Algo In & out

    There is a never ending fight between people who Believe in On-Chain data and people who don't. Lets see if we can find any information proving it's benefits or uselessness.

    In this Bounty we were asked to provide information about how much Algo was sent to and from CEXs, how does it look like over time and if there is any significant volume that may need explanation. we will keep this short and practical. First, lets take a look at Algo price.

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    Basic to On-Chain Analysis: when exchange reserves go up there's a good chance of decline in price. so we should expect that around Sep 10th there is huge inflow of Algo to CEXs. Well, lets see. first we should create a list of CEXs which received algo or send it.

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    I'm not sure what these groups mean and who they belong But it is Clear that Binance stand far above any other CEX with more than 6.5 Billion. so i believe it is ok to just go for Binance to answer our issue raised about On-Chain Data. The biggest circle and the one beneath it are representing Volume of Algo to Binance on Dec 8th and Dec 9th. so it goes like this: Algo going nuts:: people send Algo to CEXs to sell and take profit:: higher volume::Price Dump. so at least in this case On-Chain do work. if you knew people are sending their Algos to binance like never before, would you still be interested to buying more?

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    Also we were Asked to show how much Algo was send from CEXs from the beginning of 2021. looking once again at the chart we can say we are pretty much at the price that we started 2021 so there won't be any significant difference between ALGO in & out to and from CEXs

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