BTC in/out of exchanges + price — BTC flowing into (red, +) vs out of (green, −) labeled exchange wallets. Inflow spikes = sell-side pressure
Exchange netflow follows the movement or balance of Bitcoin at labeled market participants: BTC in/out of exchanges + price. It helps put exchange, whale, miner and custody activity into context.
Choose all exchanges or one high-liquidity venue. Green (outflow) days mean coins are leaving that scope for cold storage — usually accumulation. Sustained red inflows mean coins are moving where they can be sold.
Flows are netted per transaction, so transfers inside the selected venue cancel out. Single-day spikes can still be wallet reshuffles; trends over weeks matter more.