To enhance behavioral analysis and bring greater transparency to on-chain data connected with the Bitcoin market, we have developed a SQL-based tool that calculates the daily ratio of Bitcoin sender addresses (depositor addresses) to receiver addresses on the Binance exchange.
What Does the Tool Do?
Relying on Bitcoin blockchain transaction data, this tool extracts, for each day, the number of addresses sending Bitcoin to Binance (address_sender_count) and the number of addresses on Binance that receive Bitcoin (address_receiver_count).
The daily ratio of these two figures—referred to as the sender_receiver_ratio—offers clear insight into capital flow and user activity on Binance.
Key Applications
Monitoring capital inflows and outflows:
Tracking this ratio over time helps identify periods of heightened or reduced Bitcoin inflows onto the exchange, revealing both market excitement and phases of calm.
Assessing market sentiment and investor confidence:
A falling ratio often signals increased investor confidence in holding Bitcoin and less fear of selling, while a rising ratio may indicate the start of distribution phases or short-term trading.
Risk management and informed decision-making:
By identifying prevailing behavioral trends among users, this tool supports more strategic entry and exit points, or the decision to hold positions longer.
Detecting unusual activity:
Sudden spikes or drops in the ratio may serve as warnings of unexpected events, large whale moves, or abrupt shifts in market structure.
The Main Advantage
By delivering a clear view of the flow of active Bitcoin addresses into and out of Binance, this tool enables analysts and traders to conduct more meaningful trend assessments—especially when combined with related on-chain indicators like netflow or trading volume.
Written by CryptoOnchain