In a post on X on April 1, Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, declared that Bitcoin sellers had “dried up.”Average exchange inflows down 64% since NovemberBitcoin sell-side pressure has eased considerably since its first push above the $100,000 mark in late 2024, data shows. Analyzing BTC inflows to major crypto exchanges, Adler revealed a sharp drop in the 7-day average total sent for sale.“The average selling pressure on top exchanges has dropped from 81K to 29K BTC per day,” he summarized alongside a CryptoQuant chart. “Welcome to the zone of asymmetric demand.”Bitcoin 7-day average exchange inflows.Source: Axel Adler Jr./XOn March 23, 7-day average inflows hit their lowest levels since May 2023, when BTC/USD traded at less than $30,000.
That said, short-term analysis warns of a fresh uptick in inflows this week — with the exception not of Coinbase but global exchange Binance.“Short Term Holders are sending significantly less BTC to Binance—only 6,300 BTC, compared to an average of 24,700 BTC to other exchanges,” CryptoQuant contributor Joao Wedson, founder and CEO of data analysis platform Alphractal, noted in one of its “Quicktake” blog posts. “This suggests lower selling pressure on Binance, with many traders possibly adopting a more neutral stance.”Binance vs.other exchange BTC inflows from short-term holders (screenshot).
Given that current prices are almost three times that amount, Adler sees the potential for light at the end of the tunnel for the 2025 Bitcoin bull market correction.“The market has successfully absorbed waves of profit-taking following the break above $100K,” he concluded. “Sellers have dried up, and buyers seem comfortable with current price levels - setting the stage for a structural supply shortage.
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Author / Journalist: Cointelegraph by William Suberg
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