The Reshuffling Ratio quantifies the volume of internal (in-house) token transfers relative to an exchange’s total balance, averaged over a short rolling window. A higher Reshuffling Ratio suggests the exchange is actively reallocating its liquidity internally — a behavior that, if persistent, may warrant further investigation into the exchange's liquidity management practices. Conversely, a lower ratio indicates more stable internal flows, reflecting a healthier operational state.

This metric was introduced by CryptoVizArt. For further details, please refer to his introductory article.

This is the Point-in-Time (PiT) variant of Exchange Reshuffling Ratio. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.