CryptoQuant User Guide
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  • 🔍What is CryptoQuant
    • Introduction
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      • What is On-Chain Data?
      • What are Entities?
      • What is a UTxO?
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  • 🎯QuickStart
    • 5 Minute Data Guide
      • 3 Key On-Chain Metrics
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      • 1. Charting Overview
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        • Miner Selling
        • Whale Accumulation
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  • 📊CryptoQuant Metrics
    • Exchange Flows/Indicators
      • Exchange In/Outflow and Netflow
      • Exchange Reserve
      • Exchange to Exchange
      • Exchange Addresses Count
      • Exchange Transactions Count
      • Fund Flow Ratio
      • Exchange Supply Ratio
      • Exchange Inflow CDD
      • Exchange Inflow - Spent Output Age Bands
      • Exchange Inflow - Spent Output Value Bands
    • Miner Flows/Indicators
      • Miner Outflow
      • Miner to Exchange
      • Miners' Position Index (MPI)
      • Miner Supply Ratio
    • UTxO Data/Indicators
      • Profit and Loss (UTxO)
      • Profit and Loss (Supply)
      • Coin Days Destroyed (CDD)
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      • Mean Coin Age (MCA)
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        • aSOPR (Adjusted SOPR)
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        • LTH-SOPR
        • SOPR Ratio (LTH-SOPR/STH-SOPR)
      • Net Unrealized Profit/Loss (NUPL)
      • UTXO Bands (Age)
        • UTXO Age Bands
        • Realized Cap - UTXO Age Bands
        • Realized Price - UTXO Age Bands
        • UTXO Count - Age Bands
        • Spent Output Age Bands
      • UTXO Bands (Value)
        • UTXO Value Bands
        • Realized Cap - UTXO Value Bands USD
        • UTXO Count - Value Bands
        • Spent Output Value Bands
    • Market Data/Indicators
      • Open Interest
      • Funding Rates
      • Estimated Leverage Ratio
      • Taker Buy Sell Volume/Ratio
      • Capitalization models
      • Realized Price
      • Exchange Whale Ratio
      • MVRV (Market Value to Realized Value) Ratio
    • Network Indicators
      • NVT Ratio
      • NVT Golden Cross
      • Puell Multiple
      • Stock to Flow Ratio
      • Stock to Flow Reversion
      • NVM Ratio
    • Stablecoin Exchange Flows/Indicators
      • Stablecoin Network Data
      • Stablecoin Exchange In/Outflow & Netflow
      • Stablecoin Exchange Reserve
      • Stablecoin Exchange Addresses Count
      • Stablecoin Exchange Transactions Count
      • Stablecoins Ratio
      • Stablecoin Supply Ratio (SSR)
    • Fund Data & Premium
      • Grayscale Bitcoin Trust (GBTC)
        • GBTC Digital Asset Holdings
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      • Grayscale Ethereum Trust (ETHE)
        • ETHE Digital Asset Holdings
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      • Coinbase Premium
      • Korea Premium Index
      • Bank Supply Ratio
  • 🛠️Web3 Analytics Tool
    • Overview
    • Cohort Data Navigation
    • Query Data Navigation
    • How to Use(Query Tool)
      • 1. DateTime Aggregation
      • 2. Query Block - Metric
      • 3. Query Block - Where
      • 4. Query Block - Group by
      • 5. Query Block - Join
      • 6. Query Block - Order by
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      • 8. Editing the Result
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        • Pie
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On this page
  • Definition
  • Interpretation
  • By value itself
  • By examining trend
  • About Miners' Outflow to the exchange
  • Link to Our Data

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  1. CryptoQuant Metrics
  2. Miner Flows/Indicators

Miner to Exchange

The total amount of coins transferred from mining pool to exchange wallets.

Definition

The total amount of coins transferred from the mining pool to exchange wallets.

Metrics

Description

Flow Total

The total amount of BTC transferred from a mining pool to exchange wallets.

Flow Mean

The mean amount of BTC transferred from a mining pool to exchange wallets.

Transactions Count Flow

The number of transactions from a mining pool to exchange wallets.

The mean value is the Flow Total divided by the Transactions Count Flow. Data entries were collected from the first transaction between two entities.

Interpretation

Identify if mining pool affiliated miners are preparing to sell coins.

Unlike Miner Outflow, it only tracks the movement between Miner and Exchanges.

By value itself

  • High : A lot of miners' coins are exposed to selling - Bearish

  • Low : only a few of miners' coins are exposed to selling - Bullish

By examining trend

  • Increasing : Miners' selling power is increasing - Bearish

  • Decreasing : Miners' selling power is decreasing - Bullish

About Miners' Outflow to the exchange

Moving to the exchanges for possible selling - Bearish

Moving their coins to the exchanges includes the purposes of selling to cover the cost or to prepare for possible sell. Miner's selling actions include the immediate need to cover the cost or to gain excess gains by selling at the price they consider to be over-valued. Both cases are correlated to sell action which naturally lead to interpret this reason to the price drop which indicates a bearish sign.

Link to Our Data

PreviousMiner OutflowNextMiners' Position Index (MPI)

Last updated 1 year ago

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📊
Miner to Exchange in CryptoQuant Data API docs