Exchange Transfer Report: 12/17/2017 to 12/23/2017

in exchangereport •  2 years ago 


USD values are calculated per day via API feeds from Poloniex (for STEEM and SBD values in BTC) and Coindesk (for USD value of BTC). For the top 50 reports in USD terms, I take the average USD value for STEEM and SBD for the week using the daily average which came out to:

  • STEEM: $2.84352
  • SBD: $8.65544

Previous Report:

  • STEEM: $1.78770
  • SBD: $5.94550


Please see the first report for a detailed explanation of my personal assumptions related to what this data could mean (along with commentary on previous reports). What it does not show is people powering up, powering down, or if they are buying or selling on an exchange. It's just some interesting data dealing with transfers to and from exchange accounts.

Linked Accounts

hitbtc includes hitbtc-exchange and hitbtc-payout, includes freewallet, and openledger includes openledger-dex.

Previous Reports

71, 70, 69, 68, 67, 66, 65, 64, 63, 62, 61, 60, 59, 58, 57, 56, 55, 54, 53, 52, 51, 50, 49, 48, 47, 46, 45, 44, 43, 42, 41, 40, 39, 38, 37, 36, 35, 34, 33, 32, 31, 30, 29, 28, 27, 26, 25, 24, 23, 22, 21, 20, 19, 18, 17, 16, 15, 14, 13, 12, 11, 10, 9, 8, 7, 6, 5, 4, 3, 2, 1

Top 50 Accounts Transferring to and from Exchanges: 12/17/2017 to 12/23/2017

First included transfer: 2017-12-17T00:00:18+00:00
Last included transfer: 2017-12-23T23:59:39+00:00

----------------------------- Exchanges ------------------------------

@poloniex STEEM transfer total: -2,262,153.393
@poloniex SBD transfer total: -360,302.600
@bittrex STEEM transfer total: 1,385,615.845
@bittrex SBD transfer total: 719,569.694
@blocktrades STEEM transfer total: 160,256.999
@blocktrades SBD transfer total: -60,631.593
@openledger STEEM transfer total: -38,208.754
@openledger SBD transfer total: 1,153.691
@hitbtc STEEM transfer total: 4,610.192
@hitbtc SBD transfer total: 50.265
@changelly STEEM transfer total: 48,721.241
@changelly SBD transfer total: -3,638.169 STEEM transfer total: 8,618.838 SBD transfer total: 142.782 STEEM transfer total: 0.000 SBD transfer total: 0.000 STEEM transfer total: 23,687.216 SBD transfer total: 945.644
@rudex STEEM transfer total: -4,380.322
@rudex SBD transfer total: -374.896

------------------------- Total Transferred --------------------------

Total STEEM transferred: 673,232.138
Total SBD transferred: -296,914.818
Total USD transferred: ($   655,581.03)

------------ Total Transferred, Excluding Steemit Account ------------

Total STEEM transferred (excluding steemit): 673,222.148
Total SBD transferred (excluding steemit): -296,914.818
Total USD transferred (excluding steemit): ($   655,609.44)

-------------------- Withdrawal to Deposit Ratio ---------------------

Accounts withdrawing: 5960
Average withdrawal amount: ($     1,129.96)
Median withdrawal amount: ($        97.35)

Accounts depositing: 2348
Average deposit amount:  $     1,019.96 
Median deposit amount:  $       100.77 

