A recent analysis of Bitcoin Exchange Netflow data has revealed a significant trend in the cryptocurrency's market structure. Over the past week, net inflows totaled approximately 8,512 BTC across all exchanges, concentrated in two spikes on April 27 and April 30.
The market has so far absorbed this supply without immediate price damage, suggesting that demand at current levels is sufficient to match what holders are moving toward the sell side. However, the analysis identifies a risk: if the market stops absorbing new inflows, the overhang can quickly transition into real selling pressure.