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.
Green (outflow) days mean coins are leaving exchanges for cold storage — usually accumulation. Sustained red inflows mean coins are moving where they can be sold.
하루짜리 급등은 지갑 간 이동인 경우가 많습니다. 2025년 11월 22일 급등은 Coinbase의 예정된 내부 지갑 마이그레이션으로, 실제 시장 유입이 아닙니다. 여러 주의 추세가 더 중요합니다.