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

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: its balance and flow stay on the leaderboard, because they are real, but it is left out of the share-of-supply figure, which is about coins that could actually be sold.
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 labelled exchange's wallets and deposit addresses, largest first — with its 30-day net flow (− = draining, + = filling). Figures cover the whole venue, not just the linked address. Venues marked inactive have not moved a coin from their own wallets in over a year; their coins still show here but are left out of the sell-ready supply figure above.

#	Exchange	Address	Balance	% supply	Net flow (30d)	Wallets
1	MEXC	Q01050…c016	3,798,428 Quanta	4.76%	+522,524 Quanta	1 +3,648 deposit
2	Biconomy	Q01030…7649	295,235 Quanta	0.37%	+88,244 Quanta	1 +308 deposit
3

Exchange

Address

Balance

% supply

Net flow (30d)

Wallets

MEXC

Q01050…c016

3,798,428 Quanta

4.76%

+522,524 Quanta

+3,648 deposit

Biconomy

Q01030…7649

295,235 Quanta

0.37%

+88,244 Quanta

+308 deposit

Direction	Holder	Exchange	Value	Age
Deposit	Wistful MedusauaQ01050…ba29	MEXC Thumping KestrelqjQ01050…b8b1deposit address	150,000 Quanta	19d ago
Deposit	Wistful MedusauaQ01050…ba29	MEXC Thumping KestrelqjQ01050…b8b1deposit address	110,000 Quanta	19d ago
Deposit	Wistful MedusauaQ01050…ba29	MEXC Thumping KestrelqjQ01050…b8b1deposit address	105,876 Quanta	19d ago
Deposit	Wistful MedusauaQ01050…ba29	MEXC Thumping KestrelqjQ01050…b8b1deposit address	90,000 Quanta	19d ago
Deposit	Wistful MedusauaQ01050…ba29	MEXC Thumping KestrelqjQ01050…b8b1deposit address	80,000 Quanta	19d ago

Direction

Holder

Exchange

Value

Age

Deposit

Wistful MedusauaQ01050…ba29

MEXC

Thumping KestrelqjQ01050…b8b1deposit address

150,000 Quanta

19d ago

Deposit