Exchange Transfer Report: 3/5/2017 to 3/11/2017steemCreated with Sketch.

in #stats3 years ago (edited)


The 30th Week of This Report!

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: $0.08617
  • SBD: $0.98923

Previous Report:

  • STEEM: $0.11591
  • SBD: $1.00398


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

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: 3/5/2017 to 3/11/2017

First included transfer: 2017-03-05T00:07:27+00:00
Last included transfer: 2017-03-11T23:34:18+00:00

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

@poloniex STEEM transfer total: 270,699.030
@poloniex SBD transfer total: -11,430.666
@bittrex STEEM transfer total: 280,950.414
@bittrex SBD transfer total: 18,826.837
@blocktrades STEEM transfer total: 183,032.930
@blocktrades SBD transfer total: 87.054
@openledger STEEM transfer total: 73,150.108
@openledger SBD transfer total: 45.139
@hitbtc STEEM transfer total: -3,054.992
@hitbtc SBD transfer total: 0.000
@changelly STEEM transfer total: -18,429.064
@changelly SBD transfer total: -722.042
@shapeshiftio STEEM transfer total: 440.569
@shapeshiftio SBD transfer total: 0.000 STEEM transfer total: -54,710.667 SBD transfer total: 0.000

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

Total STEEM transferred: -732,078.328
Total SBD transferred: -6,806.322
Total USD transferred: ($    69,813.93)

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

Accounts withdrawing: 1026
Average withdrawal amount: ($       182.30)
Median withdrawal amount: ($         7.31)

Accounts depositing: 137
Average deposit amount:  $       114.26
Median deposit amount:  $        53.84

Ratio of withdrawals to deposits: 7.49/1


AccountNet Transfer Amount
1steemed:($ 20,805.22)
2analisa:($ 19,576.58)
3summon:($ 14,399.99)
4abdullar:($ 9,879.03)
5smooth.witn.ssf:($ 7,324.18)
6complexring:($ 7,322.18)
7apollo:($ 6,398.33)
8aload:($ 5,935.40)
9clayop:($ 4,568.25)
10lafona-miner0:($ 4,136.26)
11adash:($ 3,956.93)
12aaron:($ 3,877.59)
13wayfairer:($ 3,467.77)
14silversteem:($ 2,892.76)
15drunchpunk:($ 2,751.07)
16bhuz:($ 2,231.98)
17stellabelle:($ 2,111.22)
18liondani:($ 2,111.09)
19unobservant:($ 2,026.87)
20jacor:($ 1,978.47)
21c75c39f25a90:($ 1,897.17)
22riverhead:($ 1,709.78)
23ani625:($ 1,572.17)
24c91c2dfbf2f5:($ 1,397.90)
25summon1:($ 1,345.10)
26a6ab6923e0a5:($ 1,295.07)
27charlieshrem:($ 1,291.81)
28cryptoctopus:($ 1,280.85)
29b943863a19cf:($ 1,244.98)
30silver:($ 1,144.74)
31laonie:($ 1,101.76)
32anyx:($ 1,061.96)
33steemychicken1:($ 1,059.85)
34p0o:($ 989.23)
35anonymous:($ 963.39)
36steempty:($ 954.15)
37james212:($ 949.04)
38ericvancewalton:($ 861.67)
39kushed:($ 859.72)
40rabbit-00:($ 820.21)
41gavvet:($ 706.88)
42terrycraft:($ 692.09)
43steemimg:($ 682.57)
44steemimage:($ 672.68)
45flyingmind:($ 670.87)
46skulls:($ 634.14)
47joblessnomore:($ 627.93)
48cryptogee:($ 595.56)
49aizensou:($ 545.25)
50masteryoda:($ 528.86)


