#代币流动信号 Token flow signals refer to the market information and trend signals reflected by observing the flow of tokens in the blockchain network. Taking Bitcoin (BTC) as an example, common token flow signals are as follows:

Net inflow/outflow on exchanges

• Net Inflow: When Bitcoin is transferred from personal wallets to exchanges, it is usually considered an inflow, which may indicate that investors are preparing to sell Bitcoin, increasing the supply of Bitcoin in the market, and to some extent, it is a bearish signal. If a large amount of funds flows into the exchange, it may indicate short-term downward price pressure.

• Net Outflow: Bitcoin transferred from exchanges to personal wallets is considered an outflow, which may indicate that investors are purchasing Bitcoin and plan to hold it long-term, reflecting a positive outlook on Bitcoin's long-term value, typically viewed as a bullish signal.

Large Transactions

• Whale Buying: Large transactions are usually seen as the actions of whales. When whale addresses buy a large amount of Bitcoin, it may signal that the market is about to enter an upward trend, attracting other investors to follow suit and drive prices up.

• Whale Selling: When whales sell a large amount of Bitcoin, it may trigger panic in the market, leading other investors to follow suit and sell, causing prices to drop.

Capital Flow Indicators

• Inflow Ratio Increase: Some cryptocurrency analysis platforms provide indicators such as "capital inflow/outflow ratio". If the inflow ratio increases, it indicates that the funds buying Bitcoin in the market are increasing, and the overall market sentiment is optimistic, signaling a potential price increase.

• Inflow Ratio Decrease: A decrease in the inflow ratio indicates that selling funds are relatively increasing, leading to a pessimistic market sentiment, and prices may face downward pressure.