Flow Types
To Exchange (Inflow)
BTC moving onto a trading venue (often before selling)
What is To Exchange (Inflow)?
Sender = non-exchange, recipient = labeled exchange. BTC arriving at a venue where it can be sold or traded. Sustained inflows historically correlate with selling pressure but timing varies (deposits precede sales by hours-days).
How much BTC moved to exchanges recently?
| To exchanges (30 days) | 425,274 BTC |
|---|---|
| From exchanges (30 days) | 385,058 BTC |
| Share of all classified whale volume | 1.9 % |
| Qualifying transactions | 3,997 |
| Latest transaction | 2026-08-25 |
How to read this. Coins moving to an exchange are coins being positioned where they can be sold. That is not the same as a sale — plenty of deposits are collateral moves or custody reshuffles — but the coins have become sellable, and that is the observable fact.
How we calculate it. Every large transaction on our node is classified by looking up whether the sending and receiving addresses carry an exchange label. The direction of that pair determines the flow type. Only labelled counterparties can be classified at all.
Where this approximates. The number is only as good as the labels behind it, and label coverage is uneven — exchanges that publish no address-level proof are invisible here, so their flows silently do not count. Note also that the bulk of whale volume is neither deposit nor withdrawal but internal movement: self-sends and exchange-internal transfers dominate by volume and are excluded from these figures on purpose.
Rolling 30-day window · latest data 2026-08-25 · source: our own Bitcoin node