Why are coins still flowing out despite SOPR near

Why are coins still flowing out despite SOPR nearing danger levels?

Exchange Netflows remained negative, as of writing, with a 2.35% drop reflecting consistent outflows totaling over 31K BTC. This trend highlights that investors continue withdrawing coins, likely for self-custody or long-term holding. 

Typically, rising SOPR would signal increased deposits for profit-taking, but that is not yet evident here. Therefore, the outflows challenge the bearish SOPR implications and suggest deeper accumulation in play. 

However, should SOPR breach 1.02 and exchange inflows suddenly rise, it could confirm a shift to distribution. For now, the bias remains toward reduced sell pressure from large holders.