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Following Bitcoin’s correction dropping to as low as $74,000 earlier this month amid the recent global tariff war, the asset has now begun to see steady recovery with its price hovering above $85,000 after a 10% surge in the past week as President Trump’s 90-day tariff pause affecting all countries except China. The announcement helped ease market concerns, contributing to renewed momentum in both equity and digital asset markets. Related Reading: Bitcoin Holds Above 365-Day Moving Average, But Market Sentiment Remains Subdued Bitcoin Whales Show Restraint as Market Climbs As Bitcoin finds its footing in upward momentum, a new analysis from CryptoQuant analyst Darkfost suggests that large holders on Binance—one of the most active crypto exchanges—are responding to macroeconomic uncertainty with a cautious, but notably non-reactive, approach. The insights were detailed in a post titled “How Are Binance Whales Reacting to Market Uncertainty?” which examined key on-chain metrics. According to Darkfost, two primary indicators reveal the evolving behavior of Binance whales. The first, the Exchange Whale Ratio (EWR), compares the top 10 inflows to total inflows on Binance to gauge whale involvement. A rising 365-day moving average (DMA) for the EWR reflects a growing concentration of inflows from large holders over time, indicating their stronger influence during long-term trends. However, a recent decline in the 30DMA points to reduced short-term activity. This suggests that whales may be taking a step back from active trading, neither selling aggressively nor showing signs of panic. The second metric, Whale to Exchange Flow, analyzes the value of whale inflows to Binance over a 30-day period. Here too, the trend is down—falling over $3 billion, mirroring similar drawdowns observed during past corrections in 2024. Combined, these signals suggest that Binance whales are opting to hold their positions rather than sell into current market conditions, potentially signaling confidence in longer-term prospects despite ongoing uncertainty. Buying Strength Persists Despite Uncertain Outlook In a related CryptoQuant post, analyst Mignolet highlighted a continued pattern of buying strength on Binance. According to the analyst, the market buy ratio—an indicator tracking the volume of market buy orders—has not only remained intact but has recently surpassed previous highs. This trend highlights persistent demand despite recent market corrections and volatility. The recurring nature of this pattern suggests that there is underlying buyer strength even as external macroeconomic forces, such as trade policies and regulatory shifts, continue to influence sentiment. Related Reading: Bitcoin Price Rises Steadily—But Can the Rally Hold This Time?? Historically, a sustained increase in the buy ratio has preceded medium-term rallies, although confirmation of a new trend will require follow-through in both price action and volume metrics. Featured image created with DALL-E, Chart from TradingView

The price of Bitcoin has found its way back above the $85,000 mark, marking a huge success in the recovery from the coin’s latest slump toward $74,000. According to an on-chain analyst, this recent correction might not be as ominous as initially thought and could be part of a broader bull cycle. Can BTC Price Reach A New All-Time High In This Cycle? An analyst with the pseudonym ShayanBTC, in a Quicktake post on the CryptoQuant platform, shared fresh insights into the current Bitcoin market dynamics and the implications of the most recent price pullback. This evaluation is based on the Realized Cap of Unspent Transaction Output (UTXO) age bands, which analyzes the holding pattern of different investor cohorts. Related Reading: XRP Price To Hit $45? Here’s What Happens If It Mimics 2017 And 2021 Rallies The UTXO age bands metric tracks the average price at which Bitcoin holders purchased their coins compared to how long they’ve held the assets. In ShayanBTC’s latest analysis, the relevant age bands are the 3 – 6 months and 6 – 12 months cohorts. According to data from CryptoQuant, the percentage of coins held by this class of investors has been on a steady rise. ShayanBTC noted that this climb appears similar to the accumulation patterns observed during the prolonged correction in the summer months of 2024. The Quicktake analyst noted this pattern points to a “holding trend”, where the 3 – 6 months and 6 – 12 months investors are not offloading their assets despite the ongoing market correction. “As more coins move into the hands of long-term holders, the available