Flows

Exchange netflow (BTC/day)

How many bitcoin entered known exchange wallets today minus how many left.

Why it matters

A coin that enters an exchange can be sold; one that leaves can't — not there, anyway. That's why net inflow reads as sell pressure building and net outflow as accumulation. It's one of the few signals on this site that looks at intent rather than valuation. The mandatory caveat: this depends entirely on knowing which addresses belong to an exchange, and that's a heuristic label produced by clustering, not a published fact. An exchange internally reshuffling its own wallets can show up here as flow without anybody having bought or sold anything.

Build it yourself

Drag the day's inflow and outflow and watch the net.

Netflow = Inflow − Outflow
Day's netflow (BTC)

Illustrative example numbers for practice — not real data.

How it's calculated, step by step

  1. Block by block, the project groups addresses into entities (clustering) and marks those belonging to known exchanges, accumulating per day how many BTC entered and how many left that set.
  2. Netflow = inflow − outflow. Positive = coins are arriving; negative = coins are leaving.
  3. It's aggregated across ALL exchanges into a single figure, not per exchange — a deliberate project decision to get one validated headline number before breaking it down.
Coincident signal. Coincident: it describes what is moving today. The raw number is hard to read because its normal scale changes over the years, which is why the metric that fires alerts isn't this one but its z-score (the next indicator). The chart below will be nearly empty, and it's worth knowing why: this series can't be backfilled, it accumulates block by block as the project groups addresses into entities, so it starts the day that process started and grows from there.

Chart

This is real Bitcoin data, computed from the blockchain — not the illustrative example above.

Data last updated on 2026-09-09.

← All indicators