2017-11-12 Update: Big thanks to @isacoin who noticed some missing deposits from this report. A while back I excluded exchange transfers without memos to help avoid transactions which looked like exchange transfers but were actually transfers between exchange account owners (such as between @alpha and @blocktrades). By excluding transfers without memos, the report was missing a whole lot of valid deposits! This makes the deposit to withdrawal ratio much better at 2.24 to 1 instead of 7.74 to 1.
It's discouraging to realize this report hasn't been done accurately, but no one's perfect, and I've always tried to do my best to keep it as accurate as possible. I'm always open to correction and will continue to work at improving things.
I'm going to start a new deposit to withdrawal graph going forward based on this new information.
USD values are calculated per day via API feeds from Poloniex (for STEEM and SBD values in BTC) and Coindesk (for USD value of BTC). For the top 50 reports in USD terms, I take the average USD value for STEEM and SBD for the week using the daily average which came out to:
- STEEM: $0.89878
- SBD: $0.97239
Previous Report:
- STEEM: $0.94657
- SBD: $1.01445
Assumptions
Please see the first report for a detailed explanation of my personal assumptions related to what this data could mean (along with commentary on previous reports). What it does not show is people powering up, powering down, or if they are buying or selling on an exchange. It's just some interesting data dealing with transfers to and from exchange accounts.
Linked Accounts
hitbtc includes hitbtc-exchange and hitbtc-payout, freewallet.org includes freewallet, and openledger includes openledger-dex.
Previous Reports
65, 64, 63, 62, 61, 60, 59, 58, 57, 56, 55, 54, 53, 52, 51, 50, 49, 48, 47, 46, 45, 44, 43, 42, 41, 40, 39, 38, 37, 36, 35, 34, 33, 32, 31, 30, 29, 28, 27, 26, 25, 24, 23, 22, 21, 20, 19, 18, 17, 16, 15, 14, 13, 12, 11, 10, 9, 8, 7, 6, 5, 4, 3, 2, 1
Top 50 Accounts Transferring to and from Exchanges: 11/05/2017 to 11/11/2017
First included transfer: 2017-11-05T00:00:39+00:00
Last included transfer: 2017-11-11T23:57:51+00:00
----------------------------- Exchanges ------------------------------
@poloniex STEEM transfer total: -648,761.749
@poloniex SBD transfer total: -88,596.350
@bittrex STEEM transfer total: 1,141,742.478
@bittrex SBD transfer total: 129,435.889
@blocktrades STEEM transfer total: 287,356.189
@blocktrades SBD transfer total: 11,266.953
@openledger STEEM transfer total: 50,067.999
@openledger SBD transfer total: -4,303.785
@hitbtc STEEM transfer total: 610.698
@hitbtc SBD transfer total: 1,271.327
@changelly STEEM transfer total: 39,499.561
@changelly SBD transfer total: -1,253.168
@freewallet.org STEEM transfer total: -5,682.329
@freewallet.org SBD transfer total: 0.000
@livecoin.net STEEM transfer total: -26,532.649
@livecoin.net SBD transfer total: 0.000
@coinpayments.net STEEM transfer total: 16,240.565
@coinpayments.net SBD transfer total: -5.311
------------------------- Total Transferred --------------------------
Total STEEM transferred: -854,540.763
Total SBD transferred: -47,815.555
Total USD transferred: ($ 814,542.43)
-------------------- Withdrawal to Deposit Ratio ---------------------
Accounts withdrawing: 2673
Average withdrawal amount: ($ 581.69)
Median withdrawal amount: ($ 17.98)
Accounts depositing: 1192
Average deposit amount: $ 276.96
Median deposit amount: $ 58.30
Ratio of withdrawals to deposits: 2.24/1
TOP 50 WITHDRAWALS
| Account | Net Transfer Amount | |
|---|---|---|
| 1 | alpha: | ($ 322,663.33) |
| 2 | dan: | ($ 146,501.74) |
| 3 | renohq: | ($ 132,893.82) |
| 4 | alot: | ($ 89,878.37) |
| 5 | alittle: | ($ 89,878.37) |
| 6 | smooth-a: | ($ 48,944.81) |
| 7 | enki: | ($ 42,836.90) |
| 8 | tamim: | ($ 39,186.82) |
| 9 | ngc: | ($ 36,843.57) |
| 10 | jwest40: | ($ 35,951.35) |
| 11 | gavvet: | ($ 32,038.92) |
