Data shows the total Bitcoin inflows and outflows on exchanges have gone down in recent weeks as the general interest in the crypto remains low.
Bitcoin Total Exchange Flows Are Now At Multi-Year Lows
According to the latest weekly report from Glassnode, activity on exchanges has dropped to levels not observed since late 2020.
The “exchange inflow” is an indicator that measures the total amount of Bitcoin currently being deposited to wallets of all centralized exchanges. The “outflow” is just the opposite metric; it tells us about the number of coins being withdrawn from exchanges right now.