CryptoQuant Live Chart
ETH: Exchange In/Outflow & Netflow in CryptoQuant Live Chart
Altcoins: Exchange In/Outflow & Netflow in CryptoQuant Live Chart
BTC: Exchange In/Outflow & Netflow in CryptoQuant Data API docs