Analyst: Bitcoin CEX Outflow Hits Recent High in Past 7 Days, Stablecoin Inflow Shows Typical Large Spot Purchase Behavior

Cryptocurrency market analyst Axel stated that in the past 7 days, Bitcoin has seen a continuous net outflow from trading platforms, with a weekly total of 47,700 coins, reaching a new high for single-week outflows in nearly a year. From February 27 to March 5, daily net outflows of Bitcoin were: -2,867, -1,205, -251, -6,129, -1,819, -31,900, -3,478 coins. The significant movement of 31,900 coins on March 4 is usually associated with large holders transferring to cold wallets, or possibly reflecting internal transfers within custodial institutions. Continuous net outflows from trading platforms typically indicate weakening potential selling pressure in the spot market. If Bitcoin net outflows continue for the next 3-5 days without significant inflows, it can be confirmed as a signal of sustained accumulation. In addition, the annual stablecoin net flow chart shows a large inflow of approximately $1.1 billion in early March, which quickly turned into a net outflow, with the current reading at -$37.5 million. Axel emphasized the importance of interpreting data in relation to each other, as the large inflow of stablecoins in early March and the Bitcoin outflow on March 4 form a complete operational loop, where funds enter trading platforms in stablecoin form, exchanged for BTC, and then moved to on-chain storage. This represents typical characteristics of large spot purchase behavior.

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