On-chain transaction linkage market rose by 46%. The number of large transfers or the leading indicator?

In the past week (01.27-02.02), the overall price of bitcoin has been on the rise, and the on-chain transfers have been frequent. From the data on the main chain, various data have increased significantly compared to the previous week (01.20-01.26) .

Transaction amount:

01.20-01.26: 5179710.7 BTC

01.27-02.02: 7595891.07BTC

Increase from the previous week: 46.56%

The detailed data chart is as follows:

Actual transaction amount:

01.20-01.26: 3611862.79 BTC

01.27-02.02: 4455463.67 BTC

Increase from the previous week: 25.07%

The detailed data chart is as follows:

 

From the comparison of the transaction volume, actual transaction volume, and BTC price in the past two weeks, the relevant linkage can be seen intuitively

 

Number of transactions:

01.20-01.26: 2142189

01.27-02.02: 2212436

Increase from the previous week: 3.28%

The detailed data chart is as follows:

 

Number of active addresses:

(The address that initiated the transaction is considered the active address)

01.20-01.26: 3359919

01.27-02.02: 3504651

Increase from the previous week: 4.31%

The detailed data chart is as follows:

Large transfers:

(Single transaction initiated amount greater than 100BTC is considered a large amount transfer)

01.20-01.26: 7565

01.27-02.02: 9324

Increase from the previous week: 23.25%

The detailed data chart is as follows:

From the comparison of the number of transactions above 100 BTC and the price of Bitcoin in the past two weeks, the number of large transfers has a certain advance response.

 

Binance exchange BTC flow data

 

Inflow:

01.20-01.26: 32416.06

01.27-02.02: 41296.01

Increase from the previous week: 27.39%

The detailed data chart is as follows:

Outflow:
01.20-01.26: 36383.52

01.27-02.02: 41040.07

Increase from the previous week: 12.80%

The detailed data chart is as follows:

 

Net inflow:

01.20-01.26: -3967.74

01.27-02.02: 225.94

Increase from the previous week: 106.45%

The detailed data chart is as follows: