Bitcoin: Exchange Inflow - Spent Output Value Bands (%)
Chart Description
Exchange Inflow - Spent Output Value Bands (%) expresses each value cohort's contribution to total exchange inflows as a percentage, shifting the focus from absolute deposit volume to the relative composition of participant tiers driving exchange activity at any given time.
Where the absolute version captures the scale of inflows by transaction size, the percentage view isolates structural shifts in deposit behavior - making it easier to identify when whale-scale outputs are beginning to represent a disproportionate share of exchange inflows, even during periods of subdued overall volume. A rising share from high-value bands signals increasing large-holder participation in exchange deposits, regardless of whether total inflow figures are elevated.
Monitored over time, changes in value band composition provide an early indicator of who is leading market moves - distinguishing concentrated whale-driven deposit activity from broad-based retail participation, and helping contextualize whether prevailing sell-side pressure is structurally significant or transient.
