Definition. Treasury Net Flows (Governments) is the daily position change for government entities with crypto investments. The series displays individual government flows, supporting monitoring of accumulation and distribution patterns by specific governments.

Technical. Flows are not derived by directly tracking wallets, but rather are aggregated from publicly available reports.

Interpretation. Positive values indicate accumulation (buying activity), while negative values indicate distribution (selling activity).

Notes. Source data provided by CoinGecko.