Exchange Transfer Report: 3/19/2017 to 3/25/2017

in #stats4 years ago (edited)


To Reward This Post: Vote up my comment below.

Sorry this weekly report is late. It totally slipped my mind this week! I want to do an experiment: If you think this report should be financially rewarded, vote up my comment below. The main post is marked as decline payout. My hunch is it will receive very little compared to other reports I've done.

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 hourly breakdown graphs, I show the USD values using the weighted average for that day. For the top 50 reports in USD terms, I then took the average USD value for STEEM and SBD for the week using the daily average which came out to:

  • STEEM: $0.17795
  • SBD: $1.00587

Previous Report:

  • STEEM: $0.10694
  • SBD: $0.99820


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

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: 3/19/2017 to 3/25/2017

First included transfer: 2017-03-19T00:01:30+00:00
Last included transfer: 2017-03-25T23:57:09+00:00

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

@poloniex STEEM transfer total: 1,939,227.657
@poloniex SBD transfer total: -4,993.098
@bittrex STEEM transfer total: 783,098.693
@bittrex SBD transfer total: -970.783
@blocktrades STEEM transfer total: 611,728.785
@blocktrades SBD transfer total: 2,860.375
@openledger STEEM transfer total: -18,843.774
@openledger SBD transfer total: -365.534
@hitbtc STEEM transfer total: -15,697.498
@hitbtc SBD transfer total: 130.727
@changelly STEEM transfer total: -301,127.125
@changelly SBD transfer total: 1,748.739
@shapeshiftio STEEM transfer total: 0.000
@shapeshiftio SBD transfer total: 0.000 STEEM transfer total: -254,302.139 SBD transfer total: 0.000

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

Total STEEM transferred: -2,744,084.599
Total SBD transferred: 1,589.574
Total USD transferred: ($   486,701.87)

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

Total STEEM transferred (excluding steemit2): -1,384,084.599
Total SBD transferred (excluding steemit2): 1,589.574
Total USD transferred (excluding steemit2): ($   244,694.37)

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

Accounts withdrawing: 1288
Average withdrawal amount: ($       466.51)
Median withdrawal amount: ($         9.51)

Accounts depositing: 229
Average deposit amount:  $        88.64
Median deposit amount:  $        37.84

Ratio of withdrawals to deposits: 5.62/1


AccountNet Transfer Amount
1steemit2:($ 242,007.50)
2aguilar:($ 53,384.01)
3jamesc1:($ 45,581.91)
4arsahk:($ 18,673.08)
5rainman:($ 13,346.00)
6wackou:($ 12,994.16)
7smooth.witn.ssf:($ 10,676.80)
8bengurion:($ 9,675.95)
9cloop1:($ 8,196.75)
10dan:($ 8,129.22)
11steempty:($ 7,970.35)
12davidwachsman:($ 7,331.40)
13apollo:($ 7,273.53)
14summon:($ 7,117.87)
15tamim:($ 7,049.24)
16alpha:($ 6,195.74)
17bitswift:($ 4,046.84)
18abdullar:($ 3,647.91)
19imadev:($ 3,576.73)
20newyo:($ 3,558.93)
21nanzo-scoop:($ 3,153.70)
22liondani:($ 3,047.51)
23hovantan:($ 3,009.61)
24mszerencsy:($ 2,947.80)
25dimimp:($ 2,800.49)
26charlieshrem:($ 2,669.73)
27aaron:($ 2,509.23)
28stellabelle:($ 2,460.29)
29asch:($ 2,193.23)
30nil1511:($ 2,011.74)
31mika:($ 2,011.74)
32anonymous:($ 1,990.93)
33bitcoinmeetups:($ 1,935.29)
34riverhead:($ 1,779.47)
35hipster:($ 1,779.47)
36knozaki2015:($ 1,776.78)
37kushed:($ 1,776.70)
38dollarvigilante:($ 1,634.82)
39fuzzyvest:($ 1,331.66)
40ilovesteemit:($ 1,295.70)
41krnel:($ 1,285.95)
42arroyo:($ 1,253.93)
43meow:($ 1,235.63)
44the-alien:($ 1,127.11)
45joseph:($ 1,016.20)
46enki:($ 1,011.92)
47tuck-fheman:($ 988.24)
48capper2016:($ 981.52)
49aizensou:($ 977.29)
50proctologic:($ 853.96)