circulating supply shrinks, increasing Bitcoin’s scarcity,” ShayanBTC added. From a historical standpoint, these supply constraints could be a positive catalyst for robust price rallies, especially when combined with fresh demand. According to ShayanBTC, this market dynamic could set the stage for price discovery and propel the Bitcoin price to new all-time highs. Furthermore, the Quicktake analyst believes that, with the current on-chain structure, there is a reduced likelihood that the Bitcoin market is currently at the start of a bear season. The ongoing drawdown instead seems to be a healthy correction within a broader bullish cycle. Bitcoin Price At A Glance  The Bitcoin price appears to be building some bullish momentum, briefly crossing the $86,000 in the early hours of Sunday, April 13. As of this writing, the price of BTC stands at around $85,200, reflecting an over 2% increase in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is up by about 2% in the past seven days. Related Reading: Is Bitcoin Price Returning To $74,000? Analyst Identifies Pattern That Suggests So Featured image from iStock, chart from TradingView

Bitcoin has begun showing early signs of recovery following a recent correction that saw the asset fall to $74,000 earlier this month. At the time of writing, Bitcoin trades above $82,000, inching closer to the $85,000 range with its market capitalization now sitting above $1.6 trillion. A recent market report from CryptoQuant outlines several contributing factors to this rebound. According to the firm, crypto price volatility remained high throughout the week, fueled by trade tensions and macroeconomic developments. Prices dipped sharply earlier in the week after retaliatory tariffs were introduced by China and the European Union. However, they began recovering on April 9 following the tariff suspension. The temporary policy reduced tariffs to 10% for most countries, while China remained subject to a 125% rate. Related Reading: Is The Bitcoin Bottom In After Trump’s Tariff Pause? Here’s What To Expect Bitcoin Technical Support and Market Sentiment CryptoQuant’s report also emphasized the importance of Bitcoin’s 365-day moving average (MA), which currently stands at $76,100. This level has previously served as a key technical support in historical market cycles, including in August 2024, July 2021, and December 2021. The recent bounce from this level is being closely monitored as a potential base for a renewed uptrend. A breach below this moving average, however, would increase the likelihood of Bitcoin entering a bearish phase. Despite this positive movement, investor sentiment remains subdued. CryptoQuant noted in the report: Nevertheless, although market sentiment has improved after the tariff pause, Bitcoin remains in one of its least bullish phases since November 2022, according to CryptoQuant’s Bull Score Index. The Index is now at 10—its lowest reading since that time—signaling continued weak investor sentiment and a low probability of a sustained rally in the near term. According to the firm, a longer-term rally is unlikely unless the score climbs above 40.  Furthermore, with BTC’s price currently on the rise, CryptoQuant mentioned that the asset could find resistance at $84,000 and $96,000—zones historically linked to the Trader Realized Price, which has served as both support and resistance in different market phases. Altcoin Accumulation Signal Emerges In a separate commentary, CryptoQuant analyst Darkfost presented data that may indicate favorable conditions for altcoin accumulation. The analyst observed that the 30-day moving average of trading volume for altcoins paired with stablecoins has dropped below its annual average. This market behavior, according to Darkfost, has previously marked buying zones, with the last occurrence seen in September 2023. The analysis suggests that while Bitcoin’s near-term outlook remains uncertain, altcoins may be entering a phase conducive to dollar-cost averaging (DCA) strategies. Related Reading: Ethereum Long-Term Holders Show Signs Of Capitulation – Prime Accumulation Zone? Darkfost cautioned that these windows can last for weeks or months but have historically aligned with the early stages of altcoin market recoveries. If the macroeconomic environment stabilizes and capital flows return, these conditions could lead to broader participation across the crypto sector. Featured image created with DALL-E, Chart from TradingView

