Bitcoin records highest exchange outflows in over two years, driven by bullish sentiment among large holders following positive economic news. Significant accumulation of BTC amid reduced netflows signals investor confidence in future price rises, with current trading at approximately $94,578.
Bitcoin is witnessing a significant surge, particularly as market sentiment improves. This uplift follows Donald Trump’s announcement regarding potential reductions in tariffs against China, hinting at a possible resolution to the ongoing trade tensions that began in January 2025. In light of these developments, Bitcoin “whales”—large holders—have been busy accumulating BTC, with reports indicating that about 20,000 BTC has been purchased. Moreover, exchange outflows have spiked to heights not observed in over two years.
According to critical data from the on-chain platform CryptoQuant, Bitcoin is experiencing unprecedented outflows from exchanges, the highest since early 2023. Their analysis, conducted over a 100-day moving average, reveals a drastic decline in Bitcoin netflows, down by over 50% compared to the previous year. This trend is noteworthy as it reflects investors’ increasing preference to accumulate rather than liquidate their holdings, with many opting to transfer their Bitcoin into private wallets to await potentially higher prices for a sale.
CryptoQuant emphasised that the current outflow is the most significant since the FTX collapse’s aftermath in January 2023. When we see netflows drop this dramatically, it suggests market participants believe in a rebound, thus investing in long-term holding strategies.
Interestingly, large investors have recently returned to the market in a bullish manner. Data from Santiment indicates that the recent 11% surge in Bitcoin’s price seems to be closely linked to these whales who capitalised on the lower price to acquire substantial amounts of BTC swiftly. Specifically, those holding between 10 to 10,000 BTC added over 19,000 BTC to their holdings in just a week, indicating a clear recognition of the asset’s undervaluation.
As it stands, Bitcoin’s price hovers around $94,578. The current bullish sentiment among large investors might suggest that they expect further gains ahead. With a strong presence from the bulls, many market watchers speculate that this could be the beginning of a more sustained rally.
