[Global Liquidity Radar] US Time Zone Trading Surges… Bithumb Daily Net Outflows

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 20th, the total Bitcoin balance of major global exchanges is approximately 2,158,392.67 BTC. Over the past 24 hours, 3,436.58 BTC was net outflowed, and in the recent week, 15,900.56 BTC, and in the past month, 117,939.7 BTC was net outflowed, maintaining the long-term holding trend. Coinbase Pro holds the most Bitcoin at 669,796.25 BTC. While 326.3 BTC was net inflowed in the past 24 hours, weekly and monthly figures show 8,483.41 BTC and 51,312.04 BTC outflowed, respectively, still showing the largest outflow. Binance holds 535,250.33 BTC, with 193.93 BTC net outflowed in the past 24 hours. Weekly and monthly figures show 2,141.43 BTC and 49,384.47 BTC outflowed, continuing the medium to long-term outflow trend. Bitfinex holds 399,316.60 BTC, with 206.81 BTC net outflowed in the past 24 hours. However, the recent week saw 501.24 BTC outflowed, while the past month saw 2,034.96 BTC net inflowed, capturing some reverse flow. **Largest Daily Net Inflows** ▲OKX(+420.96 BTC) ▲Coinbase Pro(+326.3 BTC) ▲Gemini(+54.99 BTC) **Largest Daily Net Outflows** ▲Bithumb(–2,878.13 BTC) ▲Kraken(–761.41 BTC) ▲Bitfinex(–206.81 BTC) According to CryptoQuant, the IFP (Inter-exchange Flow Pulse) indicator as of the 20th is 702,658 BTC, slightly increased from the previous day's 701,231 BTC. Although Bitcoin has entered the $100,000 range, the IFP remains below the 90-day average of 734,785 BTC. The IFP indirectly shows investment sentiment through inter-exchange movement, tending to correlate with a bullish market when above average. However, recent figures are still below the average, with assessments that it's too early to say buying sentiment has fully spread. According to CoinGlass, Binance BTCUSDT trading volume on the 19th was $1.06 billion in the Asian time zone, $1.66 billion in the European time zone, and $404.61 million in the US time zone. On the 20th, it was $973.57 million in Asia, $872.43 million in Europe, and $724.97 million in the US. While total trading volume did not expand for two consecutive days, US time zone trading nearly doubled compared to the previous day, making the shift of short-term liquidity center to North America more apparent.