More than 27,740 Bitcoin
BTCUSD
valued at $2.4 billion were withdrawn from exchanges on March 25, marking the highest daily outflow since July 31, 2024. Meanwhile, US spot Bitcoin exchange-traded funds (ETFs) are experiencing continued inflows, indicating a resurgence in institutional demand.
Are we on the brink of a Bitcoin bull run?
Bitcoin exchange outflows reach a 7-month peak
Bitcoin is attempting to break the $90,000 barrier as the supply on exchanges continues to dwindle.
Upon closer examination, a significant portion of these withdrawals stemmed from crypto whales, or entities possessing at least 1,000 BTC, who withdrew over 11,574 BTC, equivalent to roughly $1 billion, from exchanges on March 25.
High outflows from exchanges, particularly those initiated by whales, alleviate sell pressure, often signifying accumulation and a bullish outlook, which can lead to price surges.
In addition, blockchain analytics firm Arkham Intelligence reported that a “billionaire Bitcoin whale” acquired 2,400 BTC valued at over $200 million on March 24. Despite some liquidation in February, this whale now holds more than 15,000 BTC.
The whale began accumulating Bitcoin five days ago after liquidating holdings when Bitcoin’s price varied between $100,000 and $86,000 in February. This behavior suggests that large investors view recent lows as prime buying opportunities in anticipation of higher prices.
Spot Bitcoin ETF flows show a “positive shift”
Another indication of significant investors re-entering the market is the consistent inflow of capital into spot Bitcoin ETFs since March 14. These ETFs have recorded inflows for eight consecutive days, totaling $896.6 million.
“ETFs have shown a positive trend since March 14, along with $BTC and altcoins,” stated market data provider Santiment.
“This marks the longest streak of inflows in 2025.”
💸📈 ETFs have shown a positive trend since March 14, as have $BTC and altcoins. For the seventh consecutive day, there has been more money flowing into Bitcoin ETFs (positive inflow) than out of them (negative inflow). This is the longest streak in 2025. pic.twitter.com/9V1LNQ95uX
As reported by Cointelegraph, digital asset investment products have also seen weekly net inflows for the first time in five weeks.
BTC price eyes crucial trendline to reignite bull market
Data from Cointelegraph Markets Pro and TradingView indicates that the
BTCUSD
is currently trading at $88,265, reflecting a 1.2% increase over the past 24 hours. The BTC price encounters resistance from the 20-week exponential moving average (EMA), located at $88,682.
For the bull run to continue, Bitcoin must convert this level into support. The chart below illustrates that surpassing the 20-week EMA has often preceded significant rallies in Bitcoin’s price.
Note that when the BTC price surpassed this moving average in October 2023, it surged approximately 170% from $27,000 on October 16, 2023, to a new all-time high exceeding $73,000 on March 14, 2024.
A similar pattern occurred when prices climbed above the 20-week EMA in September 2024, leading to a 77% surge from $60,000 to $108,000 by December 2024.
Analyst Decode emphasized the significance of this trendline, stating that the moving average is currently the “most important level for Bitcoin.”
Furthermore, Keith Alan, co-founder of the trading resource Material Indicators, mentioned that Bitcoin must reclaim the 2025 yearly opening price around $93,300 to confirm a trajectory toward all-time highs.
This article does not constitute investment advice or recommendations. Each investment and trading decision involves risk; readers should conduct their own research prior to making any decisions.
