Analyst: CEX 30-Day Net Outflow Nears 100,000 BTC, Reserve Continues to Drop, Signaling Accumulation

BlockBeats News, April 21st – Cryptocurrency market analyst Axel stated that Bitcoin's 30-day net flow turned negative from early March, with a peak outflow of -300,000 BTC on March 25th. As of April 21st, the net outflow still stands at -98,000 BTC. During the same period, BTC reserves on exchanges dropped from 2.786 million to 2.681 million, marking a seven-week consecutive decline with a total reduction of over 105,000 BTC. There was no panic inflow during the price pullback in April, indicating that the tokens continue to settle in the hands of long-term holders. The current pattern is interpreted as a coordinated accumulation signal, with a need to be cautious about the potential risk of the net flow returning to positive territory.