Source: Cointelegraph.com NewsBitcoin (BTC) faces a new \u201cconsolidation zone\u201d as exchange inflows tag multiyear lows, new analysis says.
\nIn an April 1 post on X, Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, declared that Bitcoin sellers had \u201cdried up.\u201d<\/p>\n
Average exchange inflows down 64% since November Source: Cointelegraph.com NewsBitcoin (BTC) faces a new \u201cconsolidation zone\u201d as exchange inflows tag multiyear lows, new analysis says. In an April 1 post on X, Axel Adler Jr., a contributor… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126219"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126219"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126219\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126219"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nBitcoin sell-side pressure has eased considerably since its first push above the $100,000 mark in late 2024, data shows.\u00a0
\nAnalyzing BTC inflows to major crypto exchanges, Adler revealed a sharp drop in the seven-day average total sent for sale.
\n\u201cThe average selling pressure on top exchanges has dropped from 81K to 29K BTC per day,\u201d he said alongside a CryptoQuant chart.\u00a0
\n\u201cWelcome to the zone of asymmetric demand.\u201d
\nBitcoin 7-day average exchange inflows. Source: Axel Adler Jr.\/XOn March 23, seven-day average inflows hit their lowest levels since May 2023, when BTC\/USD traded at less than $30,000.
\nGiven that current prices are almost three times that amount, Adler sees the potential for light at the end of the tunnel for a 2025 Bitcoin bull market correction.
\n\u201cThe market has successfully absorbed waves of profit-taking following the break above $100K,\u201d he concluded.\u00a0
\n\u201cSellers have dried up, and buyers seem comfortable with current price levels – setting the stage for a structural supply shortage. April-May could turn into a consolidation zone – a calm before the next impulse.\u201d
\nBinance inflows hint at a \u201cmore neutral stance\u201d
\nAs Cointelegraph reported, signs already hint that market sentiment has become aligned with price reality.
\nRelated: Bitcoin trader issues \u2018overbought\u2019 warning as BTC price eyes $84K
\nThe Coinbase Premium, which acts as a proxy for US exchange demand, continues to circle neutral levels, recovering from negative territory despite no real price rebound.
\nThat said, short-term analysis warns of a fresh uptick in inflows this week \u2014 with the exception of global exchange Binance.
\n\u201cShort Term Holders are sending significantly less BTC to Binance \u2014 only 6,300 BTC, compared to an average of 24,700 BTC to other exchanges,\u201d CryptoQuant contributor Joao Wedson, founder and CEO of data analysis platform Alphractal, noted in one of its \u201cQuicktake\u201d blog posts.\u00a0
\n\u201cThis suggests lower selling pressure on Binance, with many traders possibly adopting a more neutral stance.\u201d
\nBinance vs. other exchange BTC inflows from short-term holders (screenshot). Source: CryptoQuantThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"