🟠 $BTC: Aggregate exchange netflow averaged +717 BTC/day over seven days, 772% above the quarterly baseline, while NVT Golden Cross reached 0.80.
Whale deposits also rose: Coinbase inflows from 1K–10K BTC entities averaged +712 BTC/day.
Supply broadened across venues, with OKX +4,590%, Bitget +441%, and Upbit +236% versus quarterly baselines.
Meanwhile, 10y+ cohort spending increased 102% to 326 BTC/day, while Binance funding stayed near 0.00–0.01 and Coinbase Premium remained negative at -0.04.
With supply arriving faster than institutional spot demand, the market may need an absorption phase before positioning resets.
#Bitcoin #BTC #OnChain
Whale deposits also rose: Coinbase inflows from 1K–10K BTC entities averaged +712 BTC/day.
Supply broadened across venues, with OKX +4,590%, Bitget +441%, and Upbit +236% versus quarterly baselines.
Meanwhile, 10y+ cohort spending increased 102% to 326 BTC/day, while Binance funding stayed near 0.00–0.01 and Coinbase Premium remained negative at -0.04.
With supply arriving faster than institutional spot demand, the market may need an absorption phase before positioning resets.
#Bitcoin #BTC #OnChain
