Exchange Transfer Report: 5/7/2017 to 5/13/2017

in exchangereport •  2 years ago 

exchange_transfer_report9fade.png

Welcome to the #ExchangeReport!

SECOND LOWEST USER DEPOSIT RATIO SINCE LAST AUGUST AT 3.32 to 1! This is a big deal and fits a pet theory I've had for the last 9+ months. More in the comments section below.

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: $0.77113
  • SBD: $1.67380

Previous Report:

  • STEEM: $0.29727
  • SBD: $1.32707

Assumptions

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.

Previous Reports

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: 5/7/2017 to 5/13/2017

First included transfer: 2017-05-07T00:01:00+00:00
Last included transfer: 2017-05-13T23:59:36+00:00


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

@poloniex STEEM transfer total: 3,179,793.825
@poloniex SBD transfer total: 82,101.490
@bittrex STEEM transfer total: -393,164.115
@bittrex SBD transfer total: -16,681.228
@blocktrades STEEM transfer total: 287,998.361
@blocktrades SBD transfer total: -4,564.699
@openledger STEEM transfer total: 24,663.976
@openledger SBD transfer total: 2,083.029
@hitbtc STEEM transfer total: 2,506.226
@hitbtc SBD transfer total: 315.179
@changelly STEEM transfer total: 114,407.720
@changelly SBD transfer total: -393.145
@shapeshiftio STEEM transfer total: 43,841.802
@shapeshiftio SBD transfer total: 0.000
@freewallet.org STEEM transfer total: 71,586.663
@freewallet.org SBD transfer total: 0.000

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

Total STEEM transferred: -3,331,634.458
Total SBD transferred: -62,860.626
Total USD transferred: ($ 2,674,350.22)

----------- Total Transferred, Excluding Steemit2 Account ------------

Total STEEM transferred (excluding steemit2): -3,021,634.458
Total SBD transferred (excluding steemit2): -62,860.626
Total USD transferred (excluding steemit2): ($ 2,435,298.88)

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

Accounts withdrawing: 1889
Average withdrawal amount: ($     1,788.50)
Median withdrawal amount: ($        38.55)

Accounts depositing: 569
Average deposit amount:  $       372.75
Median deposit amount:  $        85.43

Ratio of withdrawals to deposits: 3.32/1

TOP 50 WITHDRAWALS

AccountNet Transfer Amount
1steemit2:($ 239,051.33)
2alot:($ 192,783.33)
3aload:($ 154,226.67)
4dantheman:($ 148,443.29)
5tombstone:($ 142,659.67)
6smooth-a:($ 138,804.00)
7wang:($ 138,804.00)
8ashleigh:($ 115,803.48)
9newyo:($ 115,670.00)
10cleta:($ 115,670.00)
11abunch:($ 77,113.33)
12aurel:($ 74,997.34)
13rainman:($ 65,747.34)
14teamsmooth:($ 61,463.69)
15summon:($ 60,822.07)
16engagement:($ 59,362.87)
17pharesim:($ 57,895.41)
18bnet:($ 57,608.16)
19imadev:($ 56,609.92)
20satoshifund:($ 53,788.98)
21erihn:($ 42,412.33)
22cloop1:($ 35,597.92)
23dan:($ 35,272.34)
24steempty:($ 34,614.39)
25thecyclist:($ 33,766.33)
26tamim:($ 30,625.36)
27ozchartart:($ 30,470.55)
28salva82:($ 23,396.19)
29confederation:($ 23,134.00)
30htooms:($ 19,566.48)
31bitcointrader:($ 17,481.59)
32c75c39f25a90:($ 17,033.23)
33kenedy0815:($ 15,815.94)
34kushed:($ 15,428.94)
35abdullar:($ 15,422.67)
36toybazaar:($ 15,012.59)
37fuzzyvest:($ 14,894.83)
38xeroc:($ 14,801.69)
39dollarvigilante:($ 14,361.43)
40inv:($ 14,103.26)
41liondani:($ 14,010.72)
42hipster:($ 13,598.02)
43wintzingerode:($ 13,513.59)
44originate:($ 13,480.81)
45bhuz:($ 13,109.27)
46arhag:($ 12,601.19)
47c91c2dfbf2f5:($ 12,550.61)
48a6ab6923e0a5:($ 11,627.45)
49b943863a19cf:($ 11,177.71)
50aizensou:($ 11,135.54)

