Analyst: Over the past 7 days, Bitcoin CEX outflow has hit a recent high, with stablecoin inflows showing typical large-scale spot buying behavior characteristics

BlockBeats News, March 7th, Cryptocurrency market analyst Axel posted that over the past 7 days, Bitcoin has continued to see a net outflow from exchanges, with a weekly total of 47,700 BTC, reaching a new annual high for single-week outflows.

From February 27th to March 5th, the daily net outflows of Bitcoin were: -2,867, -1,205, -251, -6,129, -1,819, -31,900, -3,478 BTC. The most significant movement was on March 4th with a 31,900 BTC outflow, typically associated with large entities transferring to cold wallets, and possibly reflecting some institutional internal transfers.

Continued net outflows from exchanges typically indicate a weakening selling pressure in the spot market. If Bitcoin continues to see net outflows over the next 3-5 days without significant inflows, it can be confirmed as a signal of "sustained accumulation."

Furthermore, the annual stablecoin net flow chart shows a large net inflow of approximately $1.1 billion in early March, which quickly turned into a net outflow, with the current reading at -$37.5 million.

Axel stated that the key to interpreting the data lies in correlation, where the large stablecoin inflow at the beginning of March and the Bitcoin outflow anomaly on March 4th form a complete operational loop, with funds entering exchanges in the form of stablecoins, being exchanged for BTC, and then withdrawn to on-chain storage. This is a typical characteristic of large-scale spot purchases.