This metric represents the daily net movement of coins to and from exchange wallets, calculated as the difference between the inflow (deposits) and the outflow (withdrawals) of coins in native units.

A positive value indicates a net inflow, suggesting increased deposits into exchanges which can imply potential selling pressure or preparation for trading activity. Conversely, a negative value signifies a net outflow, reflecting higher withdrawals from exchanges, which may indicate a trend towards accumulation or long-term holding by investors.

Tracking this metric over time helps gauge market sentiment and investor behavior, offering insights into potential price movements and liquidity changes on exchanges.