Bitcoin has seen modest upward momentum in the past 24 hours, climbing back above $83,000 following a recent correction period. The move comes shortly after US President Donald Trump announced a temporary 90-day pause on tariffs, offering a degree of relief to global financial markets. Though the asset remains down approximately 24% from its all-time high of over $109,000 set in January, its recent decline has now been trimmed to single digits on a weekly scale. This recovery coincides with increased interest from large-scale Bitcoin holders. Related Reading: Analyst Compares Trump’s Market Impact to Obama Era as Bitcoin Sees Momentum $3.6 Billion Inflows Suggest Renewed Institutional Activity On April 9, accumulation addresses—wallets associated with long-term investors that rarely distribute funds—received a notable 48,575 BTC, according to on-chain data shared by CryptoQuant analyst Burak Kesmeci. This inflow, the largest since February 2022, totaled approximately $3.6 billion in value. The timing, according to Kesmeci, is significant: it mirrors a similar event from the past, both in scale and macroeconomic backdrop. Kesmeci emphasized that these accumulation wallets typically increase holdings during market pullbacks. The April 9 transaction occurred when Bitcoin traded around $76,000, a level tested during last week’s sell-off triggered by concerns over renewed trade tensions. The volume and pattern of inflows suggest a recurring strategy among institutional or long-term market participants whereby they capitalize on corrections and accumulate during uncertainty. Interestingly, the total value of the inflows—$3.6 billion—matches that of February 1, 2022, another period marked by broader macroeconomic instability. While this could be coincidental, Kesmeci noted that the repetition of such behavior in response to macro-driven price declines may indicate a deeper behavioral trend among accumulation address holders. Massive $3.6 Billion Bitcoin Inflow to Accumulation Addresses! “Bitcoin accumulation addresses received 48,575 BTC — the largest single-day inflow since February 1, 2022. When accumulation addresses move this aggressively, it’s worth paying attention.” – By @burak_kesmeci pic.twitter.com/MVIFUcXKWz — CryptoQuant.com (@cryptoquant_com) April 10, 2025 Bitcoin Whales Increase Reserves Despite Weak Network Activity Adding to the accumulation narrative, another CryptoQuant analyst known as caueconomy noted that whale wallets—addresses holding large BTC balances—have resumed consistent buying since March. According to caueconomy, more than 100,000 BTC has been added to whale reserves in that timeframe. This comes despite the subdued on-chain activity and a visible pullback in retail participation. The distinction between investor profiles has become clearer in recent months. While smaller investors appear to be withdrawing amid heightened market uncertainty, large holders are taking advantage of lower prices to strengthen their positions. Related Reading: Bitcoin Battles Tariff Turmoil: Can the 2-Year Realized Price Hold the Line? The strategy, according to caueconomy, aims to reduce average acquisition costs and position for long-term gains. This divergence in behavior may not translate to immediate price shifts but could set the stage for a more pronounced upward move once broader sentiment recovers. Featured image created with DALL-E, Chart from TradingView

Bitcoin has felt the impact of the ongoing global tariff tensions, with little to no upward momentum. The asset appears to have paused its bull run, dampening investor expectations for a near-term recovery. Currently trading just above $77,000, BTC has declined nearly 30% from its all-time high, including a 1.6% drop in the last 24 hours. Amid this, a recent insight from CryptoQuant contributor Onchained suggests that Bitcoin is nearing a significant threshold that could determine the asset’s next major direction. Related Reading: Crypto Analyst: 33% Chance Bitcoin Already Topped—Brace For $52,000 Bitcoin Realized Price Levels in Focus Onchained’s latest analysis points to the convergence of Bitcoin’s spot price with its 2-Year Realized Price. This metric, derived from on-chain data, calculates the average acquisition cost of coins moved on the blockchain within the past two years. This price band often serves as a meaningful support level, particularly in transition phases between bear and bull markets. Historically, Bitcoin maintaining price action above the 2-year Realized Price has signaled underlying strength among long-term holders. Onchained noted that BTC has stayed above this line since October 2023, a sign of sustained investor confidence. If Bitcoin continues to hold this level, it may indicate the establishment of a new value floor, potentially setting the stage for renewed buying pressure. The