Recent on-chain data indicates significant Bitcoin (CRYPTO:BTC) accumulation by whales, with spot exchanges experiencing their highest outflows of the year.

The exchange netflow metric turned deeply negative, revealing over 46,000 BTC, worth more than $2.6 billion, exiting exchanges.

This trend suggests that large investors are moving their assets into self-custody, betting on a price rebound from current lows.

Additionally, derivatives exchanges have also seen substantial net outflows, implying that traders are reducing risk and potentially holding long-term.

The simultaneous outflows from both spot and derivatives platforms highlight a strong accumulation phase by Bitcoin whales.

This activity could be a bullish signal for Bitcoin's future price movements.