Markets· ★★★· bullish·

Glassnode: Bitcoin whale exchange inflows flip negative after three-month streak

  • —The net deposit streak lasted over three months, at least twice as long as prior ones since 2023
  • —The flow reversed in late August and has stayed negative through October 5
  • —The metric uses a 30-day average measured in thousands of BTC per day
  • —It tracks whale transfers to exchanges, not direct buy or sell trades
Why it matters: Sustained whale withdrawals from exchanges typically reduce sell-side pressure and can support BTC price.
Source: Koin Bülteni