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Bitcoin started to see increased inflows into centralized exchanges from Dec. 1, hinting at a potential selloff. 
According to data provided by IntoTheBlock, the Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) exchange net flows surged from a net outflow of $69 million to a net inflow of $326 million. The flagship cryptocurrency recorded a net inflow of $230 million on Dec. 3. 
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 <img loading="lazy" decoding="async" width="1200" height="800" src="https://crypto.news/app/uploads/2024/12/ITB_btc_netflows_undefined_2024-12-04T07_24_33.776Z.png" alt="Bitcoin exchange inflows surge, increasing the likelihood of a selloff - 12" class="wp-image-14316057">
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 BTC exchange net flow | Source: <a href="https://app.intotheblock.com/coin/BTC" target="_blank" rel="nofollow">IntoTheBlock</a>
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In total, over $562 million in Bitcoin entered CEX platforms, ITB data shows. 
Moreover, the asset’s large holder-to-exchange net flow ratio rose to 0.86% on Tuesday, per ITB data. The indicator suggests that Bitcoin <a href="https://crypto.news/tag/whales/" target="_blank">whales</a> have been more active than retail holders. 
 You might also like: <a rel="" href="https://crypto.news/whale-accumulates-millions-dollars-link-token-surged/"> Whale accumulates millions dollars LINK, token price surges 28% </a> 
Data from the analytics platform shows that large Bitcoin transactions, worth at least $100,000, also increased from 17,960 to 25,830 in the same timeframe as the exchange net flows. 
The large transaction volume surged from $38.7 billion to $87.3 billion in BTC on Monday, Dec. 2. Bitcoin recorded a total of $169.6 billion in whale transactions over the last seven days, according to ITB. 
On-chain <a href="https://bitinfocharts.com/bitcoin/address/1PEUv3FjSWq88AgNYefeYaEhLWSiMW2vuy-nodusting" target="_blank" rel="nofollow">data</a> shows that an 11-year-old whale address with 2,700 BTC, worth over $257 million, transferred the Bitcoin holding to another wallet for the first time since December 2013, hinting at a potential selloff due to the 157 times return. 
The whale accumulated the Bitcoins when the price was hovering around $625 for a total of $1.68 million. 
Bitcoin is hovering at $96,500 after gaining 1% over the past 24 hours. Its market cap surpassed the $1.9 trillion market again. 
The increased exchange inflows could trigger <a href="https://crypto.news/glossary/fud-in-cryptocurrency-trading/" target="_blank">FUD</a> (fear, uncertainty and doubt) among retail investors. However, a spike in whale accumulation could shift the market sentiment and bring buying pressure. 
At this point, the next major bullish catalyst for Bitcoin and <a href="https://crypto.news/bitcoin-dominance-crumbles-top-10-altcoins-for-beginners/" target="_blank">altcoins</a> would be the potential U.S. Federal Reserve’s rate cut — the FOMC meeting is scheduled for Dec. 17 and 18. 
 Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. 
 Read more: <a rel="" href="https://crypto.news/pepe-whale-accumulation-increases-long-term-holders-decline/"> Pepe whale accumulation increases, long-term holders decline </a>

Bitcoin exchange inflows surge, increasing the likelihood of a selloff

crypto.news

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