Bitcoin exchange inflows show heavy institutional activity, virtually no LTH selling
The post Bitcoin exchange inflows show heavy institutional activity, virtually no LTH selling appeared on BitcoinEthereumNews.com.
Bitcoin exchange inflows over the past month have been driven almost entirely by freshly moved supply, with minimal involvement from long-dormant holders. Nearly three-quarters of all daily deposits across major exchanges consisted of coins that had last moved less than 24 hours earlier, pointing to high-frequency repositioning activity rather than strategic distribution. This type of churn, dominated by recent outputs and large-value transactions, suggests that the bulk of near-term sell-side pressure stems from professional entities cycling liquidity or managing inventory rather than from broader capitulation among long-term participants. The dominance of ultra-fresh supply is consistent across the dataset. On average, coins younger than 24 hours comprised 75.3% of all daily inflows between April 6 and May 6. The highest single-day reading occurred on May 6, when this bracket represented 86.2% of all inflows. Another spike in short-term coin movement appeared on May 3, when the 1–7 day age band surged to 44.3%. This was the only day in the sample when longer, though still recent, coin movement outpaced same-day turnover. Despite these variations, the overarching pattern remains unchanged: the vast majority of inflows are driven by coins that were either newly minted or recently circulated rather than by older or untouched holdings. Spent output age bands for Bitcoin exchange inflows from April 8 to May 7 (Source: CryptoQuant) Long-term holders, meanwhile, have shown almost no activity in this period. Coins older than one year comprised just 0.7% of all inflows on average, peaking at 7.6% on April 10 but otherwise remaining below 1%. This lack of participation from older supply indicates that deep-pocketed holders continue to exercise patience, opting to hold rather than take advantage of recent price strength. Their absence also limits the probability of an abrupt surge in exchange-based supply that could weigh on price action in the…
Filed under: News - @ May 9, 2025 1:21 am