What is exchange net flow, and is it bullish or bearish?

Net flow is coins moving INTO exchange wallets minus coins moving OUT each day. A negative net flow (outflow) means more QRL is leaving exchanges than arriving — traders generally read it as accumulation and reduced sell pressure, since coins on exchanges are the ones readily available to sell. A positive net flow (inflow) is the opposite. It's a signal, not a guarantee.

What's the difference between inflow and outflow?

Inflow is the gross amount of QRL arriving on exchanges over a window; outflow is the gross amount leaving. Net flow is simply inflow minus outflow. Showing both halves matters: a quiet market has small inflow and outflow, while a churning one can move large amounts each way that happen to net near zero — which the net figure alone would hide.

How much QRL is on exchanges, and what does the balance trend show?

The supply-on-exchanges chart tracks the running balance held in labelled exchange wallets over time — the level, where net flow is the daily change. A rising line means coins are accumulating on exchanges (more sell-ready supply); a falling line means they are draining into private wallets. Watch the trend rather than the absolute number.

Does a big exchange balance or inflow mean a sell-off is coming?

No. Exchange wallets hold customer deposits and treasury floats, so a large balance just means a lot of QRL is custodied there — not that it will be sold. Rising balances and inflows lean toward sell pressure and falling balances toward accumulation, but these are probabilistic signals, best read alongside other indicators rather than as a prediction.

How are exchange wallets identified, and how complete is the coverage?

From a curated set of address labels — known deposit, hot and cold wallets for exchanges that hold QRL. Only labelled addresses count, so every figure is a lower bound: an unlabelled exchange wallet is not included until it is tagged. Labels are reviewed before they go live and added over time, so coverage improves.

Why does an exchange that stopped listing QRL still show a balance and a net flow?

Because both are real. Its wallets still hold the coins, and people occasionally still send to the personal deposit addresses it handed out years ago — where the coins are stranded, since nothing sweeps them any more. A venue whose own wallets have not moved a coin in over a year is marked inactive and left out of the share-of-supply figure, which is about coins that could actually be sold.

Can a large deposit or withdrawal just be the exchange moving its own funds?

Sometimes — exchanges shuffle coins between their own hot and cold wallets. To keep the largest-transfers feed meaningful, transfers between two labelled exchange wallets are excluded, so it leans toward genuine deposits (a holder sending to an exchange) and withdrawals (an exchange sending to a holder) rather than internal rebalances.

QRL Exchange Flows

Data as of 31 Oct 2026 (UTC)

QRL exchange flow is about how much QRL sits on exchanges, and whether it's moving in or out. This page tracks the balance held on exchanges over time, daily net flow with gross inflow and outflow split apart, a per-exchange balance leaderboard, and the largest recent deposits and withdrawals, all in Quanta. Coins leaving exchanges lean toward accumulation; coins arriving lean toward selling. For the largest holders behind these moves, see whales and the richlist.

How to read exchange flows

Outflow (coins leaving exchanges) leans bullish; inflow leans bearish. Balance is the level, net flow the momentum. Deposits are counted at the personal deposit address they actually land on.

