Aggregated Ethereum Volume (spot & derivatives)
AGGREGATED ETHEREUM VOLUME INDICATOR (spot & derivatives)
This indicator aggregates volume for the most liquid ethereum pairs AND instruments, from exchanges known to *not* have fake volume . A few legit exchanges are missing as not available in Tradingview at the moment (e.g. FTX US).
Volume is separated into four categories: spot (stablecoin pairs), spot (fiat pairs), derivatives (perpetuals), and tradfi derivatives ( CME futures ). Can plot them all four together (default setting) or individually.
Volume is "aggregated in equivalent number of eth" (default setting) -- although users can change that to "aggregated in total USD". Doing so required converting volume for some ETH pairs and (derivatives) contracts that don't record volume in number of eth (but rather record it in USD or number of contracts).
Volume from crypto futures contracts (i.e. not Tradfi) is missing given how these contracts expire, and rolling them over would require extensive manual input. Futures' volume track perpetuals' volume , and are considerably smaller than perpetuals', therefore its absence does not have a noticeable impact on output. Time series for CME futures don't suffer from this inconvenient as the CME offers a continuous time series.
For the sake of simplicity, the price time series used for normalizing volume into ETH units is Bitstamp's (as it is the longest time series available). Prices of USDT and USDC is ignored in this first version.
List of exchanges included: Binance, Binance US, OKX, Huobi, FTX, Bittrex, Gate, Kucoin, Poloniex, Coinbase, Bitfinex, Bitstamp , Gemini, Bitflyer, Upbit, Kraken, Bybit, Bitmex, Deribit, CME
List of pairs/instruments that had to be converted from total USD into number of eth: FTX:BTCUSDT, FTX:BTCUSD, BITMEX:XBTUSD, BYBIT:BTCUSD, DERIBIT:BTCPERP, FTX:BTCPERP
List of pairs/instruments that had to be converted from number of contracts into number of eth: BINANCE:BTCPERP, OKEX:BTCPERP, OKEX:BTCUSDTPERP, CME:BTC
Final note: I recommend to look at aggregated ethereum volume in ETH (not in USD) and for all categories (spot and derivatives) to get a better picture of what's happening in the market. Looking at volume in USD rather than in ETH makes volume obviously dependent on ethereum's price. This is a major problem for volume analysis. Given how volatile ETHUSD is, price then accounts for most of the variance in volume , making volume comparisons across time difficult.
If you have any suggestions please drop them in the comments.
This indicator aggregates volume for the most liquid ethereum pairs AND instruments, from exchanges known to *not* have fake volume . A few legit exchanges are missing as not available in Tradingview at the moment (e.g. FTX US).
Volume is separated into four categories: spot (stablecoin pairs), spot (fiat pairs), derivatives (perpetuals), and tradfi derivatives ( CME futures ). Can plot them all four together (default setting) or individually.
Volume is "aggregated in equivalent number of eth" (default setting) -- although users can change that to "aggregated in total USD". Doing so required converting volume for some ETH pairs and (derivatives) contracts that don't record volume in number of eth (but rather record it in USD or number of contracts).
Volume from crypto futures contracts (i.e. not Tradfi) is missing given how these contracts expire, and rolling them over would require extensive manual input. Futures' volume track perpetuals' volume , and are considerably smaller than perpetuals', therefore its absence does not have a noticeable impact on output. Time series for CME futures don't suffer from this inconvenient as the CME offers a continuous time series.
For the sake of simplicity, the price time series used for normalizing volume into ETH units is Bitstamp's (as it is the longest time series available). Prices of USDT and USDC is ignored in this first version.
List of exchanges included: Binance, Binance US, OKX, Huobi, FTX, Bittrex, Gate, Kucoin, Poloniex, Coinbase, Bitfinex, Bitstamp , Gemini, Bitflyer, Upbit, Kraken, Bybit, Bitmex, Deribit, CME
List of pairs/instruments that had to be converted from total USD into number of eth: FTX:BTCUSDT, FTX:BTCUSD, BITMEX:XBTUSD, BYBIT:BTCUSD, DERIBIT:BTCPERP, FTX:BTCPERP
List of pairs/instruments that had to be converted from number of contracts into number of eth: BINANCE:BTCPERP, OKEX:BTCPERP, OKEX:BTCUSDTPERP, CME:BTC
Final note: I recommend to look at aggregated ethereum volume in ETH (not in USD) and for all categories (spot and derivatives) to get a better picture of what's happening in the market. Looking at volume in USD rather than in ETH makes volume obviously dependent on ethereum's price. This is a major problem for volume analysis. Given how volatile ETHUSD is, price then accounts for most of the variance in volume , making volume comparisons across time difficult.
If you have any suggestions please drop them in the comments.
版本注释:
Changes:
#1 Binance phased out ETHUSDC, moving trading to ETHBUSD, which was causing an error message. Eliminated ETHBUSD to fix that error.
#1 Binance phased out ETHUSDC, moving trading to ETHBUSD, which was causing an error message. Eliminated ETHBUSD to fix that error.
版本注释:
Changes:
#1 Updated Bybit perps feed names (ETHUSDT.P and ETHUSD.P)
#2 Added Bybit spot (ETHUSDT)
#3 Changed bar colors
#1 Updated Bybit perps feed names (ETHUSDT.P and ETHUSD.P)
#2 Added Bybit spot (ETHUSDT)
#3 Changed bar colors
版本注释:
Changes:
#1 Updated Bitmex perp feed name (ETHUSDT.P)
#1 Updated Bitmex perp feed name (ETHUSDT.P)
版本注释:
Changes:
#1 Eliminante Binance US
#1 Eliminante Binance US
版本注释:
Release Notes:
Changes:
#1 Eliminate BUSD
Changes:
#1 Eliminate BUSD