Bitcoin Weekly | Coin price plummets, Binance welcomes net Bitcoin inflows for six consecutive days

From the data of the past week (02.24-03.01), with the downward adjustment of the price of bitcoin, the transaction data on the chain has decreased significantly compared with the previous week (02.17-02.23), but Binance has "reaped" and became The winner of a volatile market.

Transaction amount:

02.17-02.23: 6872261.76 BTC

02.24-03.01: 5798172.66 BTC

Decrease from the previous week: 15.63%

The detailed data chart is as follows:

Actual transaction amount:

02.17-02.23: 4409147.11 BTC

02.24-03.01: 4178878.83 BTC

Decrease from the previous week: 6.59%

The detailed data chart is as follows:

Number of transactions:

02.17-02.23: 2253132

02.24-03.01: 2312514

Increase from the previous week: 2.64%

The detailed data chart is as follows:

 

Number of active addresses:

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

02.17-02.23: 3364839

02.24-03.01: 3448795

Increase from the previous week: 2.50%

The detailed data chart is as follows:

Large transfers:

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

02.17-02.23: 9283

02.24-03.01: 7474

Decrease from the previous week: 19.49%

The detailed data chart is as follows:

 

Binance exchange BTC flow data

 

Inflow:

02.17-02.23: 51176.28

02.24-03.01: 57058.55

Increase from the previous week: 11.49%

The detailed data chart is as follows:

Outflow:

02.17-02.23: 56686.71

02.24-03.01: 49246.62

Decrease from the previous week: 13.12%

The detailed data chart is as follows:

 

 

Net inflow:

02.17-02.23: -5510.43

02.24-03.01: 7811.93

Increase from the previous week: 241.77%

The detailed data chart is as follows:

Earlier, we introduced that when the price of Bitcoin suddenly drops, head exchanges such as Binance tend to attract more Bitcoin inflows. After all, in this case, transaction demand increases, and exchanges, especially head The ministry exchange is the most liquid trading place. Therefore, when the price of bitcoin plummeted, Binance also bid farewell to the influence of previous rumors. There were rare net inflows this year that were positive for six consecutive days, and the cumulative net inflow of bitcoin also reached more than 7,800.