Show the field guide

Net flow: Coins moving into exchange wallets minus coins moving out, per day. Negative = net outflow (often read as accumulation / reduced sell pressure); positive = net inflow (potential selling). It is the momentum, a signal, not a forecast.
Gross inflow / outflow: The two halves behind net flow: gross inflow is all coins arriving on exchanges over the window; gross outflow is all coins leaving. Net = inflow − outflow. Watching both separates a quiet market (small in and out) from a churning one (large in and out that happen to net near zero).
Supply on exchanges: The running balance held on exchanges, day by day: the level, where net flow is the daily change. Rising means coins accumulating on exchanges (more sell-ready supply); falling means coins draining into self-custody.
% of supply on exchanges: Share of all held QRL sitting in labelled exchange wallets: a liquidity / sell-ready proxy. Watch the trend, not the absolute.
Per-exchange balance: Current QRL custodied by each exchange: its hot and cold wallets plus the personal deposit addresses still holding coins on its behalf. A large balance means a lot is custodied there, not that it will be sold.
Largest deposits & withdrawals: The biggest single transfers into and out of exchanges, by value. A large one can be a real holder move or an exchange shuffling its own funds. Transfers internal to one exchange (sweeps, hot/cold rebalances) are excluded so the feed leans toward genuine deposits and withdrawals.
Why deposit addresses matter: Almost nobody sends coins straight to an exchange’s main wallet. Each user is handed a personal deposit address, and the exchange sweeps it into the main wallet later. So we treat a confirmed deposit address as part of the exchange: a deposit counts when it reaches that address (the day it really happened, with the real sender shown), and the later sweep is internal and ignored. Without this, an exchange moving coins through its own deposit addresses would register as both a withdrawal and a deposit, which on QRL inflated the gross figures by about a fifth.
Inactive exchanges: Some venues stopped supporting QRL years ago but still hold coins, and people occasionally still send to their old deposit addresses, where the coins are stranded, not deposited, because nothing sweeps them any more. A venue whose own wallets have not moved a coin in over a year is marked inactive, and a venue known to have shut down (Bittrex) is marked closed. Both are listed below the active exchanges: their balance stays, because those coins are real, but they are left out of the share-of-supply figure, which is about coins that could actually be sold, and their 30-day net flow is shown as “—” because coins arriving there are not exchange flow.
Exchanges with several wallets: Some exchanges use more than one wallet (XT has three, Cointiger a hot and a cold wallet). The leaderboard shows one row per exchange and lists each wallet under its own name, so you can still see which address belongs to which exchange. Moving coins between two wallets of the same exchange is internal and does not count as flow.
Coverage: Everything is anchored to curated, labelled exchange wallets, so every figure is a lower bound: an unlabelled exchange wallet is missed until it is tagged, along with its deposit addresses. Deposit addresses themselves are detected from on-chain behaviour and re-checked daily, so new ones are picked up automatically.

FAQ about exchange flow

Common questions about this page

What is exchange net flow, and is it bullish or bearish?: Net flow is coins moving INTO exchange wallets minus coins moving OUT each day. A negative net flow (outflow) means more QRL is leaving exchanges than arriving — traders generally read it as accumulation and reduced sell pressure, since coins on exchanges are the ones readily available to sell. A positive net flow (inflow) is the opposite. It's a signal, not a guarantee.
What's the difference between inflow and outflow?: Inflow is the gross amount of QRL arriving on exchanges over a window; outflow is the gross amount leaving. Net flow is simply inflow minus outflow. Showing both halves matters: a quiet market has small inflow and outflow, while a churning one can move large amounts each way that happen to net near zero — which the net figure alone would hide.
How much QRL is on exchanges, and what does the balance trend show?: The supply-on-exchanges chart tracks the running balance held in labelled exchange wallets over time — the level, where net flow is the daily change. A rising line means coins are accumulating on exchanges (more sell-ready supply); a falling line means they are draining into private wallets. Watch the trend rather than the absolute number.
Does a big exchange balance or inflow mean a sell-off is coming?: No. Exchange wallets hold customer deposits and treasury floats, so a large balance just means a lot of QRL is custodied there — not that it will be sold. Rising balances and inflows lean toward sell pressure and falling balances toward accumulation, but these are probabilistic signals, best read alongside other indicators rather than as a prediction.
How are exchange wallets identified, and how complete is the coverage?: From a curated set of address labels — known deposit, hot and cold wallets for exchanges that hold QRL. Only labelled addresses count, so every figure is a lower bound: an unlabelled exchange wallet is not included until it is tagged. Labels are reviewed before they go live and added over time, so coverage improves.
Why does an exchange that stopped listing QRL still show a balance and a net flow?: Because both are real. Its wallets still hold the coins, and people occasionally still send to the personal deposit addresses it handed out years ago — where the coins are stranded, since nothing sweeps them any more. A venue whose own wallets have not moved a coin in over a year is marked inactive and left out of the share-of-supply figure, which is about coins that could actually be sold.
Can a large deposit or withdrawal just be the exchange moving its own funds?: Sometimes — exchanges shuffle coins between their own hot and cold wallets. To keep the largest-transfers feed meaningful, transfers between two labelled exchange wallets are excluded, so it leans toward genuine deposits (a holder sending to an exchange) and withdrawals (an exchange sending to a holder) rather than internal rebalances.

