Exchange Transfer Report: 2/18/2018 to 2/24/2018
New exchanges added: upbit and gopax!
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 top 50 reports in USD terms, I take the average USD value for STEEM and SBD for the week using the daily average which came out to:
- STEEM: $3.54978
- SBD: $4.03455
Previous Report:
- STEEM: $3.96297
- SBD: $4.80531
Assumptions
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.
Linked Accounts
hitbtc includes hitbtc-exchange and hitbtc-payout, freewallet.org includes freewallet, openledger includes openledger-dex, binance includes binance-hot and deepcrypto8, upbit includes upbit-exchange and myupbit, and gopax includes gopax and gopax-deposit.
Previous Reports
80, 79, 78, 77, 76, 75, 74, 73, 72, 71, 70, 69, 68, 67, 66, 65, 64, 63, 62, 61, 60, 59, 58, 57, 56, 55, 54, 53, 52, 51, 50, 49, 48, 47, 46, 45, 44, 43, 42, 41, 40, 39, 38, 37, 36, 35, 34, 33, 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: 2/18/2018 to 2/24/2018
First included transfer: 2018-02-18T00:00:24+00:00
Last included transfer: 2018-02-24T23:59:42+00:00
----------------------------- Exchanges ------------------------------
@upbit STEEM transfer total: 1,060,663.860
@upbit SBD transfer total: 455,652.792
@binance STEEM transfer total: 1,005,558.072
@binance SBD transfer total: 16.222
@changelly STEEM transfer total: 3,946.614
@changelly SBD transfer total: 10.001
@freewallet.org STEEM transfer total: 1,101.161
@freewallet.org SBD transfer total: 0.001
@poloniex STEEM transfer total: 20.246
@poloniex SBD transfer total: 29.495
@openledger STEEM transfer total: 0.000
@openledger SBD transfer total: 0.001
@hitbtc STEEM transfer total: 0.000
@hitbtc SBD transfer total: 0.001
@steemexchanger STEEM transfer total: -118.839
@steemexchanger SBD transfer total: -1,220.724
@coinpayments.net STEEM transfer total: -2,370.741
@coinpayments.net SBD transfer total: 93.440
@rudex STEEM transfer total: -4,920.210
@rudex SBD transfer total: 71.964
@blocktrades STEEM transfer total: -22,639.034
@blocktrades SBD transfer total: -78,307.052
@gopax STEEM transfer total: -195,315.257
@gopax SBD transfer total: -65,545.119
@bittrex STEEM transfer total: -1,558,777.421
@bittrex SBD transfer total: 131,187.728
------------------------- Total Transferred --------------------------
Total STEEM transferred: -287,148.451
Total SBD transferred: -441,988.750
Total USD transferred: ($ 2,802,541.64)
-------------------- Withdrawal to Deposit Ratio ---------------------
Accounts withdrawing: 5832
Average withdrawal amount: ($ 742.13)
Median withdrawal amount: ($ 40.35)
Accounts depositing: 2428
Average deposit amount: $ 261.58
Median deposit amount: $ 13.33
Ratio of withdrawals to deposits: 2.40/1
TOP 50 WITHDRAWALS THIS WEEK
| Account | Net Transfer Amount | |
|---|---|---|
| 1 | mynameis: | ($ 516,859.93) |
| 2 | alpha: | ($ 427,163.06) |
| 3 | dan: | ($ 354,978.17) |
| 4 | korbit: | ($ 296,885.60) |
| 5 | gogumacat: | ($ 177,489.09) |
| 6 | thejohalfiles: | ($ 126,772.96) |
| 7 | sesangsokuro: | ($ 110,736.24) |
| 8 | ngc: | ($ 80,985.86) |
| 9 | qkrnxlddl: | ($ 55,309.77) |
| 10 | imacryptorick: | ($ 51,027.57) |
| 11 | appreciator: | ($ 48,274.94) |
| 12 | jackkang: | ($ 44,480.69) |
| 13 | coolmnr: | ($ 33,642.96) |
