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RE: Complementary Statistics about Exchange Transfer Report
Arg, sorry for the typo and fixed! 😉
You are understanding is very correct. While I sold some STEEM and bought back SBD, I found that they were offset and omitted from the record. But actually I somewhat pushed down STEEM price and pulled up SBD price, so this trading made impacts on each market, respectively.
Ah, interesting. I see what you mean. Yeah, there are a lot of dynamics to the economics here and many of us are still trying to figure out how (or if) it works.
Still missing an "s" on that last user name reference. :)
True, however, it is important to recognize that exchange transfers don't correspond directly with trading. This has been discussed quite a bit in comments on the @lukestokes posts.
There has been a huge net outflow from personal blockchain accounts to exchange accounts both over time and almost every single individual week.
We don't know for sure that all that outflow corresponds with selling (it could instead be held at the exchange waiting to sell later, potentially at higher prices), and for sure we know that if it does then inflow does not correspond directly with buying because every sale has a buyer, yet a large number of those buyers (or at least a large net quantity of coins) do not turn those buys into corresponding inflows.
Still potentially interesting data. I've never really understood what the exchange transfer reports are telling us overall.