Hello,

I'm quite newbie to the bitcoin system, so my below theory might be nonsense... But I would like to know your opinion about it:

Given that:
- Bitcoin transfers are public
- We may know the addresses used by the main exchanges: people sending or withdrawing money must know them
- The transfers in/out of those addresses may be monitored

Would it be possible to deduce:
- If exchanges addresses are transferring money out --> people withdrawing money to hodl --> less offer --> price rises
- If exchanges addresses are receiving money --> people getting ready to sell --> more offer --> price falls

Would that be possible?
If so, is anyone already doing this kind of analysis? I didn't find any thread about it.