| 14 | solisrex: | ($ 29,367.16) |
| 15 | hwawol: | ($ 28,844.84) |
| 16 | leesunmoo: | ($ 28,543.69) |
| 17 | feruz: | ($ 27,896.35) |
| 18 | lexiconical: | ($ 27,232.33) |
| 19 | changby: | ($ 26,686.94) |
| 20 | cryptopassion: | ($ 25,576.37) |
| 21 | kusadasi: | ($ 24,208.91) |
| 22 | peaceandlove: | ($ 23,452.38) |
| 23 | profitgenerator: | ($ 20,685.20) |
| 24 | utopian.com: | ($ 17,748.91) |
| 25 | sorucevap: | ($ 17,590.23) |
| 26 | minority-report: | ($ 17,348.58) |
| 27 | robertking: | ($ 17,037.49) |
| 28 | fall: | ($ 16,299.71) |
| 29 | corn113: | ($ 15,998.09) |
| 30 | skt: | ($ 15,886.52) |
| 31 | booster: | ($ 14,820.47) |
| 32 | ssg: | ($ 14,307.00) |
| 33 | krexchange: | ($ 12,359.34) |
| 34 | sander-lacerda: | ($ 12,317.58) |
| 35 | bitcoincompany: | ($ 12,126.70) |
| 36 | storcogato: | ($ 12,007.17) |
| 37 | black-hole: | ($ 11,531.84) |
| 38 | kwak: | ($ 11,169.67) |
| 39 | cryptonyan: | ($ 11,164.06) |
| 40 | grumpycat: | ($ 10,986.79) |
| 41 | velimir: | ($ 10,983.53) |
| 42 | steem-pays: | ($ 10,853.92) |
| 43 | paywithsteem: | ($ 10,752.36) |
| 44 | craig-grant: | ($ 10,399.47) |
| 45 | healings: | ($ 10,391.09) |
| 46 | chainsquad: | ($ 10,201.06) |
| 47 | kakaotalk: | ($ 9,939.39) |
| 48 | umkin: | ($ 9,664.21) |
| 49 | holic7: | ($ 9,600.41) |
| 50 | pushup: | ($ 9,360.16) |
TOP 50 DEPOSITS THIS WEEK
| Account | Net Transfer Amount | |
|---|---|---|
| 1 | neworleans: | $ 93,180.66 |
| 2 | pi50000: | $ 78,130.70 |
| 3 | rhanna10km: | $ 72,255.60 |
| 4 | ryanyi: | $ 53,246.65 |
| 5 | bluemist: | $ 48,906.58 |
| 6 | rhodium: | $ 38,337.64 |
| 7 | z8teyb289qav9z: | $ 36,789.50 |
| 8 | isi3: | $ 36,133.55 |
| 9 | kwiba1592: | $ 35,916.58 |
| 10 | r2cornell: | $ 34,505.06 |
| 11 | aquabox: | $ 33,594.27 |
| 12 | dj123: | $ 20,709.55 |
| 13 | mshahabi: | $ 19,408.21 |
| 14 | technerd888: | $ 18,458.74 |
| 15 | themightyvolcano: | $ 17,874.26 |
| 16 | gopaxkr: | $ 17,748.91 |
| 17 | holabebe: | $ 17,477.51 |
| 18 | sktelecom: | $ 16,005.42 |
| 19 | thewave: | $ 14,568.20 |
| 20 | firepower: | $ 13,242.88 |
| 21 | zyp: | $ 13,138.41 |
| 22 | mpw: | $ 12,925.51 |
| 23 | verodato: | $ 12,316.28 |
| 24 | brunojanvier: | $ 11,095.94 |
| 25 | shinhancard: | $ 10,833.04 |
| 26 | happychau123: | $ 10,648.18 |
| 27 | sun510: | $ 10,534.87 |
| 28 | vonabell: | $ 10,239.80 |
| 29 | a1a: | $ 9,178.15 |
| 30 | coinsity: | $ 9,094.88 |
| 31 | eunyx: | $ 9,055.56 |
| 32 | crypto2crypto: | $ 9,022.61 |
| 33 | mariuszkarowski: | $ 8,716.78 |
| 34 | dengdeng: | $ 8,333.27 |
| 35 | wonsama: | $ 8,313.85 |
| 36 | valen235: | $ 7,986.94 |
| 37 | flysky: | $ 7,842.49 |
| 38 | ramblin-bob: | $ 7,795.87 |
| 39 | maxiom: | $ 7,562.01 |
| 40 | statistician: | $ 7,365.55 |
| 41 | fur2002ks: | $ 7,248.07 |
| 42 | alastrom: | $ 7,206.02 |
| 43 | drorion: | $ 7,198.05 |
| 44 | ownyoo: | $ 7,196.74 |
| 45 | steemitlsh: | $ 7,109.55 |
| 46 | rob.roche: | $ 6,958.06 |
| 47 | nameless-berk: | $ 6,755.07 |
| 48 | mexbit: | $ 6,684.37 |
| 49 | puzzlingestate: | $ 6,660.11 |
| 50 | pinacle: | $ 6,418.17 |
Withdrawal to Deposit Ratio by User Count over Time
click the image for an interactive graph
Commentary
The withdrawal ratio came back down to 2.40 to 1. Maybe more deposits on upbit helped?