analysis adds that a bounce off this support zone could be interpreted as an influx of capital from investors seeing this price level as a strategic accumulation point. However, a breakdown below the 2-year Realized Price could trigger a deeper correction or a longer period of consolidation. Related Reading: Short-Term Holders Under Pressure as Bitcoin Slides—Capitulation Coming? Long Liquidations Amplify Market Volatility In a separate update, CryptoQuant analyst Darkfost highlighted a significant event that shook the derivatives market. On April 6, the largest Bitcoin long liquidation event of the current bull cycle occurred, wiping out roughly 7,500 BTC in long positions. The liquidation marked the highest daily volume of forced long position closures since the bull market began. According to Darkfost, this event was largely triggered by rising volatility and uncertainty stemming from US economic policy concerns. The biggest Bitcoin long liquidation event of this bull cycle “On April 6, approximately 7,500 Bitcoin in long positions were liquidated, marking the biggest single-day long wipeout of the entire bull run so far.” – By @Darkfost_Coc Read more ⤵️https://t.co/eqW2JE8TWD pic.twitter.com/IEthwRDRVz — CryptoQuant.com (@cryptoquant_com) April 9, 2025 In particular, fears around new tariffs under President Trump’s administration have added pressure on global markets, including crypto. The analyst emphasized that such liquidation events serve as reminders of the risks associated with high-leverage positions during uncertain macroeconomic conditions. Darkfost wrote: This is a clear reminder that we need to stay cautious during periods of rising volatility like today. This is the time to care and preserve your capital. Featured image created with DALL-E, Chart from TradingView

Bitcoin is currently trading at $76,899, marking a 3.7% decline in the past 24 hours and a 29.4% drop from its all-time high above $109,000 recorded in January. After falling below $80,000 on Sunday, the digital asset has struggled to reclaim upward momentum, reflecting persistent selling pressure in the broader crypto market. While price action continues to dominate headlines, on-chain data reveals deeper shifts in market dynamics. A recent analysis by CryptoQuant contributor Onchained highlights a notable transition in Bitcoin ownership patterns.  Related Reading: Next Bitcoin Peak Delayed To Late 2026, Business Cycle Expert Warns Bitcoin Short-Term Losses and Long-Term Accumulation In the post titled “Short-Term Capitulation Meets Long-Term Conviction: A Structural Shift in Bitcoin Ownership,” the analyst identified structural changes between short-term and long-term holders, providing insights into the asset’s underlying market behavior. According to the insight, Bitcoin has seen a ~15% drawdown from $88,000 to $74,400 over the past week. On April 7, Short-Term Holders (STH) realized a significant $10 billion drop in their realized cap—a metric reflecting the price at which coins were last moved—marking their largest single-day loss of the cycle. This decline was met with an almost equivalent $9.7 billion increase in Long-Term Holders’ (LTH) realized cap, suggesting a substantial transfer of coins from recent buyers to more experienced holders. By April 8, realized losses from STHs declined to $693 million, indicating a possible exhaustion of panic selling. In contrast, LTHs continued increasing their cost basis by an additional $1.13 billion, reflecting ongoing accumulation despite minimal price recovery. Onchained interprets this as a typical sign of supply transitioning from weaker hands to those with higher conviction, which has historically occurred near market bottoms or early recovery stages. The analyst noted: “This is not merely a coincidence: this is the market transferring coins from weak to strong hands.” Adding: Long-term investors are stepping in with conviction: buying weakness and absorbing supply. – This behavior has historically marked the late stages of corrections or the early phase of recovery. Potential Impact on Market Structure This divergence between STH and LTH behavior may hold broader implications for Bitcoin’s market structure. As STHs reduce their holdings, potential short-term sell pressure and overhead resistance may decline. At the same time, rising accumulation by LTHs suggests confidence in Bitcoin’s long-term prospects, even amid current volatility. Historically, similar patterns have preceded stabilization or trend reversals. A shrinking supply in the hands of reactive traders coupled with consistent buying by long-term participants can form the foundation for renewed price support. Whether this shift signals the end of the current correction or an early stage of recovery remains to be confirmed, but on-chain trends continue to suggest meaningful repositioning within the Bitcoin market. Featured image created with DALL-E, Chart from TradingView

