Exchange Flows

Track BTC moving on and off exchanges in real time. Net outflows signal accumulation by long-term holders. Net inflows signal potential selling pressure.

On-chain netflow

BTC balance changes across major exchanges. Tracks the net movement of coins between exchange hot wallets and external addresses.

Accumulation vs distribution

Sustained outflows mean holders are moving BTC to cold storage. Sustained inflows mean coins are being positioned for sale. The trend matters more than any single day.

Liquidity pillar input

Exchange balance data feeds directly into the Liquidity pillar of the regime score. Large outflows contribute positively to the regime classification.