I updated the report to sort the exchanges by total USD amount so the top of the list shows the most money going to an exchange (i.e. someone is withdrawing money from their STEEM account and sending it to an exchange) and the bottom of the list shows the most money coming off an exchange and being deposited into an account. It's a little confusing though since many of the exchanges seem to be transferring funds between themselves as well.
The top of the deposit list belongs to @neworleans who seems to be supporting a lot of steem delegation and bot services.
Hi @lukestokes thanks for bringing this great report again. Always great to see the numbers that helps us think what they mean. I believe many more people are selling a bit of bitcoin or other cryptocurrency and coming to the platform to invest in SP, and then delegate to bots and services..
By the way, I wanted to let you know I made a post about you, why I voted for you as Witness and to give you huge thanks for your Steem Power Delegation to @steem-ambassador , because I truly believe that what you always do if think on the long term growth of the entire steem ecosystem, so if you chose the promo-steem project is because you find a lot of value in it.
Here is the post I made:
https://steemit.com/promo-steem/@gold84/why-i-voted-lukestokes-mhth-as-witness-thanks-lukestokes-for-delegating-to-steem-ambassador-without-thinking-about-or-looking
Looking forward to your feedback!
Regards, @gold84
Thanks so much for the shout out! I left a reply and resteemed. Glad to give @steem-ambassador some more attention.
Huge thanks to you @lukestokes for all the support you are giving and actions you are taking to help the entire Steem ecosystem grow in the long term. Many will continue following your example.
Regards, @gold84
let us all take steemit to great height
great info @lukestokes ... Im considering selling my sbd since the price seems to keep decreasing and its original value is supossed to be 1usd... whats your take on this? Do you expect any price rise?
I never expect the price of SBD to rise, and I'm always confused when it does. I sell as soon as I get it as I prefer STEEM. That's where the long-term value is.
That should be true, @lukestokes. But how can you explain the recent prices of SBD? If we do not understand the reason for the price rise, we might take a wrong and costly decision here.
It's pure speculation, like many other cryptocurrency coins. From one perspective, SBD is a far better currency than Bitcoin:
etc, etc, etc. I could go on and on.
Ultimately, value is determined in the moment of transaction by those who choose to participate. To me, there's little sense in having two speculative tokens in the core of the STEEM blockchain. If people want to speculate, buy STEEM. I see throwing away an opportunity to have a stable pegged currency as a costly long-term decision, but I'm also not willing to destroy the great rewards the community is enjoying right now.
Thank you, @lukestokes for the detailed answer.
I believe that the high price of SBD helped give Steem a lot of attention.
Long-term is key. :) Best wishes to you. - @splendorhub
Exactly how I feel~*~
This post has been Resteemed and Upvoted by @sibbir.
Dear friend @lukestokes i come to your blog after long days, D: thank you for sharing with us.
Thanks for your valuable and Didactive post about Exchange Transfer Report.We can take out a lot of information by your post.
By dint of we can increase our skill that is beneficial for all steemians.
I will always visit your site & wait for your upcoming post.
Thanks .
@Resteem & follow has done.
Congratulations @lukestokes! You have received a vote as part of @raserrano donation to this project.
I will be able to help more #minnows
When you copy/paste or repeatedly type the same comments you could be mistaken for a bot.
Tips to avoid being flagged
Thank You! ⚜
What is that on your t-shirt Luke?
No rulers. :)
(Anarchy means "without archons" or "without rulers")
It's about building a peaceful, voluntary society not based on coercion. You can learn more here.
Really you're giving a very good information sharing with us, thank you dear friend @lukestokes for this post
Very good picture and your story
Wow all of this information is incredible, true transparency! The $ amounts are just crazy! Thanks for sharing this. @journeyfreedom