Odaily Planet Daily reported that despite short-term turmoil, key indicators still suggest a bullish long-term outlook for Bitcoin. An analysis by analyst Axel Adler highlights the net flow-to-reserve ratio of Bitcoin on exchanges, which indicates that the market is in an accumulation phase, with BTC being moved from exchanges to long-term storage (addresses), suggesting increased investor confidence and potential price increases as the market matures. A negative value in this ratio indicates that more BTC is being withdrawn from exchanges than deposited, suggesting that users are storing it in private wallets rather than actively trading. This reduces the available supply on exchanges and typically leads to price increases, as it shows that investors are preparing for long-term gains rather than short-term speculation. At the end of the 2022 bear market, during a period of heightened fear and uncertainty, this indicator peaked. Current market conditions show a similar trend. Despite recent market volatility, with BTC struggling to maintain the $100,000 threshold, the continued outflows from exchanges indicate that investors are starting to hoard Bitcoin again. Analysts believe that as exchange reserves steadily decrease, potential upward momentum is forming, as these assets are unlikely to enter the market for the long term, providing support for a bullish outlook in the coming years. (Bitcoinist)

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