Bitcoin ( BTC ) faces a new “consolidation zone” as exchange inflows tag multiyear lows, new analysis says. In an April 1 post on X , Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, declared that Bitcoin sellers had “dried up.” Average exchange inflows down 64% since November Bitcoin 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 seven-day average total sent for sale. “The average selling pressure on top exchanges has dropped from 81K to 29K BTC per day,” he said alongside a CryptoQuant chart. “Welcome to the zone of asymmetric demand.” Bitcoin 7-day average exchange inflows. Source: Axel Adler Jr./X On March 23, seven-day average inflows hit their lowest levels since May 2023, when BTC/USD traded at less than $30,000. Given 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. “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. April-May could turn into a consolidation zone - a calm before the next impulse.” Binance inflows hint at a “more neutral stance” As Cointelegraph reported , signs already hint that market sentiment has become aligned with price reality. Related: Bitcoin trader issues ‘overbought’ warning as BTC price eyes $84K The 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. That said, short-term analysis warns of a fresh uptick in inflows this week — with the exception of 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). Source: CryptoQuant This 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.
