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Bitcoin demand remains high
Despite Bitcoin trading within a broad range between $90,000 and $105,000, there is clear evidence of continued accumulation, as indicated by the 30DMA exchange inflow/outflow ratio. When this ratio drops below 1, it suggests that outflows dominate inflows, a condition many professional investors view as a bullish signal. Essentially, the lower the ratio, the stronger the underlying demand appears to be. Historically, when this ratio has entered what can be considered a high-demand zone, Bitcoin has typically experienced a short-term upward move Nevertheless, it's important to note that some of these outflows may be attributed to routine asset transfers by centralized exchanges to custodial wallets (ETFs, Institutionals, OTC Desk)