Bitcoin Inflow/Outflow Ratio Near 2022 Lows Suggests Possible Accumulation and Support Around $100,000

Key Points

1. Bitcoin's inflow/outflow ratio has dropped to 0.9, a level last seen during the 2022 bear market, signaling reduced sell-side liquidity as BTC moves to private wallets.

2. The current data implies that the $100,000 to $110,000 range may represent a new accumulation zone, similar to the macro bottom near $15,500 in late 2022.

3. Over 19,400 BTC (valued at ~$2.11 billion) were transferred from dormant wallets, indicating long-term investor confidence in Bitcoin's future prospects.

4. Despite short-selling pressure in derivatives, Bitcoin's price has remained stable, suggesting institutional accumulation is reinforcing market stability.

5. Persistent outflows from exchanges reduce available supply, potentially establishing a structural bottom near $100,000 and setting the stage for a future breakout.