QRL held per exchange

Current balance of each exchange (all of its labelled wallets plus its deposit addresses), largest first, with its 30-day net flow (− = draining, + = filling). Exchanges with several wallets are one row, with each wallet listed by name. Exchanges that are closed or inactive are listed last: their coins still show here but are left out of the sell-ready supply figure above, and coins still sent to them are stranded, so no net flow is shown.

#	Exchange	Wallets	Balance	% supply	Net flow (30d)	Addresses
1	MEXC	Q01050…c016	3,612,043 Quanta	4.52%	-248,331 Quanta	1 +3,705 deposit
2	Biconomy	Q01030…7649	316,540 Quanta	0.40%	-1,934 Quanta	1 +345 deposit
3

Exchange

Wallets

Balance

% supply

Net flow (30d)

Addresses

MEXC

Q01050…c016

3,612,043 Quanta

4.52%

-248,331 Quanta

+3,705 deposit

Biconomy

Q01030…7649

316,540 Quanta

0.40%

-1,934 Quanta

+345 deposit

Direction	Holder	Exchange	Value	Age
Withdrawal	Dreamy Tamandua7h443Q01040…4156	MEXC Q01050…c016	327,488 Quanta	3d ago
Withdrawal	Fluffy Pronghorn3b494Q01050…02b2	MEXC Q01050…c016	53,098 Quanta	11d ago
Deposit	Rusty Kuduww356Q01050…c980	MEXCdeposit address Q01050…3c32	50,000 Quanta	11d ago
Deposit	Tough Barramundivr247Q00040…4187	MEXCdeposit address Q01050…cf76	32,616 Quanta	22d ago
Deposit	Spherical Bullfrogj2929Q01050…e871	MEXCdeposit address Q01050…3c32	30,000 Quanta	22d ago

Direction

Holder

Exchange

Value

Age

Withdrawal

Dreamy Tamandua7h443Q01040…4156

MEXC

Q01050…c016

327,488 Quanta

3d ago

Withdrawal

Fluffy Pronghorn3b494Q01050…02b2

MEXC

Q01050…c016

53,098 Quanta

11d ago

Deposit

Rusty Kuduww356Q01050…c980

MEXCdeposit address

Q01050…3c32

50,000 Quanta

11d ago

Deposit

Tough Barramundivr247Q00040…4187

MEXCdeposit address

Q01050…cf76

32,616 Quanta

22d ago

Deposit

Spherical Bullfrogj2929Q01050…e871

MEXCdeposit address

Q01050…3c32

30,000 Quanta

22d ago

QRL held per exchange

#	Exchange	Wallets	Balance	% supply	Net flow (30d)	Addresses
1	MEXC	Q01050…c016	3,612,043 Quanta	4.52%	-248,331 Quanta	1 +3,705 deposit
2	Biconomy	Q01030…7649	316,540 Quanta	0.40%	-1,934 Quanta	1 +345 deposit
3

Exchange

Wallets

Balance

% supply

Net flow (30d)

Addresses

MEXC

Q01050…c016

3,612,043 Quanta

4.52%

-248,331 Quanta

+3,705 deposit

Biconomy

Q01030…7649

316,540 Quanta

0.40%

-1,934 Quanta

+345 deposit

Direction	Holder	Exchange	Value	Age
Withdrawal	Dreamy Tamandua7h443Q01040…4156	MEXC Q01050…c016	327,488 Quanta	3d ago
Withdrawal	Fluffy Pronghorn3b494Q01050…02b2	MEXC Q01050…c016	53,098 Quanta	11d ago
Deposit	Rusty Kuduww356Q01050…c980	MEXCdeposit address Q01050…3c32	50,000 Quanta	11d ago
Deposit	Tough Barramundivr247Q00040…4187	MEXCdeposit address Q01050…cf76	32,616 Quanta	22d ago
Deposit	Spherical Bullfrogj2929Q01050…e871	MEXCdeposit address Q01050…3c32	30,000 Quanta	22d ago

Direction

Holder

Exchange

Value

Age

Withdrawal

Dreamy Tamandua7h443Q01040…4156

MEXC

Q01050…c016

327,488 Quanta

3d ago

Withdrawal