TOP 50 DEPOSITS

AccountNet Transfer Amount
1skan:$ 54,416.14
2cljg918:$ 39,713.34
3cryptomiles:$ 37,017.67
4superremnant:$ 30,845.70
5kimjungmin:$ 28,548.81
6starkerz:$ 25,524.49
7lifewordmission:$ 23,905.05
8veritassapere:$ 20,653.82
9peerplays-ico:$ 19,352.42
10xaero1:$ 19,278.33
11liecos:$ 16,760.26
12sanghkaang:$ 15,734.09
13yun093:$ 14,211.89
14skradmin:$ 13,741.06
15urbanoid:$ 13,055.29
16secom:$ 12,004.19
17coinpayments.net:$ 10,881.72
18kwak:$ 10,643.18
19vip:$ 9,105.47
20freeman:$ 7,773.90
21fatboy:$ 7,407.48
22ediya:$ 6,687.99
23dongu:$ 6,479.02
24itsmein3d:$ 6,311.61
25robert-call:$ 6,168.40
26abuzarkalam:$ 5,886.58
27speda:$ 5,378.62
28breakingbitcoin:$ 5,378.42
29sponge-bob:$ 5,359.36
30grognak:$ 5,336.84
31very:$ 5,186.63
32daniel82:$ 4,804.51
33isteemed:$ 4,719.94
34michelios:$ 4,682.45
35tiagd:$ 4,626.80
36homosapiens:$ 4,175.12
37trevonjb:$ 3,945.96
38riott:$ 3,932.01
39budp:$ 3,907.10
40sandrino:$ 3,832.16
41sofaking2020:$ 3,793.95
42apotdevin:$ 3,701.44
43johndogett:$ 3,473.72
44ashe-oro:$ 3,440.52
45rupertbare:$ 3,400.19
46virtuousreality:$ 3,086.05
47ofrbg:$ 3,085.28
48ssm1810:$ 3,084.53
49intothewild1986:$ 2,927.49
50enki:$ 2,879.29

Withdrawal to Deposit Ratio by User Count over Time


click the image for an interactive graph

Commentary

  • Since I started this report over 9 months ago, I've had a theory that when the ratio of user accounts withdrawing money compared to those depositing money decreases, we'll see a major rise in the price of STEEM. This past week, we had the largest rise in STEEM price in the last 9 months and the withdrawal to deposit ratio was also the lowest by far at 3.32 to 1. If this ratio ever goes below 1 to 1, we could see a massive rise in the price of STEEM. Even with more than 3 times the number of accounts withdrawing money than depositing money, the price still went way up.

  • I'm putting a second bullet point here so you can pause for a moment and really think about the first bullet point. How amazing is that!?!

  • The STEEM price was roaring this week! The average landed at $0.77113, but we saw much higher prices than that. If you weren't stupid like me and got your STEEM to an exchange, you had a good opportunity to sell high and buy back lower.

  • We've got some new whales including @skan who joined a little over two weeks ago and has been powering up a ton ever since. @cljg918 signed up four days ago and went right to work dropping almost $40k.

  • $2.6M went out to exchanges this week. That's a lot of money.

  • The powerdown amounts for next week are again in the green, but just barely at 9.05%. That's much lower than the 20-30% ranges we've been seeing the last few weeks. That could indicate a continued downward pressure on the price.


Luke Stokes is a father, husband, business owner, programmer, voluntaryist, and blockchain enthusiast. He wants to help create a world we all want to live in.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Thanks for the info.....I'm new to steemit so seeing these types of reports helps me understand this economy better!

·

You're welcome! I put them together ever week.

Thank you for this! I Love that you explain in a way anyone can understand! Even though I've been on this site for a while. I don't fully understand everything. So this helps a lot haha.

Thank you, @lukestokes. Great information. I'm staying positive on Steem.it in the long run.

Thanks for the informative post!

In response to your second point...

Well played, sir.

·

Thanks for appreciating my silliness. :)

Hope you're doing well.

·
·

Relatively. Had a rocky start to the year, but things are looking up.

Hope things are good for you as well.

·
·
·

Glad to hear things are getting back on the rails for you.

We're doing fantastically. Enjoying some vacation time at the beach this week. :)