It would be a real signal if all the info were centralized, but it isn’t; as far as I can tell. Volume is the missing data link in a decentralized ecosystem. Is there an index that reveals this?
Discussion
Unfortunately, as far as I know. The continuous and highest transactions taking place within centralized exchanges. It is from there, it is possible to measure this metric.
Despite being decentralized, btc is basically an accounting book, all transactions are available. If you take the address of the cefi and cross what comes in and what goes out of those wallets, it is possible to know, yes, the flow... Understand?