Bitcoin Exchange Netflow Data:
Green Bars: Represent net inflows to exchanges, meaning more Bitcoin was deposited than withdrawn, which could imply increased selling pressure or preparation for trading.
Red Bars: Represent net outflows from exchanges, meaning more Bitcoin was withdrawn than deposited, often seen as a sign of accumulation or long-term holding by investors.
Tether Exchange Netflow :
new record by Hitting over 2 billion USDT in exchange netflow for the first time since December 2022.
Increased Buying Power: The substantial inflow of stablecoins onto exchanges brings a high amount of purchasing power, which could drive demand for Bitcoin and other cryptocurrencies, especially if this capital is deployed strategically.
Conclusion:
If these inflows are matched with continued Bitcoin accumulation, we might expect a period of price growth, as seen in previous instances of large Tether inflows. This could act as a signal of market confidence or serve as a liquidity cushion that absorbs any upcoming selling pressure.
Written by Amr Taha