AccountNet Transfer Amount
1trafalgar:$ 19,612.28
2james212:$ 13,361.88
3rokk:$ 9,198.84
4steem360:$ 5,627.04
5spinbitz:$ 4,801.94
6htooms:$ 4,006.55
7smooth-a:$ 3,282.65
8wintzingerode:$ 2,794.08
9matt-a:$ 2,627.03
10r2cornell:$ 2,581.83
11sousyu:$ 2,501.33
12speda:$ 2,450.85
13doweig:$ 2,400.05
14jaki01:$ 2,346.11
15steemit-life:$ 2,301.95
16fminerten1:$ 2,028.42
17coachjin:$ 1,821.01
18slowwalker:$ 1,774.38
19kmyang62:$ 1,575.33
20thread:$ 1,474.03$ 1,369.19
22emilhoch:$ 1,133.60
23corn113:$ 978.87
24colinmccrae:$ 923.06
25kiwi13605:$ 904.35
26lighthil:$ 853.20
27sean-king:$ 846.44
28romangt87:$ 726.73
29polo:$ 709.11
30lasseehlers:$ 633.95
31steemrich:$ 585.74
32chenpai:$ 568.79
33smej:$ 567.59
34voiceover:$ 548.25$ 543.22
36seablue:$ 481.79
37tidex:$ 439.71
38eel8x8:$ 435.68
39ceddymjanus:$ 414.42
40stem78:$ 409.62
41claudiop63:$ 404.13
42kus-knee:$ 383.17
43layi2:$ 375.69
44dav15steemit:$ 356.77
45cognoscere:$ 355.28
46andremaso:$ 331.97
47lastminuteman:$ 306.99
48goldraybob:$ 304.57
49dmitriybtc:$ 272.37
50businesswri:$ 272.37

Withdrawal to Deposit Ratio by User Count over Time

click the image for an interactive graph


  • HUGE cashout from @steemit2 (run by Steemit, Inc) to the tune of almost $250k. Maybe securing some funds for legal fees against a former co-founder? How will this impact the price next week?

  • Looks like Dan's powerdown cashout is around $8,129 a week. Prepare accordingly.

  • The withdrawal ratio was down again at 5.62 to 1! Again, the lowest it's been all year.

  • Really nice jump in average price from $0.10 to $0.17.

  • Looks like we have a new whale @trafalgar who enjoys self voting and Tinder :)

  • Sorry this report is late. I actually forgot about doing it! I'll skip the normal powerdown screenshot as it wouldn't line up with the other dates I've posted in the past.

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.


Clever ;-) Keep up the good work. You know I'm a data junkie!

I'm honestly surprised with how well it's going so far. Potential payout above $2.

Take that, bots! Heheh.

I use this report as supporting information for my Daily Investor Report. Definitely worth an upvote.

Thank you for posting @lukestokes.

Appreciate the information....useful and enlightening.

Thanks for commenting! It's always nice to know these efforts are appreciated.

Thank you for making this rapport every week.

Yeah, that's a good point. This is just a description of value going in and out though, it doesn't represent order book size or anything like that on the actual exchanges themselves. I wonder if there's a delay between the withdrawal and the order book and, eventually the price.

Wow, that was fast. I edited my post because I saw you excluded Steemit2 from the numbers.

Yeah, the total amount going to exchanges is $486k!

I keep looking forward to this report :-).

Is the "withdrawal to deposit ratio by user count" the amount of users withdrawing divided by users depositing, or is it total amount withdrawn/deposited?

Thanks @idealist! If 1000 accounts sent a net positive (in USD terms) amount of STEEM or SBD to exchanges last week (withdrawals) and 100 accounts did the opposite and took money off exchanges (deposits), we'd have a ration of 10 to 1. 10 accounts withdrawing for every 1 account that is depositing. It's not based on the amount, but more so on the number of accounts which, to me, is an important indicator regarding mass adoption vs. people who are already here cashing out.

For the amounts, see the top summary part of the report which shows how much money is going out to exchanges.

Ok, the ratio's are very close, which seems to indicate that the spectrum for exiting and entering users is very similar. Big and small players both exiting and entering. It would be interesting if this wasn't the case.

Personally, I'd consider something closer to 1:1 as being very similar. 5:1 means five times as many people are taking money out of the system then are putting into it. Earlier this month it was 12.84 to 1 (click on the graph above for more information). Until that number reverses, I don't think we'll see a big rise in the price of STEEM or mass adoption. If we had 5 people depositing money for everyone one person withdrawing, things could get really interesting around here.

I get your point, but what I tried to say was that the demographic of leaving users is similar in kind to that of the exiting, only 6 times larger. If exiting users were mostly whales, and entering users only minnows, the ratio of users could be 1:1, and the ratio of amounts 6:1. That, in turn, would mean that Steem is interesting for minnows and not interesting for whales.

I'm having trouble following your logic. How do the number of people exiting or entering relate to minnow / whale status? Sorry if I'm missing something obvious.

Legal fees? Yikes, that's a bit scary :S