Analysts see recent BTC exchange outflows as sign of accumulation

Recent net Bitcoin outflows from exchanges could signal investor accumulation activity, Cointelegraph reported, citing multiple analysts. In a contribution to CryptoQuant, crypto analyst Darkfost noted that exchange withdrawal trends were dominant throughout March, except when BTC was trading around $76,000. This suggests, he said, that genuine accumulation occurred as investors bought BTC on exchanges and moved it to private wallets. Nick Ruck, director of research at LVRG, said such outflows are a sign of long-term accumulation rather than speculative trading, showing a lack of intent to sell amid market volatility. Similarly, Jeff Mei, chief operating officer (COO) at BTSE, analyzed that it is a natural result for investors to accumulate BTC, as it has shown better gains than stocks and gold amid geopolitical crises.