{"path":"/distribution/exchange_reshuffling_ratio","tier":3,"parameters":{"a":["USDT"],"c":["native"],"e":["aggregated","bibox","bigone","binance","bingx","bitfinex","bitflyer","bitget","bithumb","bitpanda","bitstamp","bittrex","bybit","cobinhood","coinbase","coinex","coinhako","crypto.com","deribit","ftx","gate.io","gemini","hitbtc","huobi","korbit","kraken","kucoin","mexc","nexo","okex","poloniex","robinhood","swissborg","upbit","zb.com"],"f":["csv","json"],"i":["24h"]},"queried":{"a":"USDT","path":"/v1/metrics/distribution/exchange_reshuffling_ratio"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/distribution#get-v1-metrics-distribution-exchange_reshuffling_ratio","studio":"https://studio.glassnode.com/charts/distribution.ExchangeReshufflingRatio","metric_variant":{"bulk":"/distribution/exchange_reshuffling_ratio/bulk","pit":"/distribution/exchange_reshuffling_ratio_pit"}},"bulk_supported":true,"timerange":{"min":1511827200,"max":1784160000},"modified":1784257717,"descriptors":{"name":"Exchange Reshuffling Ratio","short_name":"Exchange Reshuffling Ratio","group":"Exchange Flows","tags":["on-chain","exchanges","entities"],"description":{"default":"**Definition.** Exchange Reshuffling Ratio quantifies the volume of internal (in-house) token transfers at an exchange relative to that exchange's total balance, averaged over a short rolling window.\n\n**Technical.** Readings are capped to the 0-to-1 range. Exchange metrics are based on Glassnode's continually updated set of labeled exchange addresses, together with statistical and data-science methods that are refined over time. The series is therefore mutable: its established history is stable, but recent data points may revise as labels update. For methodology and limitations, see our [article on exchange metrics](https://insights.glassnode.com/exchange-metrics/) and [Exchange Data Transparency Notice](https://docs.glassnode.com/further-information/exchange-data-transparency-notice).\n\n**Interpretation.** A higher ratio suggests the exchange is actively reallocating its liquidity internally, behavior that, if persistent, may warrant further investigation into the exchange's liquidity management practices. A lower ratio indicates more stable internal flows and a healthier operational state.\n\n**Notes.** Introduced by [CryptoVizArt](https://x.com/CryptoVizArt). For further details, see his [introductory article](https://insights.glassnode.com/the-week-onchain-week-35-2023/).\n"},"data_sharing_group":"onchain"}}