Ratio of withdrawals to deposits: 2.54/1


AccountNet Transfer Amount
1alpha:($ 1,195,228.52)
2val-a:($ 328,329.17)
3tamim:($ 248,345.90)
4renohq:($ 210,440.64)
5teamsmooth:($ 199,046.07)
6amcq:($ 173,011.74)
7minority-report:($ 172,982.38)
8thisvsthis:($ 119,262.33)
9dan:($ 113,740.61)
10appreciator:($ 80,240.70)
11pentahedron:($ 75,318.92)
12arhag:($ 68,244.37)
13layz3r:($ 58,926.20)
14qualiaspace:($ 56,898.15)
15eeqj:($ 56,870.31)
16crypto420:($ 56,535.85)
17boosta:($ 55,264.84)
18themarkymark:($ 37,292.93)
19nitrah:($ 31,253.70)
20craig-grant:($ 30,983.36)
21someguy123:($ 30,847.34)
22furion:($ 29,223.59)
23chryspano:($ 28,818.90)
24novina:($ 28,435.15)
25fenryr32:($ 28,224.15)
26monsteroiids:($ 27,856.72)
27upmyvote:($ 25,860.39)
28transisto:($ 24,867.00)
29pfunk3:($ 23,885.53)
30jessewalden:($ 23,254.27)
31brew57:($ 21,687.88)
32greenman:($ 21,610.72)
33charbo:($ 21,210.15)
34steemstermon:($ 20,789.68)
35sean.noh:($ 20,701.83)
36wans:($ 19,822.43)
37rok-sivante:($ 18,859.25)
38chinadaily:($ 18,368.76)
39reggaemuffin:($ 17,629.79)
40cm-steem:($ 17,477.00)
41anwenbaumeister:($ 17,285.93)
42mr11acdee:($ 16,341.59)
43ghasemkiani:($ 15,601.40)
44nikez452:($ 15,566.39)
45velimir:($ 15,272.84)
46booster:($ 15,080.45)
47bayrene:($ 14,926.66)
48milutin2016:($ 14,808.53)
49monsternal:($ 13,179.69)
50meerkat:($ 13,145.57)


AccountNet Transfer Amount
1yoo1900:$ 853,338.86
2skan:$ 664,767.40
3mynameis:$ 414,028.05
4grumpycat:$ 284,351.50
5happychau123:$ 200,540.25
6swissclive:$ 145,092.86
7eeks:$ 131,093.90
8roterdam:$ 112,508.47
9flexthought:$ 109,242.63
10bluemist:$ 95,467.46
11andrewmcmullan:$ 84,015.80
12enki:$ 71,087.88
13minhmaile1710:$ 64,368.64
14iiuc3amkessq:$ 60,943.33
15mandl:$ 51,640.91
16motoengineer:$ 48,727.68
17nkkb:$ 47,762.83
18mafsteem:$ 47,007.59
19socky:$ 43,957.95
20davidding:$ 43,915.53
21gumbyminer:$ 43,342.39
22paco-steem:$ 42,918.05
23virus707:$ 42,392.92
24seunglimdaddy:$ 42,173.94
25wesleybos:$ 39,404.39
26cnts:$ 35,773.23
27tt-dogg:$ 35,729.31
28ssg:$ 34,273.06
29nikolai:$ 34,122.16
30royreale:$ 33,091.16
31noisy:$ 31,769.29
32agar:$ 30,901.64
33cryptolover2017:$ 30,546.52
34eunstar:$ 30,155.60
35imacryptorick:$ 30,140.49
36gregsampson:$ 29,222.99
37simonz:$ 29,175.46
38broncnutz:$ 28,812.13
39oth1:$ 26,407.61
40originate:$ 26,178.23
41ndnewell:$ 25,414.08
42askcoin:$ 25,401.46
43cryptonyan:$ 24,431.32
44calaber24p:$ 23,899.81
45signalandnoise:$ 22,748.12
46cloudbuster:$ 22,563.10
47inertia:$ 21,007.80
48jejujinfarm:$ 20,677.79
49kilroy.bukowski:$ 20,013.79
50abigail-dantes:$ 19,904.61

Withdrawal to Deposit Ratio by User Count over Time

click the image for an interactive graph


  • The withdrawal to deposit ratio is still dropping which means more accounts are depositing. I also noticed the average deposit amount almost matches the withdrawal amount, which is rare (only off by about 10%).

  • @yoo1900 tops the list with over $800k in deposit this week!

