CryptoQuant reveals that the 100-day simple moving average (SMA) of exchange net flows recently hit its most negative figure in two years.“This essentially indicates the highest Bitcoin outflow from exchanges since that date,” contributor CryptoOnChain commented in one of its “Quicktake” blog posts on April 23. “A review of historical patterns suggests that this could imply re-accumulation of assets by investors.”Bitcoin exchange netflow 100-day SMA.
Source: Miles Deutscher/XResearch firm Santiment drew similar conclusions about entities holding at least 10 BTC, which it referred to as “key stakeholders.”“Bitcoin's key stakeholders comprised of wallets holding between 10 & 10K BTC currently hold 67.77% of the entire supply of crypto's top market cap asset,” an X post reported. “During the April volatility, these wallets continue to accumulate, and have now added over 53.6K BTC since March 22nd.”Bitcoin 10 BTC+ balance data.
Related: Bitcoin ETF inflows top 500 times 2025 average in 'significant deviation'“Whales (1k-10k balance) have been accumulating hard since March, even as price slid,” crypto analyst Miles Deutscher noted on X this week alongside CryptoQuant data. “Every time prices drop, whales accumulate into retail panic selling.”Bitcoin 1K BTC+ balance data.
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Author / Journalist: Cointelegraph by William Suberg
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