The chart shows $BTC net flows across exchanges, and the latest data highlights a notable shift. In particular, around $1.75B worth of BTC left Bitfinex, while about $345M exited Binance. This indicates a significant outflow of Bitcoin from exchanges.

Generally, BTC leaving exchanges is considered a positive signal. It often means investors are moving their coins to personal wallets for long term holding rather than preparing to sell.

When BTC leaves exchanges, selling pressure tends to decrease. Fewer coins on exchanges also means less available supply that can be quickly sold on the market. #MarketRebound

For this reason, large exchange outflows are sometimes interpreted as a potential bullish signal for the market. #AIBinance

BTC

81,516.01

+2.37%