Bitcoin is continuing to face downward pressure in the market, with the cryptocurrency falling below $80,000 on Sunday for the first time since last year. Despite a 4.1% recovery in the past 24 hours bringing it back to $79,825, Bitcoin remains down 26% from its all-time high of over $109,000 recorded in January 2025. Market sentiment remains mixed, as investors weigh on-chain data, short-term volatility, and the broader macroeconomic environment. Related Reading: Short-Term Holders Under Pressure as Bitcoin Slides—Capitulation Coming? Bitcoin Open Interest Reflects Cautious Sentiment Bitcoin’s open interest metric has revealed cautious behavior among leveraged traders. CryptoQuant analyst Maartunn reported a 17.8% drop in Bitcoin open interest over the past week. This decline represents a significant reduction in the number of outstanding derivative contracts and may reflect investor hesitation following recent price volatility. Historically, such sharp declines in open interest have occurred before major market rebounds, as speculative leverage is flushed out of the system. With leverage reset, market participants may begin re-entering positions, especially if prices find a strong support level or if further whale accumulation signals renewed bullish momentum. Bitcoin Open Interest dropped -17.8% ???? This is over the last 7 days – shedding billions in leverage. Over the last 2 years, these flush-outs often set the stage for major buy opportunity’s. pic.twitter.com/wXIxSXr7Nz — Maartunn (@JA_Maartun) April 8, 2025 Accumulation Trends Signal Long-Term Confidence Meanwhile, there has been a notable trend in the behavior of long-term holders and whales. According to on-chain data shared by CryptoQuant contributor Onchained, a substantial number of accumulating addresses have continued to buy Bitcoin aggressively even during the asset’s climb to new highs. This cohort’s realized capitalization has surged from around $20 billion in 2023 to $160 billion in 2025, with BTC supply held by these entities increasing from approximately 800,000 to 3 million BTC. This trend suggests that rather than scaling back during price increases, large holders significantly accelerated their buying efforts, indicating a high level of conviction. The analyst wrote: This indicates the average acquisition price per bitcoin for accumulating addresses rose substantially, yet accumulation accelerated rather than slowed. A strong evidence of high-conviction buying regardless of price increases. Onchained also noted a widening gap between retail and whale realized capitalization, pointing to the growing role of high-capital investors in market dynamics. These whale wallets, typically less reactive to short-term market swings, are continuing to remove BTC from circulation, a pattern that may contribute to future supply constraints. Onchained’s analysis further highlights three key implications: a growing supply-side pressure as more BTC enters inactive wallets, strong conviction from holders through all market phases, and the potential for future supply shocks as long-term accumulation continues. Featured image created with Dall-E, Chart from TradingView

Bitcoin faced a notable sell pressure earlier today, with its price trading as low as $74,604. However, at the time of writing, the asset is seeing a quiet rebound with prices now hovering back above $79,000. Regardless of this slight uptick, the asset is still down by 3.1% in the past day and nearly 30% from its peak above $109,000 registered in January. According to CryptoQuant contributor IT Tech, a significant shift may be underway. Related Reading: Understanding Bitcoin Struggles: Why Realized Cap Indicates A Bear Market Old Coins Starts To Move: Sell Off ahead? In a recent analysis titled “Massive spike in Exchange Inflow CDD signals old coins are waking up,” IT Tech noted a considerable surge in the Exchange Inflow Coin Days Destroyed (CDD) metric. CDD measures the movement of older coins—those that have not changed hands for a long time. When coins with high coin days are moved, it often indicates that long-term holders are transferring their assets to exchanges, potentially with the intent to sell. Historically, spikes in Exchange Inflow CDD have preceded large price corrections. IT Tech highlighted that the latest surge in this metric coincided with Bitcoin’s drop from $82,000 