Btc, eth, usdt - exchanges inflows and outflows in the last week (31.05)

Just a short summary of last weeks crypto flows into and out of exchanges.

For BTC: $12.9B in, $12.7B out, resulting in Net Flow of +$252.9M 

Volatility in both directions has subsided, diminished by roughly half. Net Flow is still positive (which in bearish) but has a declining tendency. We are not out of the woods, but seems like panic has stopped and the market is waiting for new developments.

For ETH: $8.0B in, $10.3B out, resulting in Net Flow of -$2.3B

ETH keeps leaving the exchanges at a very high pace. Even the last dip did not stop this tendency and now it's back at a full swing like the dip never happen. Both inflow and outflow got smaller but the tendency is clear as ever. 

For USDT (ERC20): $6.5B in, $7.3B out, resulting in Net Flow of -$766.3M

Flows of USDT got also substantially smaller - another sign that speaks of market uncertainty. Net Flow got clearly negative, unfortunately a bullish sign and quite a strong turn from previous week high positive figure. While stablecoins supply is large on the market this is a sign that less "fresh blood" is circulating in the system. 

As a reminder:

BTC and ETH flowing into exchanges is considered bearish, under the assumption such assets will be sold increasing the supply and pushing the price down.

Opposite is true for flows out of exchanges - it is considered bullish since this limits the supply available for buyers, so should result in prices of BTC and ETH rising.

With USDT directions are reversed. It is a stablecoin so its movement don't reflect on its price (always $1), but inflow of USDT to exchanges is perceived as an increasing demand for other crypto and outflow from exchanges as a bearish sign, since there is less "money" that could potentially buy other crypto. 

May your coins be like cats - eager to climb and unable to come down,

Cryptocat

All tips go to cat treats and catnip :) 

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This is not a financial advice – I’m no financial adviser, nor is this a legal advice – although I’m a lawyer. This is no advice at all, seriously, don’t take advice from random cats – the Internet is full of them! DYOR!