TechFlow news, according to analysis by OKG Research at OKLink Institute, from July 29 to the time of writing, large-value transfers (USD 5 million or more) on the BTC blockchain totaled 37,194 BTC flowing out—approximately USD 2.486 billion—according to OKLink data; there were no large-value inflows (USD 5 million or more) to exchanges from the chain, resulting in a net outflow of USD 2.486 billion. Here, inflow/outflow refers to fund movements from exchanges to the blockchain or vice versa.
This large-scale chain outflow exceeds today's early-morning movement from an address linked to the "U.S. government" (USD 2 billion), and is 19 times the average daily inflow into spot Bitcoin ETF channels.
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