The Exchange Inflow (SOVB) index from #HCCVenture is showing a significant increase in the proportion of $BTC capital flowing onto exchanges from the group holding between 1,000 and 10,000 $BTC, and especially from those holding over $10,000 $BTC.


- The proportion of $BTC flow has increased to over 60% of the total #Bitcoin transferred to exchanges in recent sessions.
- This is considered the highest level since the distribution around the peak at the end of 2025.
The appearance of unusual surges in #Bitcoin capital from whales is often accompanied by a supply distribution market after a recovery.
- The massive amount of $BTC being sent back to CEX/DEX exchanges is a sign that a "supply pressure" is being triggered and will last until the end of Q4/2026.
The sharp increase in whale capital flows onto the market typically occurs near medium-term market peaks before prolonged corrections or consolidation phases.
Therefore, according to #HCCVenture, "when the proportion of capital flows from large whales usually fluctuates below 20-25%, the current increase reflects a significant shift in the behavior of large-scale investors."
BTC-6.52%
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