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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
Huge OTC deal
OTC(Over-the-counter) deal is another way of whale accumulation
BTC: Fund Flow Ratio & Tokens Transferred
Tokens Transferred refers to the total amount of Bitcoin that has moved on the network. Fund Flow Ratio is the amount of Bitcoin used for deposits/withdrawals on the exchange divided by tokens transferred.
If the Tokens Transferred is high, and the Fund Flow Ratio is low, it might indicate OTC transactions are active. For example, when the Bitcoin price was ranging $10k in 2020, 4 million Bitcoin ($40B) moved on the network, where only 3% of the transactions took place on the exchange, and 97% of the transactions took place outside the exchanges. After that, many institutions announced that they had purchased Bitcoin, including Microstrategy, Ruffer, One River, etc.
Last modified 5mo ago
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