[Global Liquidity Radar] US Trading Share Surges 41%… Market Leadership Shift Clear

Tracking the fund flow and trading dominance in the global Bitcoin market while monitoring changes in investment sentiment. Analyzing the global liquidity environment and market participant psychology through key indicators such as exchange balance fluctuations, fund flows between exchanges, trading volume by time zone, and open interest. [Editor's Note] In the recent market, the proportion of the US market has notably expanded, with continued inflows to Binance. However, the IFP indicator remains in a weak range, indicating a wait-and-see sentiment in the market. The future trend is drawing attention as supply and demand balance changes intertwine with investor positioning. ■ Exchange Bitcoin Balance According to CoinGlass as of 5:50 PM on the 14th, the total Bitcoin balance of major global exchanges is approximately 2,193,273 BTC. It increased by 1,583 BTC in a day, but decreased by 1,110 BTC over a week. Coinbase Pro leads with the highest Bitcoin balance at 715,790 BTC. It saw an inflow of 333 BTC in a day, but experienced an outflow of 6,925 BTC over a week, showing a somewhat easing selling pressure. Binance holds 586,129 BTC, and Bitfinex records 369,226 BTC in balance. Binance saw an inflow of 1,470 BTC in a day and 10,246.22 BTC over a week. Bitfinex showed a slight decrease with an outflow of 21 BTC in a day and 350 BTC over a week. Daily Maximum Net Inflow: Binance (1,470 BTC) | Kraken (395 BTC) | Coinbase Pro (332 BTC) Daily Maximum Net Outflow: OKX (-414 BTC) | Bybit (-147 BTC) | Gemini (-73 BTC) According to Cryptoquant's IFP (Internal Funds Positioning) model, the Bitcoin market remains in a weak and adjustment phase. As of the 14th, the IFP indicator is 683,437 BTC, decreasing by about 2,416 BTC compared to the previous day, showing a reduction in Bitcoin holdings within exchanges. The figure is below the 90-day moving average (761,374 BTC), indicating continued liquidity contraction and weak trend. The current IFP signal remains in the weak/adjustment range, with the strong market signal deactivated. The IFP model is an indicator that diagnoses buying and selling sentiment in the market by comparing the proportion of exchange-held and externally moved amounts. ■ Bitcoin Trading Flow by Time Zone Looking at Binance BTC/USDT time zone data, the trading volume breakdown is: US 41.34%, Europe 37%, and Asia 21.38%. With the highest US trading proportion, US trading volume surged 152% to $549.11 million compared to the previous day. Asian trading volume was approximately $283.99 million, a 45% decrease from the previous day. European trading volume also decreased by 50% to $495.25 million, showing a cautious stance.