The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.
Total bitcoin on exchanges has hit another three-year low today, with 2,408,237 BTC across all reported exchanges.
Total bitcoin balance on cryptocurrency exchanges peak versus now.
When looking at the net daily transfer volume on exchanges with a 30-day moving average applied, it can be seen how different this recent sell-off and subsequent derivatives market liquidation was compared to the one seen in April/May.
During the May sell-off, 5,149 BTC were deposited per day on average during the peak of the sell-off. Comparatively, today 1,178 BTC have been withdrawn from exchanges per day on average over the last month.
Net transfer volume of bitcoin from and to cryptocurrency exchanges.
We can also take the 30-day moving average of exchange netflow and adjust it by adjusted supply (circulating supply adjusting for lost coins).
The green and red arbitrary thresholds are times when 0.7% of bitcoin’s adjusted supply were withdrawn or deposited on exchanges respectively.
Bitcoin on exchanges, percentage of netflow/adjusted supply.
Credit: Source link
Bitcoin 
Ethereum 
Tether 
Solana 
BNB 
XRP 
Dogecoin 
Cardano 
USDC 
Lido Staked Ether 
TRON 
Avalanche 
Stellar 
Toncoin 
Shiba Inu 
Wrapped stETH 
Wrapped Bitcoin 
Polkadot 
Chainlink 
Bitcoin Cash 
Sui 
WETH 
Pepe 
LEO Token 
NEAR Protocol 
Litecoin 
Aptos 
Uniswap 
Wrapped eETH 
Hedera 
Internet Computer 
Cronos 
USDS 
POL (ex-MATIC) 
Ethereum Classic 
Render 
Bittensor 
Kaspa 
Artificial Superintelligence Alliance 
Ethena USDe 
Bonk 
Arbitrum 
Cosmos Hub 
WhiteBIT Coin 
VeChain 
Filecoin 
Dai 
dogwifhat 
MANTRA 
Stacks 