Analyst: Over the past 7 days, Bitcoin CEX outflow has hit a recent high, with stablecoin inflows showing typical large-scale spot buying behavior characteristics

On March 7, cryptocurrency market analyst Axel reported that Bitcoin has seen net outflows from exchanges over the past seven days, totaling 47,700 BTC—marking a new annual high for single-week outflows. Between February 27 and March 5, daily net Bitcoin outflows were: -2,867, -1,205, -251, -6,129, -1,819, -31,900, and -3,478 BTC. The largest single-day move was on March 4, with 31,900 BTC flowing out—typically linked to large entities transferring to cold wallets, and potentially reflecting institutional internal transfers. Sustained net outflows from exchanges typically signal weakening selling pressure in the spot market. If Bitcoin continues to see net outflows over the next 3-5 days without significant inflows, this will confirm a "sustained accumulation" signal. Additionally, the annual stablecoin net flow chart shows a large net inflow of roughly $1.1 billion in early March, which quickly reversed to net outflows; the current reading stands at -$37.5 million. Axel noted that the key to interpreting this data lies in correlation: the large stablecoin inflow in early March and the Bitcoin outflow anomaly on March 4 form a complete operational cycle. Funds enter exchanges via stablecoins, are converted to BTC, then withdrawn to on-chain storage—this is a classic trait of large-scale spot purchases.