The net cash flow data of Bitcoin on exchanges is attracting attention. Currently, outflows from exchanges are dominant, indicating that investors are transferring Bitcoin to long-term storage wallets, reducing selling pressure. This implies they have no intention of selling in the near future.
As prices rise, inflows to exchanges increase, suggesting that short-term traders may want to take profits. Conversely, when prices fall, outflows increase, indicating that long-term investors are withdrawing Bitcoin to avoid panic selling.
Notably, the inflow of 9.9K BTC indicates a significant move from "whales" or large institutions, which could cause price volatility.
If outflows continue, selling pressure may decrease, and prices could rise. However, large inflows could cause short-term corrections. Monitoring net cash flow is a powerful way to predict price trends.