Collapse reshuffle month, OKEx, Huobi and currency and security fund flow trend revealed

inLast post, we have from the point of view of big data in the chain of parsing the march is the overall situation of the data, in the following content, we will from the currency, Huobi, Ann Okex such details, the head of the trading platform data back in March the three giant trading platform on the chain of data trends, yes, in this time of the report we joined Okex trading platform.

From the whole march, that is, from March 1 to March 31, the currency exchange platform inflow 403454.86 BTC, outflow 414745.88 BTC, net inflow -11291.02 BTC, compared with the net inflow of 13458.55 BTC in February 2020, there is a significant decline and then into the net outflow, from other trading platform data comparison, this is the overall trend of the head trading platform.

From 2020 on March 31 natural day, in the currency price volatility, currency Ann's currency inflows number also can appear larger fluctuation, appeared during the slump in prices once the currency sharply, but the bottom price shocks during more COINS into the trading platform, since currency price stabilization has a large number of COINS out again, we don't rule out side is panic selling, appeared in the field with one side is bottom sweep the situation of the goods, the so-called "shuffle".

In terms of the data of march, the inflow of currency exchange platform 403454.86 BTC was 74.06% higher than that of February, while the outflow of 414745.88btc was 89.97% higher than that of February, and the net inflow of -11291.02 BTC was 183.89% lower than that of February. Obviously, the key period of significant improvement of relevant data is still from the period after the plunge on March 12 to March 20.

According to the comparison between the net inflow of safe currency and the price in February and march in 2020, in the fall of the currency at the end of February, due to the relatively slow rhythm, it triggered a continuous net inflow of bitcoin. However, in the period of march when the currency price fluctuated violently, the rhythm of investors would be chaotic.

Let's take another look at Huobi. In March 2020, Huobi's trading platform saw an inflow of 310906.13btc, up 62.99% from the previous month. Meanwhile, outflows of 345789.77btc increased by 58.99% from the previous month. Monthly net inflow -34883.64BTC, down 30.50% from the previous month.

In terms of the daily inflow and outflow trend of Huobi in February and march, the data from March 12 to March 20 increased significantly compared with the same period last year.

From the comparison of Huobi's net bitcoin inflow and price in February and March 2020, Huobi's bitcoin has been in a net outflow state in the last two months, especially after the big drop on March 12. In this regard, we cannot rule out the influence of OTC transactions with a large market share on Huobi trading platform, that is, it is likely that the bitcoin stored on the platform will be transferred to other addresses after the OTC transactions.

Okex inflows in March 2020 were 217032.54btc, up 65.01% from the previous month. Meanwhile, the outflow of 238,167.28btc was 74.73% higher than that of the previous month. Monthly net inflow - 21134.74btc, down 342.56% from the previous month.

Specifically, the daily inflow and outflow trend of Okex in February and march is compared. In the most turbulent period of the market on March 13, the data of Okex can be similar to that of won-an and Huobi, but the decline is also faster than other two trading platforms.

From the comparison of net inflow and price of Okex in February and march in 2020, the overall state of net outflow is shown, especially after the decline of 3.12.

Next, let's take a look at which trading platforms did the BTC proposed by coinan, Huobi and Okex flow to in March? Through our analysis, we listed the data of the top 20 trading platforms that can be identified.

On the whole, Bitmex, coinbase and Huobi are the top three major bitcoin outflows from Binance. In fact, after the collapse of March 12, Bitmex, as an important player in the global bitcoin contract transaction, also became the focus of the market and experienced an outage.

Among the main bitcoin outflows from Huobi, Binance, Okex and Bitmex are the top three. Interestingly, the amount of bitcoin flowing from Huobi to an bitcoin is the same as the amount of bitcoin flowing from an bitcoin to Huobi. It can be seen that users of the two major trading platforms still have frequent exchanges.

Among the main bitcoin outflows from Okex, Huobi, Binance and coinbase are the top three. From the perspective of the bitcoin exchanges between Huobi and Okex, the users of the two trading platforms also have a high degree of correlation.

Through the pie chart, we can get a more intuitive understanding of the major bitcoin outflows from the trading platform in March.

March was an eventful month, with the outbreak of the global epidemic and the ups and downs of the international financial markets. The price of bitcoin was also linked to a huge earthquake. From this perspective, the plunge on March 12 is not an isolated phenomenon in the field of digital assets. Although the correlation between the price of bitcoin and other assets has yet to be confirmed, it is by no means possible to get out of the "independent market". Perhaps, from the more authentic data on the chain, we can try to issue more truth.

Next, stay tuned for the final part of the march data report, which is the ERC20 USDT, which was issued in a frenzy in March. Where did all the "dollars" go?

Disclaimer: the above data is obtained by Beijing chainan ChainsMap system based on the analysis of the public information on the bitcoin network chain. It is only for data research and analysis, and does not guarantee the absolute accuracy. We welcome all parties in the industry to testify and discuss together.

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