According to a CryptoQuant Quicktake post published earlier today, Bitcoin (BTC) may be on the verge of a significant price rally. Since February 6, net flow across crypto exchanges has remained negative – a historically bullish signal for the digital asset.
Bitcoin To Benefit From Negative Exchange Net Flow
The past 24 hours have been highly volatile for the crypto market, with liquidations exceeding $360 million, the majority involving long positions. However, despite this market pullback, on-chain data remains bullish, suggesting that concerns may be overstated.
In a Quicktake post shared today, CryptoQuant analyst ibrahimcosar highlighted Bitcoin’s exchange flows. He noted that since February 6, BTC has experienced a persistent negative net flow across trading platforms.
To explain, when a large quantity of BTC is withdrawn from exchanges, it often indicates that investors – likely those who bought at lower prices – are expecting a price rally. These investors
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