[Global Liquidity Radar] Bitcoin Long-Term Outflows and Short-Term Inflows… US Trading Volume Surges
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In the Bitcoin market, short-term exchange inflows have been detected, but the long-term holding trend and concentration of trading during US time zones are intertwining, showing changes in liquidity structure.
According to CoinGlass as of the 19th, the total Bitcoin balance of major global exchanges was approximately 2,167,101 BTC.
Over the past day, 1,586 BTC was net inflow, while in the past week, 19,413 BTC and in the past month, 110,822 BTC were net outflow, maintaining the long-term holding trend.
Coinbase Pro holds the most Bitcoin at 670,173 BTC. While 170 BTC was net inflow in a day, weekly outflows were 17,032 BTC, and monthly outflows were 50,727.91 BTC, showing the largest outflow.
Binance holds 538,313 BTC, with 1,084 BTC net inflow in a day. On a weekly basis, -2,234.94 BTC and monthly basis, -47,011.73 BTC, maintaining the medium to long-term outflow trend.
Bitfinex has 399,832 BTC, with 394 BTC net outflow in a day. However, in the past week, 994.67 BTC and in the past month, 1,506.05 BTC were net inflow, showing some opposite trend.
Daily maximum net inflow: ▲Binance (+1,084 BTC) ▲Bybit (+791 BTC) ▲OKX (+269 BTC)
Daily maximum net outflow: ▲Bitfinex (-394 BTC) ▲Gate.io (-193 BTC) ▲Gemini (-84 BTC)
According to CoinGlass, on the 17th, Binance BTCUSDT trading volume was $219.5 million in the Asian time zone, $211.48 million in the European time zone, and $135.2 million in the US time zone.
The next day, trading volume increased significantly in all regions, with Asia at $602.57 million, Europe at $1.11 billion, and the US at $1.76 billion.
The total trading volume expanded more than 4 times in two days, and particularly, US time zone trading showed a sharp increase of over 13 times compared to the previous day, making the shift of short-term liquidity center to North America more evident.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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