BTC on exchanges
BTCBitcoin held by all labelled exchange addresses at the latest day's last block.
Dashboard · VantagePlanned
Bitcoin Exchange Reserves and Netflows
How much bitcoin is held on exchanges today, and is it flowing in or out?
Bitcoin held in exchange wallets by exchange, and the daily net flow in or out, read from the Bitcoin chain with sourced address lists.
ShareEmail it
Blueprint
What the dashboard will show.
The dashboard as it will open in Vantage. Each figure is named here and arrives with its receipt; until its data is published, its place stays empty.
Overview
Bitcoin on exchanges today and the latest day's flows.
Netflow, latest day
BTCBitcoin sent into exchange addresses minus bitcoin sent out of them on the latest complete day.
30-day change
BTCChange in BTC on exchanges against the balance 30 days earlier, on the same address list version.
Share of supply on exchanges
%BTC on exchanges as a share of bitcoin issued through the same block.
Reserves over time
BTCBTC held by all labelled exchange addresses at each day's last block over the selected period.
Daily netflow
BTCDaily inflows minus outflows across all exchanges, with each day's inflows and outflows on hover.
By exchange
Reserves and flows exchange by exchange.
Exchanges covered
countExchanges with a published or reconstructed address list in the latest version.
Largest exchange's share
%Share of all exchange-held BTC that sits with the exchange holding the most.
Reserves by exchange
BTCBTC held by each exchange's labelled addresses at the latest day's last block.
Largest flows
The largest deposits to and withdrawals from exchange addresses in the period, with transaction, exchange and direction.
- Exchange
- Every exchange with a labelled address list, or all together
- Period
- Last 30 or 90 days, or 1 year
About
What it answers, and for whom.
Exchange reserves are the bitcoin held in wallets that exchanges control: the coins customers have deposited and the exchanges' own holdings. When more bitcoin moves into those wallets than out, more coins sit where they can be traded; when more leaves, coins are moving into self-custody, to funds or to other venues.
This dashboard reads the balances of exchange wallets straight from the Bitcoin chain at each day's last block. It starts from the address lists that exchanges publish for proof of reserves, adds the deposit addresses that sweep into them and removes transfers between one exchange's own wallets so they never count as flows.
Coverage is only as complete as the address lists behind it, so each exchange shows how many of its addresses are labelled and where its list came from. Custodians that hold coins for funds, such as spot ETFs, are labelled apart from trading venues.
Method
How it will be measured.
Every figure will be read at a block, kept with its source and its exact read, and open a receipt anyone can re-check.
How receipts work →- Balances are the sum of unspent outputs held by each exchange's labelled addresses at the day's last block, from the UTXO set rebuilt from Bitcoin blocks.
- Addresses come from exchange-published proof-of-reserve lists, versioned by publication date, plus deposit addresses that sweep into those wallets.
- Inflows and outflows are the value of transaction outputs entering or leaving an exchange's address set; spends between addresses of the same exchange are internal and removed.
- Every balance and flow opens to its block, its transactions and the version of the address list behind it.
The data it needs
Read from chain state and history
- exchange_balances_dailyTo buildExchange wallet balancesBalances held in labelled exchange wallets per asset, chain and exchange at day end, and net flows in and out.
- address_labelsTo buildAddress labelsLabels for known addresses: exchanges, bridges, protocols, funds, treasuries, sanctioned addresses and known attackers.
- whale_transfersTo buildLarge transfersTransfers above a size threshold per token and chain, with sender and receiver labels (exchange, fund, bridge, unknown).
- bitcoin_supply_dailyTo buildBitcoin supply and holding ageBitcoin issued, supply by coin age band and by output script type (including coins whose public keys are already exposed), supply last moved long ago, and cost-basis measures.
- Bitcoin UTXO balances at the daily block height for exchange-published proof-of-reserve address lists
- Bitcoin transaction inputs and outputs touching those addresses per block, with internal transfers removed
- Exchange-published proof-of-reserve address lists, versioned by publication date (off-chain attribution)
- Deposit-address clustering from sweeps into known exchange wallets
Questions
Questions people ask.
What are bitcoin exchange reserves?
Exchange reserves are the bitcoin held in wallets controlled by exchanges, both customer deposits and the exchange's own coins. They are read here as balances of labelled addresses on the Bitcoin chain.
What does bitcoin leaving exchanges mean?
When outflows exceed inflows, coins are moving from exchange wallets to addresses outside them: self-custody wallets, funds, custodians or other venues. It means fewer coins sit on trading venues, not that anyone in particular bought them.
How are exchange wallets identified?
Most addresses come from lists that exchanges publish to prove their reserves. Deposit addresses are added when they sweep into those wallets, which marks them as the exchange's. Each label records its source.
Why do exchange reserve figures differ between sources?
Each source labels a different set of addresses, and a missing cold wallet or a custodian counted as an exchange changes the total. This dashboard publishes its address lists and their sources, so its coverage can be checked.
Do spot ETF holdings count as exchange reserves?
No. Coins held by custodians for funds are labelled as custody, not as exchange reserves, even when the custodian also runs an exchange. They are shown separately so that ETF flows do not distort exchange netflows.
- Proof of reserves
- An exchange's published evidence that it holds customer assets, often a list of its wallet addresses whose balances anyone can read.
- Netflow
- Coins sent into a set of addresses minus coins sent out of it over a period.
- UTXO
- An unspent transaction output: a piece of bitcoin that an address can spend. An address's balance is the sum of its UTXOs.
Related
More apps like this.
Proof of Reserves Tracker: Exchange Wallet Balances
What exchanges hold in the reserve wallets they publish, chain by chain, read at each day's last block beside what they report owing.
Multi-chainBitcoinEthereum+1Bitcoin Whale Tracker: Large Transactions and Coin Age
The largest Bitcoin transfers as they confirm, with the value moved after change, the age of the coins spent and labels where known.
BitcoinBitcoin ETF Holdings by Issuer and Fund
How much bitcoin each spot bitcoin ETF holds, how that changed and its share of supply, with custody read on-chain where disclosed.
BitcoinBitcoin Rich List: Largest Addresses by Balance
The largest Bitcoin addresses by balance, with first and last activity, 7 and 30-day changes, address type and labels where a source exists.
BitcoinCrypto Whale Transactions: Large Transfers Today
The day's largest transfers of BTC, ETH, USDT, USDC and other major assets across chains, tagged when they move to or from an exchange.
Multi-chainBitcoinEthereum+2Crypto Market Cap Rankings with On-Chain Supply
The largest cryptocurrencies ranked by market cap, with each coin's supply read from its chain and the source of its price named.
Multi-chainBitcoinEthereumBuild Bitcoin Exchange Reserves and Netflows on verified data.
Start free in Voltfin Studio: boards, tables and reports where every number opens its receipt. Tell us which data you need first and we will build it next.