PelinayPA2025-09-22

Bitcoin Exchange Inflow–Outflow Balance: Selling Pressure Rises at $112K

Exchange Outflow (Withdrawals from Exchanges) Chart 1 shows BTC outflows from exchanges. Large outflows usually indicate that investors are moving coins to personal wallets, reducing immediate selling pressure and signaling a bullish trend. At the end of August and early September, nearly 65K BTC outflow coincided with a price recovery. Recently (after September 20), outflows have weakened, suggesting that more investors are keeping BTC on exchanges. Exchange Inflow (Deposits to Exchanges) Chart 2 tracks BTC inflows to exchanges. High inflows often suggest investors are preparing to sell, which is typically bearish. Around mid-September (Sept 17–19), inflows spiked to nearly 40K BTC, and the price dropped from $117K, showing how selling pressure weighed on the market. During the September 7–15 rally, outflows exceeded inflows, supporting bullish momentum. However, after September 17, inflows surpassed outflows, triggering stronger selling pressure and pushing BTC down to $112.7K. Inflows remain high while outflows are relatively weak, indicating short-term downside pressure. If outflows increase again, signaling accumulation, BTC could rebound strongly from the $112K zone. Otherwise, further downside risk remains.