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Glassnode

Description

Transaction Count Compasion for Exchanges


The Transaction Count Comparison for Exchanges compares the count of two foundational exchange functions, Exchanges Deposits and Exchange Withdrawals.

Both deposits and withdrawal counts trend alongside price, peaking around bull market tops, when the inflow of speculative demand is highest. Withdrawals 🟢 are often fewer in number relative to deposits 🔴. This is due to exchanges processing multiple customer withdrawals in a single transaction, where as deposits are processed on an individual basis.

Chart Details