Bitcoin price rushes 10,000, why is the peak of the on-chain data week two days ahead?

In the past week (02.03-02.09), Bitcoin opened a wave of market and broke through the $ 10,000 mark again, but from the data on the main chain, the data did not significantly differ from the previous week (01.27-02.02) increase. However, in terms of head exchanges such as Binance, the relevant data has improved significantly last week, and it has recorded the largest weekly net inflow of bitcoin in recent weeks.

Transaction amount:

01.27-02.02: 7595891.07BTC

02.03-02.09: 8046678.98BTC

Increase from the previous week: 5.93%

The detailed data chart is as follows:

Actual transaction amount:

01.27-02.02: 4455463.67 BTC

02.03-02.09: 4853020.84 BTC

Increase from the previous week: 6.76%

The detailed data chart is as follows:

Number of transactions:

01.27-02.02: 2212436

02.03-02.09: 2294637

Increase from the previous week: 3.72%

The detailed data chart is as follows:

Number of active addresses:

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

01.27-02.02: 3504651

02.03-02.09: 3640989

Increase from the previous week: 3.89%

The detailed data chart is as follows:

Large transfers:

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

01.27-02.02: 9324

02.03-02.09: 9030

Decrease from the previous week: 3.15%

The detailed data chart is as follows:

Binance exchange BTC flow data

Inflow:

01.27-02.02: 41296.01

02.03-02.09: 56278.40

Increase from the previous week: 36.28%

The detailed data chart is as follows:

Outflow:

01.27-02.02: 41040.07

02.03-02.09: 50957.50

Increase from the previous week: 24.17%

The detailed data chart is as follows:

Net inflow:

01.27-02.02: 225.94

02.03-02.09: 5422.90

Increase from the previous week: 2018.04%

The detailed data chart is as follows:

It can be found that no matter from the data on the overall chain or the data of Binance Exchange, the high point of this week is not in the period of Bitcoin's rush, but on Thursday and Friday, whether the relevant data is related. Market players need to further interpret and analyze.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

UK Finance Minister: FCA has the final decision on whether to implement the ban on crypto derivatives

According to Cointelegraph's October 22 report, the UK government recently stressed that it is up to the regulat...

Blockchain

IEO re-burns the ring of rich dreams, how long can the dozens of income myths go?

There is no doubt that IEO is the hottest word in the currency. Since January 3 this year, the company announced the ...

Opinion

SBF Trial Records Fully Exposed Blame-shifting, Amnesia, Contradictions

Today is the real highlight, as the prosecution lawyer will conduct a half-day long cross-examination of SBF after th...

Blockchain

Comment: The exchange is open finance

Foreword: In the current encryption world, exchanges are the biggest catchers of value. Because of the user's de...

Blockchain

Million-Dollar Shuffle FTX Cold Wallets Sneak $19M in Solana and Ether to Crypto Exchanges

FTX debtor group responsible for asset management has recently conducted multiple on-chain transactions.

Blockchain

When the PoS gold rush era is opened, who will become the next bit continent?

background The first generation of cryptocurrency bitcoin, which brought the necessary changes to our world, and the ...