GuideAPI Doc

Exchange Flows

Measure the total volume of assets moving into and out of centralized exchanges, indicating investor sentiment and potential market pressure.

Overview
Exchange flow metrics track the movement of coins between personal wallets and exchange wallets. These flows help identify accumulation (withdrawals/outflows) and distribution (deposits/inflows) behaviour. Monitoring netflows provides insight into liquidity dynamics and directional sentiment in the crypto market.

  • Inflow: coins sent to exchanges — potential selling pressure.

  • Outflow: coins withdrawn from exchanges — accumulation or self-custody.

  • Netflow: difference between inflow and outflow — overall capital direction.

Formula

E x c h a n g e I n f l o w t = ∑ D e p o s i t s t ExchangeInflow_t = \sum Deposits_{t}
E x c h a n g e O u t f l o w t = ∑ W i t h d r a w a l s t ExchangeOutflow_t = \sum Withdrawals_{t}
N e t f l o w t = E x c h a n g e I n f l o w t − E x c h a n g e O u t f l o w t Netflow_t = ExchangeInflow_t - ExchangeOutflow_t

Interpretation

  • Positive Netflow (Inflow > Outflow): potential selling pressure or fear.

  • Negative Netflow (Outflow > Inflow): accumulation, self-custody trend.

  • Rising Withdrawal Count: retail or institutional holders moving coins off exchanges.

Insights
Exchange flows often act as leading indicators of market sentiment. Large inflows may precede corrections, while spikes in outflows often follow bottom formations, showing growing confidence in long-term holding.

Available Metrics