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:

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

"New and old" exchanges compete on the same stage, how can you play in the future? | Interview with SheKnows

Exchanges are an important part of the blockchain ecosystem. They interact directly with users and therefore change a...

Blockchain

Data tells you how the DEX ecosystem evolved in 2019

Decentralized exchanges (DEX) emerged in 2018 and have flourished in the past year. With DeFi disrupting the economic...

Blockchain

South Korea officially legalizes cryptocurrency transactions, Bitcoin stands at $ 9,000

The entire session of the National Assembly of South Korea passed an amendment to the "Reporting and Utilization...

Blockchain

BiClub realizes full automation of OTC platform and helps build a large-scale digital asset financial service system

In the early hours of Beijing time yesterday, BiClub ( www.biclub.io , WeChat biclubcom) team has completed a key ste...

Blockchain

FTX owns 38 properties in the Bahamas worth over 200 million US dollars.

The company stated that prior to filing for bankruptcy last year, it had paid out billions of dollars to executives, ...

Blockchain

Bybit Airdrop Gifts are available for a limited time! Teach you how to receive 1632 USDT in 10 minutes!

Bybit, this is a professional derivatives exchange with nearly 70% overseas users, with a daily trading volume of mor...