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Intro to On-Chain
Background Knowledge
Exchange Flows/Indicators
Miner Flows/Indicators
UTXO Data/Indicators
Market Data/Indicators
Network Indicators
Stablecoin Exchange Flows/Indicators
Fund data & Premium
Miner to Exchange
The total amount of coins transferred from mining pool to exchange wallets.
Definition
The total amount of coins transferred from the mining pool to exchange wallets.
Metrics
Description
Flow Total
The total amount of BTC transferred from a mining pool to exchange wallets.
Flow Mean
The mean amount of BTC transferred from a mining pool to exchange wallets.
Transactions Count Flow
The number of transactions from a mining pool to exchange wallets.
The mean value is the Flow Total divided by the Transactions Count Flow. Data entries were collected from the first transaction between two entities.
Interpretation
Identify if mining pool affiliated miners are preparing to sell coins.
Unlike Miner Outflow, it only tracks the movement between Miner and Exchanges.
By value itself
- High : A lot of miners' coins are exposed to selling - Bearish
- Low : only a few of miners' coins are exposed to selling - Bullish
By examining trend
- Increasing : Miners' selling power is increasing - Bearish
- Decreasing : Miners' selling power is decreasing - Bullish
About Miners' Outflow to the exchange
Moving to the exchanges for possible selling - Bearish
Moving their coins to the exchanges includes the purposes of selling to cover the cost or to prepare for possible sell. Miner's selling actions include the immediate need to cover the cost or to gain excess gains by selling at the price they consider to be over-valued. Both cases are correlated to sell action which naturally lead to interpret this reason to the price drop which indicates a bearish sign.