Bitcoin exchange inflows are reaching lows not seen in nearly a decade, according to the latest data from on-chain analytics platform CryptoQuant. Figures indicate a significant decline in daily BTC inflows since bitcoin’s all-time high of $73,800.

Notably, in April and May 2024, CryptoQuant observed some of the lowest daily inflows to major digital asset exchange accounts in the past 10 years.

On April 20, when BTC was hovering around the $64,500 mark, only 8,400 BTC flowed into exchanges. This flow is reminiscent of a time when bitcoin traded at less than $1,000 per coin in 2014.

Inflow of bitcoin to exchanges — CryptoQuant

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