Analyst: The outflow of Bitcoin from CEX in the past 7 days has reached a recent high, and the inflow of stablecoins shows typical characteristics of large spot buying behavior

By: rootdata|2026/03/07 12:45:31
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Cryptocurrency market analyst Axel posted that in the past 7 days, btc-42">Bitcoin has seen a continuous net outflow from trading platforms, with a total of 47,700 coins for the week, marking a new high for weekly outflows in nearly a year. The daily net outflows of Bitcoin were: -2,867, -1,205, -251, -6,129, -1,819, -31,900, -3,478 coins. Among these, the significant anomaly on March 4th, with 31,900 coins, stands out; such a scale of daily outflow is usually related to large holders transferring to cold wallets, and it cannot be ruled out that some reflect internal transfers within custodial institutions. Continuous net outflows from trading platforms typically indicate a potential weakening of selling pressure in the spot market. If Bitcoin's net outflow continues in the next 3-5 days without a large-scale inflow, it can be confirmed as a "sustained accumulation" signal.

Additionally, the annual stablecoin net flow chart shows that at the beginning of March, there was a significant net inflow of about 1.1 billion USD, but it quickly turned into a net outflow, with the current reading at -37.5 million USD. Axel stated that the key to interpreting the data lies in the correlation; the large inflow of stablecoins at the beginning of March and the Bitcoin outflow anomaly on March 4th form a complete operational closed loop, where funds entered the trading platform in the form of stablecoins, were exchanged for BTC, and then moved to on-chain storage. This is a typical characteristic of large spot purchasing behavior.

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