to $76,000, suggesting that some veteran holders may be preparing to liquidate their positions. Such behavior tends to exert additional sell pressure on the market, particularly during already volatile conditions. These movements could indicate an inflection point, with older investors potentially looking to secure profits amid broader market uncertainty. If this trend continues, it could serve as a bearish signal, as coins dormant for months or years re-enter circulation. Bitcoin Short-Term Metrics Indicate Possible Cooling Trend Meanwhile, in a separate analysis, another CryptoQuant analyst BilalHuseynov offered insights into short-term holder behavior through the lens of realized price data. In a post titled “Bitcoin: Realized Price – UTXO Age Bands,” the analyst examined how the realized prices for coins held by short-term investors—specifically those held for one week to one month and one to three months—can reveal the health of the ongoing market trend. These UTXO age bands help determine whether recent buyers are holding in profit or loss. In bullish phases, these bands trend upwards, signaling accumulation. However, at market tops, the lines tend to flatten or decline, indicating distribution by short-term participants. According to Huseynov, this is what the current data reflects. The 1-month to 3-month realized price is curving downward, echoing patterns seen at previous peaks in April and November 2021, and more recently in March 2025. Related Reading: Bitcoin’s Bullish Fate Hinges On These 2 Resistance Zones – Details If this trend persists, it could mean that newer holders are facing losses and may soon capitulate, possibly leading to further downside. Conversely, during past bear cycles, these bands have often marked bottom zones where prices found support and reversed. Featured image created with DALL-E, Chart from TradingView

Bitcoin has not been immune to the ongoing global tariff dispute, which has rippled across financial markets and placed pressure on equities and digital assets. Over the past two weeks, Bitcoin has dropped by more than 10%, slipping under $75,000 earlier today—a level last seen in November 2024. The pullback coincides with broader market volatility coming from rising geopolitical and economic uncertainty. Amid this ongoing price move, a crypto analyst has suggested that the behavior of short-term holders during episodes like this is crucial in assessing the extent of ongoing market corrections. Related Reading: Bitcoin Dips Below $75K As Markets Tremble: What’s Going On? Short-Term Holders Show Early Signs of Stress According to CryptoQuant contributor Yonsei Dent, the current price action reveals important insights into investor behavior. Dent’s latest analysis centers on the STH-SOPR (Short-Term Holder Spent Output Profit Ratio), a metric that measures whether coins moved by recent buyers are being sold at a profit or loss. A reading below 1.0 indicates that holders are realizing losses, a sign often interpreted as capitulation. While Bitcoin’s price has declined significantly, Dent points out that the STH-SOPR has not yet breached extreme levels seen in past correction events. Unlike major capitulation periods in 2024—such as those in May, July, and August—the current SOPR remains near its mean value, indicating that many short-term holders are not yet exiting their positions en masse. The absence of widespread capitulation raises questions about the potential for further downside. Dent warns that if selling pressure among short-term holders intensifies, the market could experience another wave of losses. Related Reading: Analyst Uncovers Clues—Is Bitcoin’s Historic Bull Cycle Finally Topping Out? For now, all eyes remain on the $78,000 support level, which may act as a key test for whether Bitcoin can stabilize or if deeper correction lies ahead. Yonsei Dent wrote: If STHs begin to exit more aggressively, the market could face further downside pressure. In the near term, close attention should be paid to whether the $78,000 support level can hold, as it may serve as a key line in the sand for the current market structure. Technical Outlook On Bitcoin Meanwhile, technical analysts’ outlook on BTC is slightly different. According to an analyst known as Merlijn The Trader on X, BTC is currently in what is termed the “green zone” where it is an ideal opportunity for accumulation. BITCOIN IS IN THE GREEN ZONE. This is where legends bought in 2015, 2019, and 2020. Red is for selling. Green is for buying. Don’t overthink it. pic.twitter.com/hhSYEpkNNb — Merlijn The Trader (@MerlijnTrader) April 6, 2025 Featured image created with DALL-E, Chart from TradingView

