SF - CEX & withdraw balance, Exchange netflow & inflow & outflow
Tools for assessing asset balances on exchange accounts and the dynamics of exchange flows.
Indicator appearance.
Description
CEX balance is a sentiment analysis indicator that shows the amount of an asset on the balances of centralized exchanges.
Withdraw is a sentiment analysis indicator that shows the amount of an asset on the balances of exchangers.
Exchange balance is a sentiment analysis indicator that shows the change in the balance of an asset on exchanges.
Exchange inflow is a sentiment analysis indicator that shows positive flows of an asset to exchanges.
Exchange outflow is a sentiment analysis indicator that shows negative outflows of an asset from exchanges.
Exchange inflow & outflow also have variants with units in dollars.
Functionality
In the chart settings window, the user can choose the display colors and the opacity of the indicator and the zero line.
Indicator chart settings.
Access by plan
| Basic | Basic | Trader | Pro |
|---|---|---|---|
| CEX & withdraw balance | - | + | + |
| Exchange inflow | - | + | + |
| Exchange outflow | - | + | + |
| Exchange inflow USD | - | + | + |
| Exchange outflow USD | - | + | + |
Usage scenarios
The amount of an asset in circulation and its dynamics are important metrics. They let you quantify and forecast spot sell pressure on the asset.
The more of the asset sits on exchanges, the greater the potential selling pressure. Conversely, the less of the asset, the less potential supply in the spot segment.
PEPE (1000PEPE)
Pepe (PEPE) is a deflationary meme coin launched on Ethereum. The cryptocurrency was created as a tribute to the "Pepe the Frog" internet meme, invented by Matt Furie and popular in the early 2000s.
Source: block-chain24.com
Throughout August 2023, PEPE showed a pattern: abnormal aggregated inflows of the asset to exchanges were followed by a price decline.
In total, the asset's price fell by 49%, while the benchmark changed by only 3%.
PEPE (1000PEPE).
Using the metrics together gives a more accurate view of asset flow dynamics. If a user relies on a single metric, the information may be incomplete, and the decision about their positions may be inaccurate.
Spell Token (SPELL)
Spell Token (SPELL) is a reward token linked to abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKN) as collateral to borrow a US dollar-pegged stablecoin called Magic Internet Money (MIM).
Source: block-chain24.com
In mid-September, the SPELL price rises by almost 60%. The rise comes with substantial inflows of the asset to exchanges, after which the price returns to its original values.
Spell Token (SPELL).
Shiba Inu (SHIB)
SHIB is an experiment in decentralized spontaneous community building. The SHIB token is the first token and lets users hold billions or even trillions of them. This ERC-20 token, nicknamed the "doge-killer", can stay a penny token and still outperform Dogecoin. The token, popular worldwide, has already grown by thousands of percent.
Source: block-chain24.com
From September to November 2021, the asset had a steady trend of withdrawal transactions both on exchanges and on exchangers. Supply and sell pressure on the spot market became more and more limited, and the SHIB price rose by more than 1000%, while the benchmark rose by only 50%.
Shiba Inu (SHIB).
0x (ZRX)
0x is a decentralized protocol that lets you build exchangers for tokens and digital currencies issued on the Ethereum blockchain. Participants of the Ox ecosystem can create new applications for trading and exchanging crypto using a wide range of features, for example over-the-counter trading of ERC20 tokens.
Source: block-chain24.com
In late March 2023, ZRX showed exchange flow activity similar to SHIB in autumn 2021: tokens were actively withdrawn from trading venues, followed by a rise that significantly outperformed the benchmark.
0x (ZRX).
Summary
Assessing net exchange flows of a spot asset lets you gauge the dynamics of potential supply in the market and adjust trading strategies on the fly: reduce risk in assets with potentially growing sell pressure and increase exposure in assets with limited supply.
The CEX & withdraw balance and Exchange netflow & inflow & outflow indicators make this process much more convenient.