CEX bitcoin net outflows top 98,000 BTC over 30 days as exchange reserves fall for a seventh straight week

BlockBeats reported on April 21 that crypto market analyst Axel said bitcoin's 30-day net flow across centralized exchanges flipped negative in early March. Net outflows peaked at 300,000 BTC on March 25 and still stood at a net outflow of 98,000 BTC as of April 21. Over the same period, exchange BTC reserves slid from 2.786 million to 2.681 million, extending the decline to seven consecutive weeks and bringing the cumulative drawdown to more than 105,000 BTC. Axel noted that April's price pullback did not trigger panic inflows, a pattern he said points to continued accumulation by long-term holders. He characterized the setup as a synchronized accumulation signal, while warning that net flows could still revert to positive territory.