Why does a drop in wholecoiner exchange flows matter?

[chainsniff]

When fewer wholecoiners send Bitcoin to exchanges, it usually means they are not planning to sell. This reduces selling pressure and keeps more supply locked away in wallets.

Lower exchange inflows from large holders often point to stronger long-term conviction. In simple terms: if big holders aren’t selling, it can support price stability or even future upside if demand increases.

[etfs]

i think the key point here is conviction. large holders sitting tight tends to reflect stronger long-term outlooks