In the past 7 days, flow data shows that BTC and ETH are still receiving relatively solid support, although the most recent session has shown signs of slowing down.
Notably, the cash flow on exchanges and ETF flows are giving us two fairly clear perspectives on market behavior that BTCVN4 finds quite interesting.
1. BTC – THE AMOUNT OF BTC ON EXCHANGES CONTINUES TO FALL
In the past 7 days, around 31,782 BTC, equivalent to about $2.52 billion, was withdrawn from centralized exchanges.
Some exchanges recorded significant BTC withdrawals, such as:
• Binance: about 19.500 BTC
• Coinbase Pro: about 6.700 BTC
• Kraken: about 2.816 BTC
More notably, the average netflow is:
• 7-day SMA: about -1.437 BTC/day
• 30-day SMA: about -648 BTC/day
• 90-day SMA: about -382 BTC/day
Meanwhile, on 1/10 there was again about +1,923 BTC net inflow into exchanges. (bro, be careful)
👉 This indicates a day when BTC flow returned to exchanges, but it is not enough to negate the ongoing trend of BTC being withdrawn from exchanges over multiple weeks.
2. ETH – CAPITAL FLOWS ARE ALSO SHOWING SIGNS OF ACCUMULATION
ETH also shows some notable signals.
Over the 7 days ending on 1/10, the Ethereum ETF recorded approximately:
+41.041 ETH ≈ +110,24 million USD
However, specifically on 1/10:
-5.171 ETH ≈ -13,89 million USD
So, like BTC, ETH is also showing an ETF outflow session, but the total ETF flows over the past 7 days are still positive.
Another notable point is on-chain data showing that the reported ETH whale wallets increased their holdings by about 60,000 ETH over the past week.
If this trend continues, it will be an important factor to watch because it suggests that a portion of large capital flows is still accumulating ETH.
3. BTC AND ETH ETF: 7 DAYS STILL POSITIVE
ETF data by the end of September shows that:
BTC:
➡️ 7 days: about +8.716 BTC / +742,56 million USD
ETH:
➡️ 7 days: about +95.515 ETH / +260,19 million USD
Then, on 1/10, both recorded net outflows:
🔻 BTC: about -1.796 BTC / -150,24 million USD
🔻 ETH: about -5.171 ETH / -13,89 million USD
The key point is that one outflow session is not enough to conclude that ETF capital flows have reversed.
We need to continue monitoring a few more sessions to determine whether this is only a short-term profit-taking activity or a real change in institutional demand.
4. SO WHAT DOES THE FLOW OF MONEY TELL US?
BTC
➡️ CEX netflow 7D: bearish
➡️ CEX netflow 30D: bearish
➡️ ETF 7D: positive
➡️ Latest session: ETF outflow appeared and CEX inflow appeared
→ The capital flow base is still relatively positive, but the short term needs monitoring.
ETH
➡️ ETF 7D: bearish
➡️ Whale shows signs of increasing holdings
➡️ Session 1/10: ETF outflow
→ Capital flows still show signs of support, but there is also short-term hesitation.
5. THE MOST IMPORTANT POINT
the fact that BTC is continuously withdrawn from CEX and the 7-day ETF flows are still positive indicates that demand and the need to hold are still present.
However, the session on 1/10 is a signal that needs to be watched.
if the ETF quickly returns to an inflow state and BTC/ETH continues to be withdrawn from CEX, that would further reinforce the view that long-term capital flows are still absorbing supply in the market.
CONCLUSION
The current 7-day data shows that:
BTC: capital flow baseline is relatively positive
ETH: still shows signs of being accumulated
Short term: needs monitoring because the ETF has just shown outflow
For the altcoin market, this is also very noteworthy data.
👉 Therefore, instead of only looking at the price, track ETF flows + exchange netflow + whale holdings + relative strength at the same time.
And BTCVN4 is noticing that October will be full of interesting developments. Let’s wait and see
