Looking at more detailed exchange traffic data, if the amount of BTC transferred into exchanges is considered a sign of investor panic, we can see that investor panic has been improving over the past three weeks. The weekly data for BTC transferred into exchanges has been decreasing and has remained relatively stable over the last three weeks. BTC inflow data to exchanges over the past year However, this stability is still quite different from the FOMO peaks we saw in July and September. As I’ve mentioned many times before, the price surge since April wasn’t due to a massive increase in buying volume but rather a significant decrease in selling volume, which is clearly reflected in this data. BTC outflow data from exchanges over the past year Now, if we consider BTC transferred out of exchanges as a sign of optimism, it’s pretty clear that when the amount of BTC leaving exchanges is high, it often corresponds to either an upward trend or a price peak. Of course, the overlap between these two charts might not be very clear, so let’s look at another chart. Net BTC flow on exchanges over the past year This chart shows the net flow data for exchanges over the past year. In simple terms, it’s the result of inflow data minus outflow data. The green above the horizontal line represents a positive net flow (more BTC transferred in than out), while the red represents a negative net flow (more BTC transferred out than in). The former indicates net inflow, and the latter indicates net outflow. Overall, when the daily BTC outflow from exchanges exceeds the inflow, it indicates stronger investor sentiment for buying (bottom fishing), which is the current state. Bitget VIP, lower fees, better perks.