🚨 Bitcoin Records Its Largest Exchange Outflows Since February 2023 🚨
In recent days, the market has witnessed a movement that shouldn't be overlooked by those paying close attention: the 100-day moving average of Bitcoin's net exchange flow has dropped to its lowest level since February 2023.
What does this mean? 🧠
In simple terms: less $BTC is flowing into exchanges, a historical indicator of reaccumulation. When long-term holders and large players withdraw BTC from exchanges, it’s not because they plan to sell—it’s because they’re choosing to secure their assets off-platform, often in cold storage.
📉 Another key data point reinforces this trend:
Since 2022, the number of addresses depositing BTC to exchanges has been steadily declining. This shift reflects a broader change in investor behavior. Nobody wants to sell. Not now. Not at these levels. And definitely not when historical patterns suggest that such massive outflows often precede bullish momentum.
💡 This mirrors previous cycles where major withdrawals signaled the start of smart accumulation phases—leading, in time, to powerful rallies.
Why does this matter now?
Because it’s happening in a macro environment that favors Bitcoin as a hedge and a store of value:
✔️ ETF approvals
✔️ Recent halving
✔️ Growing institutional interest
✔️ Inflation pressure on fiat currencies
📊 Image extracted from CryptoQuant.