AccountNet Transfer Amount
1inv:$ 21,714.05
2smooth-a:$ 16,210.44
3ramires:$ 16,160.59
4julianita:$ 14,597.96
5slowwalker:$ 9,086.04
6thejohalfiles:$ 4,120.53
7confederation:$ 2,628.09
8simon-says:$ 2,436.25
9coinfund:$ 2,329.12
10vega113:$ 1,723.34
11twinner:$ 1,432.53
12jaki01:$ 1,313.13
13exyle:$ 1,212.88
14inchonbitcoin:$ 1,182.65
15kocowpo:$ 1,139.41
16anagamidev:$ 1,095.08
17demotruk:$ 994.28
18gregm:$ 985.19$ 964.63
20enki:$ 938.05
21jasonforish:$ 829.66
22capper2016:$ 670.23
23keregnier302:$ 663.40
24hedge-x:$ 655.06
25mothership:$ 646.25
26noisy:$ 627.99
27phillip-attia:$ 571.73
28vass:$ 563.62
29kevinwong:$ 562.65
30tradeqwik:$ 557.78
31permacryptofolio:$ 499.58
32jacobcards:$ 498.47
33araki:$ 449.51
34cryptomancer:$ 395.15
35inertia:$ 387.87
36ramblin-bob:$ 353.83
37leongkhan:$ 301.12
38gary911:$ 291.59
39seablue:$ 258.86
40tjsoborn:$ 251.72
41team:$ 249.22
42mddocmd:$ 247.65
43superstar:$ 226.06
44rbarto:$ 210.31
45alexanarcho:$ 198.18
46markedwr2:$ 176.42
47ezzy:$ 173.19
48jubi:$ 172.39
49onceuponatime:$ 171.99
50smurrah:$ 171.91

Withdrawal to Deposit Ratio by User Count over Time

click the image for an interactive graph


  • The withdrawal ratio of 7.49 to 1 is way better than last week's high of 12.84 to 1. What will this ratio have to be for the price to rise? What would happen if this number went negative?

  • It seems @inv feels the time to buy is now. They obtained over 450k STEEM in the last 7 days according to their transfer page. Impressive. Part of me would like to buy some myself.

  • What's up with @c75c39f25a90, @c91c2dfbf2f5, @a6ab6923e0a5, and @b943863a19cf? They all received significant amounts from the @steemit2 account with one having an interesting contractor - for invoice 1 of work order 2 note on the transfer (the others are blank). Maybe this is a way for @steemit2 to move money around without being noticed? Transfers are from 3 months ago, 2 months ago, last month, 19 days ago... interesting stuff.

  • The big question: How low will it go? What's a good buy point and if people do start buying, will whales who've transferred to exchanges but maybe haven't sold dump even more? What will create demand for this amazing technology? Is the technology itself enough or is something else required? If so, what is it?

  • The powerdown amounts for next week is another 50% in the green, as last week was.

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.


I think now is the right time to go long on STEEM, as the recent power-down rush is soon over, and the ratio will quickly go close to 1:1. Most people aren't anticipating the event, but once they do, the tide will change!

I hope you're right. Seeing a 1:1 ratio would be amazing. As you can see from the graph, I've only ever seen it get worse over time.

Dan just started powering down, which might trigger an avalanche. Let's hope for the best

Unfortunately it seems those who got their money out early are the winners. I just feel like a sucker by always powering up and being overly optimistic.

Thanks for the report lukestokes

You're welcome, @me-tarzan! I'm always thankful you appreciate it. :)

What's up with @c75c39f25a90, @c91c2dfbf2f5, @a6ab6923e0a5, and @b943863a19cf? They all received significant amounts from the @steemit2 account with one having an interesting contractor - for invoice 1 of work order 2 note on the transfer (the others are blank).

The most obvious explanation is Steemit hired a contractor for some work and paid said contractor with the transfers. What am I missing?

The one peice of evidence we have for that claim seems to support it, but I find it interesting because it's the first example I've seen of deliberately obfuscated account names. They actually look more like bitcoin addresses than accounts on a social media site. I find that quite interesting. Also interesting that they are all cashing out on the same week which might imply they are all the same contractor which raises the question of why separate addresses?

[nested reply] @lukestokes Good points. I agree it is an interesting observation and practice.

Thank you for taking the time to share this. Resteemed upvoted and followed.

You're welcome and thanks so much for the follow. Always greatly appreciated.

An interesting report thank you for that...

Downvoted to counteract @freedom's upvoting and also some bot-voting.
More discussion here:

Good luck on your experiment, @abit. I'm glad you and the whales are willing to try things out in these early days, even if you get flak from people about it. I hope it's a useful experiment and brings in long-term benefits for everyone.