We're performing system maintenance on alert service due to clustering issues. Will provide updates as soon as complete it and restart the alert.

11,257 $BTC flowed out from BitMEX to all other exchanges. Mostly went to #Binance, #Gemini, and #Kraken.

https://cryptoquant.com/overview/full/157?window=hour

📉 Unusual Miner Outflows
858 #BTC ($9,109,728)
aggregated outflows from multiple miners 8 minutes 16 seconds ago

Be careful volatility as possibly sending coins to exchanges (No effect on price if it's OTC trade)

1. Small_miner 796 BTC (92%)
2. Btc.top 59 BTC (6%)
3. Unknown_m1 3 BTC (0%)


View Chart | @cryptoquant_alert

🚨 Unusual Miner Outflows
531 #BTC ($5,619,140)
aggregated outflows from multiple miners 4 minutes 7 seconds ago

Be careful volatility as possibly sending coins to exchanges (No effect on price if it's OTC trade)

1. Unknown_m1 531 BTC (99%)
2. Viabtc 0 BTC (0%)
3. Poolin 0 BTC (0%)


View Chart | @cryptoquant_alert

BitMEX has fallen from fourth place to sixth in a week on the BTC exchange reserve rank.

<BTC Reserve this week>
1. Coinbase 861,117 (+0.00%)
2. Huobi Global 296,856 (-0.14%)
3. Binance 292,274 (-1.81%)
4. Gemini 171,350 (+3.40%)
5. Bitfinex 127,404 (+0.21%)
6. BitMEX 120,889 (-38.4%)

https://cryptoquant.com/overview/full/206?window=day

Just finished fixing the clustering issues and resumed the alert system.

$BTC is still undervalued according to NVM ratio.

One of the promising on-chain valuation models is NVM(Network Value to Metcalfe) ratio.

“Metcalfe's Law,” says that a network's value is proportional to the square of the number of nodes(addresses) in the network.

View Chart | What's NVM?

#OKEX outflow became zero after suspending withdrawals. $BTC plunged sharply right after the OKEX's announcement.

View Charts

🐳🐳 2,152 #BTC ($24,347,899)
aggregated inflows to #Binance

Be careful volatility due to increased trading volume
View Chart | @cryptoquant_alert

✅ Unusual Exchange Outflows
7,116 #BTC ($80,520,082)
aggregated outflows from multiple exchanges in an hour

Reduce downside risk as not selling coins on exchanges

1. Gemini 5,195 BTC (73%)
2. Huobi Global 669 BTC (9%)
3. Binance 427 BTC (5%)


View Chart | @cryptoquant_alert

🐳 1,015 #BTC ($11,452,012)
aggregated inflows to #Binance

Be careful volatility due to increased trading volume
View Chart | @cryptoquant_alert

🚨 Unusual Miner Outflows
545 #BTC ($6,170,670)
aggregated outflows from multiple miners

Be careful volatility as possibly sending coins to exchanges (No effect on price if it's OTC trade)

1. Unknown_m1 545 BTC (99%)
2. Viabtc 0 BTC (0%)
3. Poolin 0 BTC (0%)


View Chart | @cryptoquant_alert

🐳 1,140 #BTC ($12,937,579)
aggregated inflows to #Binance

Be careful volatility due to increased trading volume
View Chart | @cryptoquant_alert