Analyst: Bitcoin exchange net outflow continues, historical data shows short-term rise

On February 17th, CryptoQuant analyst Darkfost analyzed that although Bitcoin prices fluctuated between $90000 and $105000, the 30 day moving average (30DMA) showed a sustained net outflow from the exchange, indicating that the accumulation trend is still ongoing. Research has shown that when the inflow/outflow ratio of an exchange is below 1, it means that the net outflow of funds exceeds the inflow, which is considered a bullish signal by professional investors. Historical data shows that when this ratio enters the "high demand zone", Bitcoin often experiences short-term gains. Analysts also remind that some capital outflows may stem from the transfer of conventional assets from centralized exchanges to custodial wallets such as ETFs, institutional investors, and over-the-counter trading platforms.