Bitcoin (BTC) has entered a new “consolidation zone” as exchange inflows reach multiyear lows, according to recent analysis.
On April 1, Axel Adler Jr., a contributor to the on-chain analytics platform CryptoQuant, posted on X that the number of Bitcoin sellers had “dried up.”
Average exchange inflows down 64% since November
Since surpassing the $100,000 mark in late 2024, Bitcoin’s sell-side pressure has significantly decreased, as data indicates.
In examining BTC inflows to leading crypto exchanges, Adler pointed out a notable decline in the seven-day average total sent for sale.
“The average selling pressure on top exchanges has decreased from 81K to 29K BTC per day,” he remarked, sharing a chart from CryptoQuant.
“Welcome to the zone of asymmetric demand.”
Bitcoin 7-day average exchange inflows. Source: Axel Adler Jr./X
As of March 23, the seven-day average inflows reached their lowest since May 2023, when BTC/USD was trading under $30,000.
Given that current prices are nearly three times that figure, Adler believes there may be light at the end of the tunnel for a bullish correction in Bitcoin during 2025.
“The market has effectively absorbed waves of profit-taking after breaking above the $100K threshold,” he concluded.
“Sellers have dried up, and buyers appear comfortable with the current price levels – setting the stage for a structural supply shortage. April-May could become a consolidation zone – a calm period before the next impulse.”
Binance inflows hint at a “more neutral stance”
As reported by Cointelegraph, indicators suggest that market sentiment is beginning to align with actual price levels.
Related: Bitcoin trader issues ‘overbought’ warning as BTC price eyes $84K
The Coinbase Premium, which serves as a proxy for US exchange demand, remains around neutral levels, recovering from negative territory despite a lack of significant price rebounds.
However, short-term analyses caution against a potential increase in inflows this week—except for the global exchange Binance.
“Short Term Holders are sending noticeably less BTC to Binance—only 6,300 BTC, compared to an average of 24,700 BTC to other exchanges,” noted CryptoQuant contributor Joao Wedson, founder and CEO of data analysis platform Alphractal, in a “Quicktake” blog post.
“This indicates reduced selling pressure on Binance, with many traders possibly taking a more neutral stance.”
Binance vs. other exchange BTC inflows from short-term holders (screenshot). Source: CryptoQuant
This article does not provide investment advice or recommendations. All investment and trading moves carry risks, and readers are encouraged to conduct their own research before making any decisions.
