Crypto: Bitcoin 'anomalous' Outflow Sees 32k BTC Leave Exchanges In A...
Bitcoin exchange withdrawals spiked to more than $2 billion of BTC on Wednesday, with analysis eyeing a potential major spot buy.
Bitcoin (BTC) “largescale accumulation” is on the radar after 31,900 BTC left Bitfinex in a single day.
Bitcoin exchange withdrawals spark hope of a fresh round of accumulation this week.
Bitfinex sees its largest daily BTC outflow since June 2025 at around 25,000 BTC.
Exchange stablecoin flows point to Bitcoin dip-buying.
New analysis released on Friday by Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, confirmed that a major BTC buy occurred this week.
On Wednesday, exchange outflows suddenly spiked, with the day’s total withdrawals nearing 32,000 BTC ($2.26 billion).
“Total outflow for the week reached approximately 47,700 BTC - one of the highest weekly figures over the past year,” Adler wrote.
For the week through Friday, exchange flows were net negative every day — a phenomenon that Adler says has bullish implications for the BTC price trend.
“A sustained negative BTC netflow typically signals reduced potential selling pressure in the spot market,” he continued.