Analyst: Net Outflows from Bitcoin Exchanges Continue, Historical Data Suggests a Short-Term Rise

Feb. 17 (Bloomberg) -- CryptoQuant analyst Darkfost's analysis shows that while the bitcoin price is oscillating in the $90,000 to $105,000 range, the 30-day moving average (30DMA) shows a persistent net outflow from exchanges, suggesting that the trend of accumulation is continuing. The study notes that when the inflow/outflow ratio on exchanges is below 1, it means that net outflows are outpacing inflows, which is seen as a bullish signal by professional investors. Historical data shows that when the ratio enters a ‘high-demand zone,’ Bitcoin tends to see short-term gains. Analysts also cautioned that some of the outflows may be the result of regular asset transfers from centralised exchanges to custodian wallets such as ETFs, institutional investors and over-the-counter trading platforms.