| 12 | transisto: | ($ 27,797.26) |
| 13 | newsflash: | ($ 24,665.98) |
| 14 | mesuerdo: | ($ 23,593.05) |
| 15 | amcq: | ($ 17,975.67) |
| 16 | feruz: | ($ 13,907.39) |
| 17 | craig-grant: | ($ 9,772.41) |
| 18 | twinner: | ($ 9,036.51) |
| 19 | korbit: | ($ 7,055.43) |
| 20 | famunger: | ($ 6,914.90) |
| 21 | pfunk3: | ($ 6,740.88) |
| 22 | benjojo: | ($ 6,541.35) |
| 23 | jaewoocho: | ($ 6,291.49) |
| 24 | teamsteem: | ($ 6,111.73) |
| 25 | ffcrossculture: | ($ 5,338.77) |
| 26 | palejack: | ($ 5,302.89) |
| 27 | jkkim: | ($ 5,154.81) |
| 28 | gigafart: | ($ 4,899.69) |
| 29 | xeroc: | ($ 4,761.05) |
| 30 | danjgreco: | ($ 4,570.07) |
| 31 | fatboy: | ($ 4,503.02) |
| 32 | anyx: | ($ 4,487.85) |
| 33 | teemup: | ($ 3,727.06) |
| 34 | donaldtrumpfan: | ($ 3,715.57) |
| 35 | virtualgrowth: | ($ 3,597.32) |
| 36 | superremnant: | ($ 3,577.82) |
| 37 | peacephilpanda: | ($ 3,572.90) |
| 38 | themarkymark: | ($ 3,456.62) |
| 39 | greatpath: | ($ 3,326.69) |
| 40 | aksinya: | ($ 2,843.55) |
| 41 | booster: | ($ 2,707.74) |
| 42 | tguelzow: | ($ 2,622.64) |
| 43 | davebrewer: | ($ 2,586.70) |
| 44 | eco-alex: | ($ 2,427.61) |
| 45 | timcliff: | ($ 2,426.72) |
| 46 | ajvest: | ($ 2,312.68) |
| 47 | norbu: | ($ 2,246.96) |
| 48 | ikigai: | ($ 2,157.08) |
| 49 | thecryptofiend: | ($ 2,113.94) |
| 50 | deaddy: | ($ 2,110.24) |
TOP 50 DEPOSITS
| Account | Net Transfer Amount | |
|---|---|---|
| 1 | : | $ 89,878.37 |
| 2 | muchfun: | $ 71,902.69 |
| 3 | fminerten: | $ 44,939.18 |
| 4 | solisrex: | $ 36,525.94 |
| 5 | spas: | $ 24,267.13 |
| 6 | czechglobalhosts: | $ 22,500.50 |
| 7 | triplej: | $ 19,459.89 |
| 8 | coolmnr: | $ 16,729.35 |
| 9 | steps: | $ 12,013.27 |
| 10 | slowwalker: | $ 11,476.37 |
| 11 | tufkat: | $ 10,695.53 |
| 12 | danbain: | $ 10,129.72 |
| 13 | bwd57: | $ 9,072.63 |
| 14 | noah326: | $ 8,251.32 |
| 15 | sheppards: | $ 6,839.15 |
| 16 | daniel82: | $ 6,783.46 |
| 17 | albensilverberg: | $ 6,112.86 |
| 18 | rockz: | $ 5,779.86 |
| 19 | tradeqwik: | $ 5,678.59 |
| 20 | cnts: | $ 5,580.30 |
| 21 | honeydew2002: | $ 5,378.72 |
| 22 | spectrumecons: | $ 5,316.64 |
| 23 | msf: | $ 5,245.27 |
| 24 | everythink: | $ 5,132.07 |
| 25 | ibb: | $ 5,026.72 |
| 26 | mwkm: | $ 4,996.48 |
| 27 | anonymous.donor: | $ 4,548.51 |
| 28 | imacryptorick: | $ 3,818.40 |
| 29 | dollspoint: | $ 3,602.97 |
| 30 | handmade: | $ 3,571.51 |
| 31 | mhaebig: | $ 3,361.91 |
| 32 | golbang: | $ 2,895.75 |
| 33 | happyworkingmom: | $ 2,891.13 |
| 34 | swam: | $ 2,885.10 |
| 35 | kinbit: | $ 2,697.24 |
| 36 | alexanderson: | $ 2,696.33 |
| 37 | standingstart: | $ 2,658.09 |
| 38 | noisy: | $ 2,623.77 |
| 39 | rahulkagar: | $ 2,616.24 |
| 40 | rudex: | $ 2,584.25 |
| 41 | jarendesta: | $ 2,525.59 |
| 42 | globalvanguard: | $ 2,491.42 |
| 43 | nidin: | $ 2,478.59 |
| 44 | double-u: | $ 2,305.40 |
| 45 | rbacpa7755: | $ 2,246.95 |
| 46 | uplus: | $ 2,211.78 |
| 47 | fractalnode: | $ 2,130.15 |
| 48 | chrislo2004: | $ 2,104.51 |
| 49 | splus: | $ 2,099.26 |
| 50 | judasp: | $ 1,991.63 |
Commentary
The withdrawal to deposit ratio is down from last week but still high at 7.74 to 1.Turns out, it's more accurately 2.24 to 1.Over a million dollars heading out to exchanges this week.With the deposits added that were missing, it looks more like $814kSeems @dan is topping out the cash out list at $146k this week.Actually, @alpha tops that, but that may not be accurate as I also see a transfer from blocktrades to itself as Steem Power (that's the blank deposit listed above) in the same amount as one of the transfers from @alpha.Reminder, just because someone is moving money to an exchange, it doesn't mean they intend to sell. I had an interesting discussion about that at SteemFest last week. Some people move to exchanges for various long-term holding tax benefits. Strange, but that's what I was told.
The decline in people powering down next week is 36.51% in the green compared to the previous week.
