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The market is seeing a significant decline in Bitcoin inflows to exchanges, with only 30,000 deposits per day, the lowest since 2016. For comparison, the 10-year average is around 90,000.
When users send fewer coins to platforms, this indicates a desire to keep BTC in their own wallets. The last time such low figures were observed at the beginning of a major Bitcoin growth.
The Netflow-to-Reserve Ratio metric shows that Bitcoin outflows from exchanges prevail. The largest negative values were at the end of the bear market, when experienced players bought coins from forced sellers.
This data may indicate possible positive price changes in the future.
When users send fewer coins to platforms, this indicates a desire to keep BTC in their own wallets. The last time such low figures were observed at the beginning of a major Bitcoin growth.
The Netflow-to-Reserve Ratio metric shows that Bitcoin outflows from exchanges prevail. The largest negative values were at the end of the bear market, when experienced players bought coins from forced sellers.
This data may indicate possible positive price changes in the future.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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