Exchange Transfer Report: 12/25/2016 to 12/31/2016

in stats •  2 years ago


This week's report is a day later than usual as yesterday was my birthday.

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: $0.15797
  • SBD: $1.03111

Previous Report:

  • STEEM: $0.14535
  • SBD: $1.00860


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

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: 12/25/2016 to 12/31/2016

First included transfer: 2016-12-25T00:14:00+00:00
Last included transfer: 2016-12-31T23:45:36+00:00

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

@poloniex STEEM transfer total: 279,922.613
@poloniex SBD transfer total: 3,559.122
@bittrex STEEM transfer total: -246,515.035
@bittrex SBD transfer total: 954.316
@blocktrades STEEM transfer total: -676.160
@blocktrades SBD transfer total: 1,617.250
@openledger STEEM transfer total: -1,928.950
@openledger SBD transfer total: 0.000
@hitbtc STEEM transfer total: -1,116.941
@hitbtc SBD transfer total: 0.000
@changelly STEEM transfer total: 22,757.160
@changelly SBD transfer total: -4,119.778
@shapeshiftio STEEM transfer total: 1,529.898
@shapeshiftio SBD transfer total: 0.000 STEEM transfer total: 23,816.665 SBD transfer total: 0.000

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

Total STEEM transferred: -77,789.250
Total SBD transferred: -2,010.910
Total USD transferred: ($    14,361.80)

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

Accounts withdrawing: 929
Average withdrawal amount: ($       153.73)
Median withdrawal amount: ($         9.79)

Accounts depositing: 107
Average deposit amount:  $       138.27
Median deposit amount:  $        43.90

Ratio of withdrawals to deposits: 8.68/1


AccountNet Transfer Amount
1@complexring:($ 9,600.44)
2@analisa:($ 7,711.06)
3@alpha:($ 6,446.63)
4@smooth.witn.ssf:($ 5,528.93)
5@silversteem:($ 5,285.93)
6@modprobe:($ 5,092.01)
7@drunchpunk:($ 5,027.03)
8@jaewoocho:($ 4,622.95)
9@slack:($ 4,033.59)
10@joseph:($ 3,744.22)
11@berniesanders:($ 3,159.39)
12@charlieshrem:($ 2,529.88)
13@silver:($ 2,091.75)
14@steemychicken1:($ 1,949.34)
15@summon:($ 1,942.03)
16@ozchartart:($ 1,844.14)
17@anyx:($ 1,814.99)
18@sweetsssj:($ 1,814.66)
19@thecyclist:($ 1,813.57)
20@stellabelle:($ 1,579.69)
21@rabbit-00:($ 1,517.45)
22@cloop1:($ 1,385.04)
23@cass:($ 1,370.16)
24@coldstorage1:($ 1,303.22)
25@ihashfury:($ 1,300.57)
26@steemrollin:($ 1,298.67)
27@tuck-fheman:($ 1,213.77)
28@lafona-miner0:($ 1,205.78)
29@steempty:($ 1,198.23)
30@hanyuu:($ 1,137.30)
31@cryptogee:($ 1,095.67)
32@infovore:($ 1,047.63)
33@gardenofeden:($ 1,039.12)
34@smooth-a:($ 1,031.11)
35@theshadowbroker:($ 1,020.56)
36@boatymcboatface:($ 994.05)
37@masteryoda:($ 967.04)
38@steempower:($ 923.42)
39@jabbasteem:($ 890.03)
40@eneismijmich:($ 854.71)
41@terrycraft:($ 842.93)
42@piedpiper:($ 807.70)
43@sirwinchester:($ 807.39)
44@weibochina:($ 721.78)
45@calaber24p:($ 701.16)
46@kushed:($ 671.90)
47@acfun:($ 670.22)
48@dele-puppy:($ 641.03)
49@datasecuritynode:($ 637.86)
50@aurel:($ 631.88)


AccountNet Transfer Amount
1@tamim:$ 63,568.16
2@thisvsthis:$ 10,866.86
3@glitterfart:$ 8,900.64
4@noagenda:$ 6,634.72
5@smooth:$ 5,671.11
6@ericvancewalton:$ 5,614.39
7@ilovesteemit:$ 5,079.66
8@coinfund:$ 2,990.02
9@liqui:$ 2,176.96
10@xaero1:$ 1,421.72
11@idealist:$ 1,263.76
12@demotruk:$ 1,081.59
13@arama:$ 1,003.34
14@tevans1216:$ 874.29
15@soulsurfer:$ 861.02
16@fiveboringgames:$ 796.82
17@gregm:$ 626.19
18@everythink:$ 612.81
19@triddin:$ 600.04
20@michaeldodridge:$ 525.15
21@walterjay:$ 510.44
22@carrinm:$ 488.38
23@bitcoincostarica:$ 440.90
24@timsaid:$ 365.05
25@vortac:$ 316.68
26@thread:$ 310.03
27@roelandp:$ 307.74
28@dimimp:$ 306.30
29@wingz:$ 276.44
30@nxtblg:$ 255.23
31@tirapon.btc:$ 221.15
32@kokobubu:$ 212.45
33@speda:$ 198.26
34@schonewille:$ 187.44
35@bakewalker:$ 187.32
36@schattenjaeger:$ 181.04
37@hexdek16:$ 170.77
38@daveks:$ 166.13
39@alexandergomez:$ 160.53
40@joshbreslauer:$ 158.70
41@ramta:$ 146.19
42@cognoscere:$ 140.46$ 128.06
44@ahhchuu09:$ 118.72
45@shak:$ 111.42
46@ericcjaffe:$ 95.59
47@perwest:$ 95.52
48@ethansteem:$ 94.78
49@steemaccess:$ 84.70
50@goldmatters:$ 61.28

Hourly Breakdown by Exchange

Here are the hourly breakdowns for the past week as interactive graphs. The code I use to get this data is on Github if you want to poke at it yourself.


click the image for an interactive graph


click the image for an interactive graph


click the image for an interactive graph

Withdrawal to Deposit Ratio by User Count over Time

click the image for an interactive graph


  • Last week we saw a huge jump in the number of accounts withdrawing compared to depositing on exchanges: 8.68 to 1. That is by far the largest ratio we've ever seen. This doesn't seem like a good thing. How will Steem Power be distributed unless more people are buying STEEM and powering up? If you look at the graph for the withdrawal to deposit ratio, it's just gotten worse and worse. Am I missing something here? Is this a sign of a larger systemic problem or just another thing which will work itself out over time?

  • Surprisingly, even with the large number of people withdrawing, the total amount was fairly low compared to other weeks at $14,361.

  • The main reason for that low amount was massive deposit by @tamim of $63,568. This is how new whales are born.

  • Latest power down stats from @jesta's Power Down tool:

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.

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Thank you for putting this together lukestokes


You're welcome! I'm glad you find them useful.

Happy belated Birthday Luke


Thanks Tarzan!

Firstly: Happy Birthday! my birthday was Dec. 31
Secondly: Thank you for the information. And thank you to @tamim for that huge deposit or I think the scales would definitely be tipped more.


Thanks @merej99! And happy birthday to you also!

Yeah, I'm really curious about these anonymous new whales who are powering up. Steemit is giving out value every single day... if investors don't keep buying it up, the price has to go down.