Gate News reports that on March 7, cryptocurrency market analyst Axel stated that over the past 7 days (February 27 to March 5), Bitcoin has been continuously net outflowing from trading platforms, with a weekly total of 47,700 coins, marking the highest weekly outflow in nearly a year. Daily net outflows were: -2,867, -1,205, -251, -6,129, -1,819, -31,900, and -3,478 coins. The most significant outflow occurred on March 4, with 31,900 coins, which is likely related to large holders transferring to cold wallets or internal transfers within custodial institutions.
Additionally, the annual stablecoin net flow chart shows that in early March, there was a large net inflow of about $110 million, but it quickly shifted to a net outflow, currently at -$37.5 million. Data indicates that the large stablecoin inflow in early March and the Bitcoin outflow on March 4 form a complete operational cycle: funds entered trading platforms in stablecoins, were exchanged for BTC, and then transferred to on-chain storage.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
