Definition ∞ Spot BTC flows represent the movement of Bitcoin into or out of centralized exchanges, indicating real-time buying and selling pressure on the immediate market. Positive net flows suggest more Bitcoin is being deposited for sale, potentially increasing available supply. Negative net flows indicate Bitcoin is being withdrawn, suggesting accumulation or long-term holding. This metric offers a direct view of current market sentiment for Bitcoin.
Context ∞ Analysts closely monitor spot BTC flows as a primary indicator of Bitcoin’s short-term price direction. Significant outflows from exchanges often precede price increases, while large inflows can signal impending selling pressure. News reports frequently cite these flows to explain Bitcoin’s immediate market movements and investor sentiment shifts.
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