The Bitcoin fund flow ratio for all exchanges is on a decline, while BTC transactions are rising. This could suggest a bull market is ahead. Bitcoin Fund Flow Ratio For All Exchanges Goes Down As pointed out by a CryptoQuant post, the BTC fund flow ratio for all exchanges seems to be on a downwards trend. Also, BTC transactions are going up. The Bitcoin fund flow ratio is an indicator that’s defined as the total amount of BTC going into or out of exchanges divided by the total amount of BTC transferred on the whole network. Fund Flow Ratio = Total Exchange Inflows + Outflows in BTC ÷ Total Transferred BTC (whole network) Basically, the indicator shows the percentage of BTC that’s involved in exchange-related transactions as compared to the total transactions on the entire network. Related Reading | New Bitcoin Users Activity Spikes To New All-Time Highs, What Does It Mean? With the help of the fund flow ratio, it becomes possible to know what percentage of BTC transactions happen outside exchanges. That is, through methods like over-the-counter (OTC) deals or P2P transfers. The other relevant metric here is the total tokens transferred. As the name suggests, this indicator shows the total number of BTC that has been transferred on the network in some form. Related Reading | The Bullish Bitcoin Crossover No One Is Paying Attention To Now, here is a chart that shows the trend in both the BTC fund flow ratio...