Darkfost2026-03-03

Bitcoin accumulation resumes despite uncertain market

Despite a difficult environment, the analysis of Bitcoin netflows suggests that accumulation may be underway. The Netflow is an indicator that measures the difference between inflows and outflows on exchanges. It helps visualize the dominant behavior of investors, showing whether they prefer to withdraw their BTC from platforms to hold them for the longer term, or send them to exchanges to be sold. On Binance, which holds about 25% of total Bitcoin reserves with roughly 665,000 BTC, netflows have turned negative since February 21. Outflows have dominated on most days, with a cumulative netflow reaching −13,500 BTC. Yesterday alone saw 3,848 BTC leave the platform. This is not limited to a single exchange. Across all platforms combined, netflow has remained negative for seven consecutive days. Bitcoin appears to be attracting investors again, with signs of longer-term accumulation. After a correction of roughly 50%, the current price level is becoming attractive, and this ongoing accumulation continues to sustain Bitcoin’s range-bound price action, whose eventual outcome remains uncertain.