Netflow = Inflow - OutflowClick here to get more information
Exchange netflow volume is an index that indicates how many units of a Coin/Token (Bitcoin, Tether Ethereum and etc) have transferd from wallets to the exchanges (InFlow) or have transferd from the exchanges to the wallets (OutFlow).
In principle, the difference between Inflow and Outflow is Netflow
To get Netflow, We use this following formula: Netflow = Inflow - Outflow
If the Netflow index is positive, it means that the stock of coins or tokens in exchange offices is higher (We are using RED bubbles to show this).
If it is negative, it means that more coins and tokens have been taken out of the exchange offices(We are using GREEN bubbles to show this).
We have to accept that the volume of the cryptocurrency market is still very small compared to the stock market and Forex, this is why rich people take control of the market by investing large sums of money and whenever they want they can make the market bearish or bullish.
These people just have to place high volume sell orders and cause fear in the holders of that currency and cause them to sell their assets at the lowest price!
As the Cryptocurrency market leader, the Exchanges Netflow volume for Bitcoin is so important as the BTC / USDT trading volume, as it can affect the entire cryptocurrency market in one minute! If Bitcoin falls 10%, the rest may fall 5 times, 10 times and more! Or if the Exchanges Netflow volume for Bitcoin is positive (this means the traders are transferring their bitcoins to exchanges) if this happens other currencies will be affected as well, this is why the Exchanges Netflow volume for Bitcoin is very important.
According to this information, if we are aware of the activities of these people, we can buy or sell a currency in perfect time.
Cryptoleda, for the first time, has provided this data to you in a completely graphic form, transparent and completely free, so Do not miss this opportunity and be sure to use Exchanges Netflow Volume tool in deciding to do your trading.
We do not show weird and complicated charts and data here! We use graphic bubbles that you can easily see at a glance the market situation of a currency, whether people are currently selling or buying this currency?
Understanding these bubbles is also very simple, if you see that the bubble is red and the Netflow is positive, it means that people are transferring their assets to exchange offices to sell them! So it is very likely that this currency will be downward trend in the coming days.
Or if you see that the bubble is green and the Netflow number is negative, it means that people are transferring their assets from exchange offices to their personal wallets, so less people are thinking of selling their currencies, and Most likely, this currency will have an upward trend in the coming days.
As a result, you saw that reviewing this data can be a very good decision indicator! If you are planning to buy a Cryptocurrency, it is better to check its status from the OnChain Data before that, because everything is not a price and a price chart.
In our opinion, before buying or selling, 3 factors should be considered:
1- Fundamental status of a currency
This is one of the most important factors, because the political decisions of countries have a very direct impact on the transactions of a currency, for example, suppose the United States decides to outlaw cryptocurrencies transactions in its own country! What happens? It is very clear that it may even cause a currency to fall by 50% or more. Or vice versa, suppose China re-legalizes cryptocurrencies trading, which will naturally lead to a sharp increase.
2- The status of OnChain data
We have to accept that no matter how professional a trader we are, there must be someone better than us :) So before trading, it is better to take a look at the OnChain data as well so we can see if traders are selling that currency or They are buying it.
3- Currency price chart status
This is also one of the basic factors that usually new traders only use this factor as a criterion for their transactions, which is a very big mistake,everything is not price and technical analysis! But price chart analysis is an important factor and be sure to consider this factor before trading.
1️⃣ Are Exchanges Netflow statistics updated daily?
Yes, Exchanges Netflow statistics are daily updated and automatically.
2️⃣ What about the Exchanges Netflow archive?
Archives are daily, last 7 days, 30 days, 3 months, 6 months and 1 year.
3️⃣ What about the Exchanges Netflow archive?
Top Assets (Bitcoin, Ethereum), Stable Coins (USDT, BUSD, GUSD, DAI, USDC and etc.), DeFi Tokens, Exchange Tokens, ERC-20 Assets and etc.