Correct. 

https://dergigi.com/assets/images/bitcoin/2020-09-19-flows/02.png 
https://dergigi.com/assets/images/bitcoin/2020-09-19-flows/03.png
https://dergigi.com/assets/images/bitcoin/2020-09-19-flows/04.png
https://dergigi.com/assets/images/bitcoin/2020-09-19-flows/05.png

https://dergigi.com/threads/flows