Bitcoin exchange net outflows over the past month point to genuine investor accumulation, according to CryptoQuant analyst Darkfost. Negative net flows dominated March, except for a brief inflow spike before Bitcoin hit $76,000 on March 17.
Outflows typically signal bullish sentiment, as investors move BTC off exchanges to hold long-term. Darkfost noted this reflects accumulation during Bitcoin’s current liquidation phase.
LVRG Research director Nick Ruck called it "genuine long-term accumulation," highlighting waning interest in short-term speculation. BTSE COO Jeff Mei added that crypto's strong performance since the Iran conflict-outperforming stocks and gold-supports increased demand.
Mei suggested Bitcoin may now serve as a hedge against traditional markets, with rising institutional ownership. Meanwhile, TradingView data shows Bitcoin forming higher highs and higher lows, hinting at potential trend development.
Glassnode’s weekly report noted slightly improved unrealized profits, signaling easing market losses, though sentiment remains under pressure despite early stabilization signs.