The recent net outflow of Bitcoin (BTC) from exchanges over the past month indicates that investors are beginning to accumulate the cryptocurrency, according to CryptoQuant analyst, Darkfost. March was largely dominated by outflow from crypto exchanges, with one notable spike in inflows just before the asset reached a six-week high of $76,000. This trend has remained present while Bitcoin continues its liquidation phase. Inflows to exchanges are generally bearish as investors prepare to exchange the asset for stablecoins, which adds to selling pressure. However, outflows are often a sign of accumulation and a precursor to buying pressure. The removal of Bitcoin from centralized platforms indicates growing confidence in Bitcoin's fundamentals, suggesting a lack of interest in selling to hedge against price volatility.