The ratio of outflows/inflows decreased to 0.9, indicating a strong accumulation phase and stronger long-term holding behavior at the aggregate market level.

Many companies and governments are adopting Bitcoin in their treasury plans, providing further evidence of Bitcoin's growing status as a digital store of value.
The number of long-term cryptocurrency holders is increasing, indicating sustainable demand in the spot market as exchange flows continue to dominate current cryptocurrency movement trends.
Bitcoin outflows are still higher than inflows, indicating a market that primarily relies on long-term investor confidence. This trend suggests a preference for a holding strategy, with increasing adoption by companies and governments.

Institutional adoption supports the dominance of external flow
In a recent update, Darkfost_Coc confirmed the continued strength of the spot Bitcoin market. According to the post, outflows remain the dominant movement across all exchanges. This trend indicates that market participants are withdrawing their assets to self-custody, a behavior typically associated with Long-term holding.

The post also indicated that major companies and governments are steadily adopting Bitcoin. As these assets increasingly engage in treasury strategies, their role as a store of value is growing. This trend reinforces the current market structure, where institutional confidence helps maintain support beneath the price.

This behavior is not common during periods of market uncertainty, as inflows often rise in preparation for selling. In fact, recent Bitcoin trends demonstrate mature market dynamics.