Transfer from Exchange Addresses (Outflow) - All
Transfer from Exchange Addresses (Outflow) – All measures the total amount of ICP sent from all known exchange addresses, capturing the cumulative outflow of tokens from exchanges over a given period. This metric aggregates transfers using our continuously updated labeled dataset, with addresses identified through publicly available sources, official exchange disclosures, and internal research.
How it’s calculated
- Each transaction moving ICP from a labeled exchange address to any other address is counted toward total outflow.
- Addresses are continuously verified and labeled, and outflows are updated as new information becomes available.
- Values may fluctuate over time, particularly for recent periods, due to new labeling or newly discovered addresses.
What this metric highlights
- Provides insight into exchange withdrawal activity, showing when ICP is leaving exchange custody.
- Rising outflows may indicate accumulation off-exchange, long-term holding, or strategic transfers, potentially reducing available market supply.
- Helps track network-wide behavior trends related to exchange-held ICP and liquidity dynamics.
Limitations
- Partial coverage: Not all exchange addresses are publicly disclosed; some outflows may be untracked.
- Dynamic and variable: Token movements can occur rapidly, so outflow values are snapshots that may change as new addresses or transactions are labeled.
- Does not indicate intent: Transfers could reflect trading, staking, custody management, or other operational purposes.
- Informational purposes only: This metric is a proxy for exchange outflow activity, not a definitive measurement of market behavior or liquidity.
Disclaimer: The information provided in the descriptions above is for informational and educational purposes only and is intended as a general overview of the referenced metrics. These descriptions are illustrative, descriptive, and non-exhaustive; additional interpretations, use cases, and limitations may exist that are not covered here. Nothing herein should be construed as financial, investment, legal, tax, or professional advice, nor should it be relied upon as the sole basis for any decision-making process. All users should conduct their own independent research, validate data through multiple sources, and consult with qualified professionals where appropriate. The content provided does not guarantee accuracy, completeness, or reliability, and no representation or warranty is made regarding its correctness. The metrics, interpretations, and examples mentioned are subject to change over time and may not reflect all possible scenarios or market conditions. By using this information, you acknowledge that you do so at your own discretion and responsibility. No advisory, fiduciary, or client relationship is created through the use or reading of this material.