Crypto analyst Melika Trader has warned of a volume drop that could trigger a 60% Bitcoin price crash. The analyst provided an in-depth analysis of what this price crash could mean and if it would mark the end of the bull run.  How The Bitcoin Price Could Crash By 60% And Drop To $49,000 In a TradingView post, Melika Trader revealed how the Bitcoin price could crash by 60% and drop to $49,000. The analyst noted that BTC is hanging just above a critical support zone, an area he claimed many traders recognize as the “most important support level” from a volume perspective on Binance.  Related Reading: Analyst Says Bitcoin Price Has Entered The ‘Ideal Buy Zone’, Here’s Why His accompanying chart showed that the Bitcoin price could suffer a 60% drop once it loses the former trend line at $75,000. The flagship crypto is also in danger, having lost the critical support at around $83,000. This drop to $49,000 would bring BTC back toward the high-volume range near $30,000.  This provides an ultra-bearish outlook for the Bitcoin price. However, Melika Trader raised a twist, stating that only 20% of traders might actually lose. He noted that, according to Binance’s volume profile data, the majority of buying activity and position accumulation happened below $35,000.  The analyst further mentioned that most long-term holders and smart money entered during the 2022/2023 accumulation range. The Volume Profile Visible Range (VPVR) is also said to show significant support below the current Bitcoin price, with minimal trading volume at higher levels. Melika Trader remarked that only a minority of traders bought BTC during its late-stage bull run above $70,000.  Meanwhile, the majority of investors are still in profit or break-even, even if the Bitcoin price retraces back to its base. As such, most traders are safe, as BTC risks a drop to as low as $49,000.  Why BTC’s Bull Market Is Over CryptoQuant’s CEO, Ki Young Ju, recently asserted that BTC’s bull market is over amid the Bitcoin price decline. He alluded to the ‘Realized Cap’ metric to explain his confidence that the bull run is over. The CryptoQuant CEO noted that if Realized Cap is growing but Market Cap is stagnant or falling, it means capital is flowing in but prices aren’t rising.  Related Reading: Why Buying Bitcoin Now Is Better Than Later As BTC Price Consolidates Within Falling Wedge Ki Young Ju noted that this is a clear bearish signal, and this is what is currently happening. Capital is entering the market right now, but the Bitcoin price isn’t responding, which he claims is typical of a bear market. The CryptoQuant CEO explained that even large purchases like MicroStrategy’s aren’t pushing prices up because there is too much sell pressure at the moment.  Ki Young Ju again affirmed that current data points to the Bitcoin price being in a bear market. He noted that sell pressure could ease anytime but warned that historically, real reversals take at least six months. As such, the CryptoQuant CEO believes a short-term rally seems unlikely.  At the time of writing, the Bitcoin price is trading at around $77,000, down over 7% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

The price of Bitcoin made a strong start to the month of April, reaching as high as $87,000 on Wednesday, April 2. The flagship cryptocurrency couldn’t sustain this blistering momentum, dropping below $84,000 in the late hours of Friday, April 4. However, the BTC price has been relatively stable compared to the altcoin market and the US equities market following the announcement of new trade tariffs by United States President Donald Trump. This show of resilience has reinforced the idea that the bull cycle might not be over just yet. Why Bitcoin Price Must Remain Above $69,000 In a Quicktake post on the CryptoQuant platform, crypto analyst Burak Kesmeci analyzed the Bitcoin market relative to the downturn affecting the broader financial markets. The analyst offered insight on the most critical support level should the premier cryptocurrency witness a similar decline. Related Reading: PEPE Price Breaks Ascending Triangle To Target Another 20% Crash Kesmeci pinpointed the “Bitcoin Spot ETF Realized Price” as a crucial metric to watch if the price of BTC succumbs to bearish pressure. As its name suggests, the Bitcoin Spot ETF Realized Price indicator measures the average price at which each Bitcoin exchange-traded fund was acquired. According to Kesmeci, the average purchase price of the BTC ETFs has acted as a formidable support area since the exchange-traded funds launched in early 2024. As observed in the chart below, the flagship cryptocurrency has