I use Bitcoin Inflow data from top cryptocurrency exchanges. These metrics are then smoothed with a 30-day moving average to eliminate noise. When the metric drops below 1, it indicates that selling pressure is minimal.
To determine the overall trend, I conduct a comprehensive analysis that includes U.S. macroeconomic data, buying/selling pressure on the spot market, and, more recently, ETFs. Additionally, I incorporate futures market data and on-chain metrics, which may include miner sentiment, stablecoin activity, and network movement dynamics.
Nice review!
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Can you share how do you define trend using Exchange Inflow? Or what data do you use to defind trend?
I use Bitcoin Inflow data from top cryptocurrency exchanges. These metrics are then smoothed with a 30-day moving average to eliminate noise. When the metric drops below 1, it indicates that selling pressure is minimal.
To determine the overall trend, I conduct a comprehensive analysis that includes U.S. macroeconomic data, buying/selling pressure on the spot market, and, more recently, ETFs. Additionally, I incorporate futures market data and on-chain metrics, which may include miner sentiment, stablecoin activity, and network movement dynamics.
Thanks for the reply. Meaning for the red colour part in the first graph, involved all the macroeconomics data?
Nope.
If so may I know how do you define the red coloured part?
Inflow values exceeding a certain threshold are highlighted in red.