BTC: Exchange Aggregated Reshuffling Ratio - Covered Exchanges
Shown as its 2019–2022 sample; the latest readings and full history are included with Pro.
Each covered exchange's reshuffling ratio across the coins we follow on our own nodes, weighted by their US-dollar balances.
Why use it. Shows platform-wide internal reallocation rather than one coin's: a jump across coins at once points to an exchange restructuring its wallets. How to read it. From 0 to 1: values near 1 mean as much as the exchange's whole balance, in US dollars, moved internally in a week.
Calculation. Per exchange: the sum over coins of in-house volume over the 7 days to the day, in US dollars, / the sum over coins of its balance at the day's end in US dollars, capped at 1. Coins: BTC, and LTC, DOGE and BCH where the exchange publishes addresses for them (computed the same way from our own Litecoin, Dogecoin and Bitcoin Cash nodes). Ether, the stablecoins and the other tokens are not included: their exchange flows have no split by counterparty exchange or in-house transfer per exchange. Each coin's 7-day sums and balance are valued at that day's close (BTC: the admitted end-of-day price of our pricebook; the open day its latest hourly price), so each coin weighs in proportion to its US-dollar balance at the exchange. Daily only. In-house volume is the value an exchange pays back to its own addresses: consolidating deposits, change, and moves between hot and cold wallets. It is never counted as inflow or outflow. Computed by CryptoKeyhole from every block of its own Bitcoin node, from the same per-transaction exchange flows as the Exchange Balance and In-House Exchange Volume charts: each transaction is split by the share of its inputs each exchange funded. Periods are UTC hours and days by block header time; the latest day is a partial that updates every hour, and a period is final once six blocks follow it. Exchanges covered: those that publish their own reserve addresses (Binance, OKX, Bybit, HTX, KuCoin, Bitfinex, Crypto.com, Deribit, and BitMEX until it closed on 23 September 2026), extended with addresses our own clustering ties to them when they are spent together in consolidation transactions. Exchanges that publish no addresses, such as Coinbase and Kraken, are not covered, and customer deposit addresses are not identified, so these ratios describe the covered exchanges' known wallets rather than every exchange. Labels apply to each address's whole history, so history can change when an address list is refreshed.