The modern analysis says that Bitcoin (BTC) is in the face of a modern “consolidation zone” because the inflow of the exchanges tag minima for many years.
In April 1 Post on XAxel Adler Jr., co -founder of the Onchain Cryptquant analytical platform, said that Bitcoin sellers had “dried”.
The average replacement drops by 64% from November
The data show that the pressure on the Bitcoin side has significantly alleviated from the first push above 100,000 USD at the end of 2024.
Analyzing the BTC inflows for the main cryptographic exchanges, Adler revealed a edged decrease in a seven -day average total sum sent for sale.
“The average sales pressure on the best exchanges dropped from 81,000 BTC a day,” he said next to the cryptochant chart.
“Welcome to the asymmetrical demand zone.”
Bitcoin 7-day exchange effect. Source: AXEL ADLER JR./X
On March 23, the average seven -day influence reached the lowest levels since May 2023, when BTC/USD traded less than USD 30,000.
Considering that current prices are almost three times, Adler sees the potential of lightweight at the end of the tunnel in terms of correction of the Bitcoin bull bull market.
“The market successfully consumed waves of making profits after a break above $ 100,000,” he concluded.
“Sellers have dried up, and buyers seem comfortable with current price levels – establishing a scene for a deficiency of structural supply. April -May can change into a consolidation zone – peace before the next impulse.”
The influence of Binance indicates “a more neutral attitude”
According to Cointelegraph, signs already indicate that market moods have compliance with price reality.
Related: Bitcoin trader problems “Albulated” warning as btc price eyes 84 thousand
The Coinbase bonus, which works as proxy for American exchange demand, still turns a neutral level, recovers from negative territory despite any price reflection.
After saying, short-term analysis warns against a modern enhance in influx of influx this week-with the exception of global binance exchange.
“Short -term owners send much less BTC to Binance – only 6300 BTC, compared to an average of 24,700 BTC to other exchanges”, Joao Wedson, founder and general director of the Alpraktal data analysis platform, mentioned in one of her “Rapid“Blog posts.
“This suggests lower sales pressure at Binance, and many traders probably take a more neutral attitude.”
Binance vs. Other BTC revenues from compact -term owners (screenshot). Source: Cryptoquant
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