  • @alpha is leading the way once again with this week's withdrawals. That's a tricky account to make sense of because it's owned by @blocktrades which is also an exchange account (along with a personal account). I had a chance to chat with him briefly about some of the big transfers there, and he assured me there's no big conspiracy going on. Some are older manual delegations and some are OTC (over the counter) trades being facilitated. He doesn't comment on them much since they are mostly business trades and as a service provider, that wouldn't be proper. Even though toping the "withdrawal" list may look like a big cash out, he said he's very bullish on STEEM, and it's one of their biggest coins.

  • STEEM and SBD or finally getting some love in the markets! The price is rising against BTC for the first in a long time. Here's the 3 month price chart (the orange line is BTC price):

  • The powerdown graph was broken last week, so this week's percentages are a bit funky. Take it for what it's worth.

Luke Stokes is a father, husband, business owner, programmer, STEEM witness, and voluntaryist who wants to help create a world we all want to live in. Visit

I'm a Witness! Please vote for @lukestokes.mhth

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In the post you link you say:

There has been a lot of talk about Steemit being a scam or a ponzi scheme.

Just out of curiosity "where" do you see this? Since that article was written a while ago, has that changed from then till now? My assumption would be that it is seen less as a scam since the value is going up.
What, in your opinion, is the number one thing steemit needs to do to really "take off"? (I know that's a big question, but I'm just curious for a general answer)

Merry Christmas to you and your family :)

Not sure which post you're referring to, but maybe the original over a year and a half ago?

As to "where" I'd have to say "the internet." There are so many different communication platforms now, it's hard to keep track (bitcointalk, twitter, facebook, discord, telegram, slack, etc, etc).

What has changed? We're still here. That and the underlying blockchain and interfaces (steemit, busy, chainbb) have improved.

As to what it needs to take off? That's too big of a question to even give a general answer. Any answer given would be incomplete, misleading, and potentially invalid within a very short time. I've given answers in the steemit growth forum and on the panel discussion I was on recently. Maybe this post gives some of the answer.

Time and patience.

Totally missing those $15 SBD days

I'll take $8.00 SBD all day.

Can SBD still continue its' rise? Hoping so...

Right, everyday 😂😂😂

haha my man, me too. But 8 bucks is still better than 1, and maybe after new years it will shoot north again. Cross your fingers.

Hello @lukestokes

You represent eyes of many novices in steem/it ecosystem and what goes in there. This makes us to know the state of the platform healthwise at all times. This I appreciate in no small measure. Thanks

Upv by @eurogee, the Steemivangelist of @euronation team.

Hoping for a better year for the steem community!

thankyou @yoo1900 for deposits and all the depositor for adding value to steem...

Hey cherish your charming and proper Stuff that you at all times participate present.
I'm successive you ago set of days advocate and have confidence me I feel along with your stuff.
Your style conference propitious this one dreadful neighborhood shows your severely interest in it.
Pleople with bright outlook such as you are at all times capital for a industry and I'm successful that one I'm interested you present at steemit.
All the best and many many MARRY CHRISTMAS @lukestokes


Very useful info thanks

It is amazing

Hey hitbtc working?
I listened that they are running maintenance on exchange.

Not sure. If they say it's down, then it's probably down. It was up at least some part of this last week, which is why it shows values on this report.

They are hiding something I think!
Maintenance is just a joke 😥😥😥

I haven't been able to use HitBTC for Steem trades in at least 3 weeks.

Wow. Comparing the Top 10 deposits now to your report back in October. Amazing.

I would say that's a handsome increase !!

very helpful postings for me, thank you @lukestokes, have shared a very good post, a creative idea in issuing a very unique and useful post, I love it so much, it makes my mind deeper. allow me to share your post. please clarify my account once Mr @lukestokes., because I am newbie so I am more spirited, plis vote me, thank you. Regsrd know @hperlo

Great Post
Carry us useful and important topics and benefited you a lot
Your picture is very beautiful I wish you happiness

Hello dear, hope you are well and enjoyed Christmas with family and friends..
This is the really awesome post with the huge information you shared in this post. It's really impressed us. A ll of New Steemit user who would be more interest to be part of this journey. Anyhow thanks man for this super post.