This metrics tracks the cumulative and daily inflow of coins from Short-Term Holder addresses to Exchanges. We can also display the volume of daily exchange inflows by STH as a proportion of their aggregate balance.

• 🔵 The percentage of aggregate STH Supply sent into exchanges each day.

• 🔴 Periods where more than 1.0% of STH Supply are sent into exchanges on a single day. Such events generally occur around major market volatility, such as capitulation events, euphoric rallies, and market regime shifts points.

Transparency Notice regarding Exchange Metrics

Disclaimer: Exchange balances presented are derived from Glassnode’s comprehensive database of address labels, which are amassed through both officially published exchange information and proprietary clustering algorithms. While we strive to ensure the utmost accuracy in representing exchange balances, it is important to note that these figures might not always encapsulate the entirety of an exchange’s reserves, particularly when exchanges refrain from disclosing their official addresses. We urge users to exercise caution and discretion when utilizing these metrics. Glassnode shall not be held responsible for any discrepancies or potential inaccuracies.

Please read our Transparency Notice when using exchange data