Average BTC per transaction: daily inflow divided by inflow transactions, and daily outflow divided by outflow transactions.

Calculated by BGeometrics from our own Bitcoin full node, using a set of addresses labelled as belonging to exchanges. Inflow is the BTC received by those addresses during the day; outflow is the BTC spent from them.

Spikes in the mean inflow size suggest large holders depositing coins, which can come before selling. Spikes in the mean outflow size usually reflect large withdrawals to custody or internal exchange movements.

Address labelling never covers every exchange wallet, so absolute levels are an estimate; trends and large moves are more reliable than the exact figure.

API (subscription): Mean inflow · Mean outflow