L3 · Coin Flows
Exchange BTC net flow (7-day sum)
Inflow − outflow. Sustained outflow = coins leaving exchanges (hoarding); inflow = potential sell pressure. Flash data may be revised slightly next day.
Source：CoinMetrics（flash 口径）Level：core
Current reading · as of 2026-10-01
-25,758 BTC
Heavy outflow (withdrawals)7-day sum -25,758 BTC, latest day -4,356 BTC
Zones: rules and how often each occurred
| Zone | Rule | Share of history in this zone |
|---|---|---|
| Heavy outflow (withdrawals) ◀ now | < -10,000 BTC | 22.2% |
| Net outflow | -10,000 BTC ~ -2,000 BTC | 15.5% |
| Balanced | -2,000 BTC ~ +2,000 BTC | 13.4% |
| Net inflow | +2,000 BTC ~ +10,000 BTC | 17.8% |
| Heavy inflow (sell pressure) | ≥ +10,000 BTC | 31.1% |
Normal range
Current
-25,758 BTC
Percentile 8
Normal range (p10–p90)
-22,044 BTC ~ +29,955 BTC
80% of history
Typical (p25–p75)
-8,293 BTC ~ +13,711 BTC
median +1,619 BTC
Extremes
-174,917 BTC ~ +156,730 BTC
2011-04-24 – 2026-10-01, 5640 daily observations
p5 -33,094 BTCmedian +1,619 BTCp95 +42,972 BTC
Window: 2011-04-24 – 2026-10-01, 5640 daily observations. L1 macro gauges use post-2018 data only (macro had no explanatory power over BTC in 2010–2017); on-chain cycle gauges use full history. Percentiles describe position in history — not trade signals.
Judged series · full history 7-day sum · dashed = zone boundaries; blue band = normal range (light p10–p90, dark p25–p75)
Cumulative exchange BTC net flow (full history)
For reference: BTC price (log) same time axis, linked hover
Rules and evidence grades: Methodology; rule changes are logged in Corrections.