Bitcoin Spot Flows and Whale Activity Suggest Potential Sell-Off
A recent analysis of Bitcoin's [BTC] spot flows has revealed that $211.24 million worth of BTC moved into exchanges over the past week.
The market sentiment remains predominantly pessimistic, with the Fear and Greed Index readings ranging between 28 and 40 since the start of 2026.
The $65K bottleneck continues to pose a challenge for Bitcoin bulls, while capital inflows and fresh liquidity have been scarce.
The Coin Days Destroyed metric, which measures the number of days it takes for coins to be spent, has spiked to highs not seen throughout 2026, potentially signaling panic selling. However, this spike may also be attributed to the Coldcard hack that contributed significantly to the CDD.
The exchange whale ratio, which tracks the proportion of large inflow transactions relative to total exchange inflows, remains elevated in 2026, indicating a bearish signal as large holder inflows can see sizeable selling pressure.