Daily BTC sent to exchanges (inflow, red) and withdrawn from them (outflow, green).

Calculated by BGeometrics from our own Bitcoin full node, using a set of addresses labelled as belonging to exchanges. Inflow is the BTC received by those addresses during the day; outflow is the BTC spent from them.

Both series are dominated by the exchanges' own wallet management and by transfers between exchanges, so they usually move together. What matters is the gap between them, shown directly in the Netflow chart, and spikes in either series.

Address labelling never covers every exchange wallet, so absolute levels are an estimate; trends and large moves are more reliable than the exact figure.

API (subscription): Inflow · Outflow