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.

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

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. Labelled wallets only.

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 labelled exchange (deposit + hot + cold wallets). 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 between two labelled exchange wallets are excluded so the feed leans toward genuine deposits and withdrawals.
Coverage: Only curated, labelled exchange wallets count, so every figure is a lower bound — an unlabelled exchange wallet is missed until it is tagged. Labels are added over time, so coverage improves.

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.
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.

#	Exchange	Address	Balance	% supply	Net flow (30d)	Wallets
1	MEXC	Q01050…c016	3,353,085 Quanta	4.20%	+100,813 Quanta	1
2	Tapbit	Q01060…df1d	211,684 Quanta	0.27%	-26,150 Quanta	1
3	Biconomy	Q01030…7649	175,721 Quanta	0.22%	+49,406 Quanta	1

Exchange

Address

Balance

% supply

Net flow (30d)

Wallets

MEXC

Q01050…c016

3,353,085 Quanta

4.20%

+100,813 Quanta

Tapbit

Q01060…df1d

211,684 Quanta

0.27%

-26,150 Quanta

Biconomy

Q01030…7649

175,721 Quanta

0.22%

+49,406 Quanta

Direction	Holder	Exchange	Value	Age
Deposit	Robust StoatQ01050…b8b1	Jolly SealQ01050…c016	89,999 Quanta	24d ago
Deposit	Modest DotterelQ01050…cba7	Jolly SealQ01050…c016	49,999 Quanta	24d ago
Withdrawal	Ivory RuffQ00040…7fd3	Jolly SealQ01050…c016	28,080 Quanta	29d ago
Withdrawal	Modest AvocetQ01050…28e8	Mighty PheasantQ01030…7649	20,049 Quanta	19d ago
Deposit	Patient SnipeQ01030…a7ef	Mighty PheasantQ01030…7649	20,049 Quanta	11d ago

Direction

Holder

Exchange

Value

Age

Deposit

Robust StoatQ01050…b8b1

Jolly SealQ01050…c016

89,999 Quanta

24d ago

Deposit

Modest DotterelQ01050…cba7