tested the Bitcoin ETF’s realized price multiple times in the past 15 months. Kesmeci highlighted that the ETF realized price and Bitcoin’s most critical support level currently stand at around $69,000. The community analyst noted that the premier cryptocurrency is less likely to witness any severe correction so long as it does not slip beneath this price level. When Will BTC Resume Bull Run? While the Bitcoin ETF’s realized price is a crucial support level that could prevent a deep correction, the short-term holder (STH) realized price could prove pivotal to the resumption of the bull run. Ali Martinez said in a post on X that the first signal that BTC is ready to resume its bull run is reclaiming the short-term holder realized price at $90,570. As seen in the chart above, the STH realized price is acting as a major resistance to the premier cryptocurrency. The Bitcoin price has tested the on-chain indicator twice since falling beneath it in late February. As of this writing, the market leader is valued at around $83,900, reflecting an over 1% price leap in the past 24 hours. According to data from CoinGecko, the price of BTC is down by nearly 1% in the last seven days. Related Reading: Chainlink Whales Dump Over 170 Million LINK In Three Weeks – Selling Pressure Ahead? Featured image from iStock, chart from TradingView

Bitcoin, the leading cryptocurrency, continues to exhibit uncertain momentum since hitting its all-time high above $109,000 in January 2024. Since then, the digital asset has experienced diminished bullish activity and steady downward pressure, reflected by its latest price of approximately $82,000, marking a marginal weekly drop of about 0.6%. Related Reading: Bitcoin Market Sentiment Worsens as Bull Score Index Drops to 10 Market Implications of Volume Ratio Trends Amid these market conditions, Crypto Dan, an analyst contributing to CryptoQuant’s QuickTake platform, has provided insights highlighting a notable market trend. According to Dan, Bitcoin’s trading volume over six to twelve months acts as an indicator of the amount of capital entering the cryptocurrency market during specific market cycles. As highlighted in the chart shared, the metric typically undergoes two distinct phases of decline: the first signals the conclusion of the early bull cycle phase, while the second, lower drop, traditionally marks the peak and subsequent end of the cycle. The volume ratio trend outlined by Crypto Dan provides insights into investor behavior and market sentiment. Essentially, as this ratio decreases for the second time, historical patterns suggest that investor interest and speculative activity may begin to taper, potentially signaling the culmination of the ongoing bull run. Investors typically interpret such movements cautiously, as similar past events often preceded significant corrections in the market Technical Analysts View on Bitcoin Technical analysts add additional perspectives on Bitcoin’s current status. Analyst RektCapital recently pointed out significant developments in Bitcoin’s Relative Strength Index (RSI)—a momentum oscillator measuring the speed and magnitude of recent price movements to assess overbought or oversold conditions. RektCapital highlighted that the Monthly RSI level of 60 previously represented resistance levels during Bitcoin’s dominance peaks in August 2019 and December 2020. #BTC Dominance The Monthly RSI 60 (green) represented the peak for Bitcoin Dominance in August 2019 & December 2020 In previous cycles, Monthly RSI 60 was the ceiling In this cycle, Monthly RSI 60 is the floor$BTC #Crypto #Bitcoin pic.twitter.com/G47KSa33ZR — Rekt Capital (@rektcapital) April 4, 2025 Notably, this cycle differs, with the Monthly RSI 60 acting as a support floor rather than resistance. This change could suggest ongoing strength and potential resilience in Bitcoin’s price. Meanwhile, Javon Marks, another market analyst, emphasizes a bullish chart pattern currently forming for Bitcoin. Related Reading: Corporate Bitcoin Buying Hits Record Levels, Yet Prices Are Down—Here’s Why Marks believes these signals indicate an impending significant rally, suggesting that despite current market caution, underlying indicators remain strong, hinting at future bullish momentum. He argues investors ignoring these patterns may soon have to acknowledge a substantial upward price movement. Just another warning from us that Bitcoin can be getting massively bull soon. They can ignore the signs all they want but they are there and present and soon, they may have no choice but to face the major results of. Soon.$BTC pic.twitter.com/68ceDUyfU5 — JAVON⚡️MARKS (@JavonTM1) April 4, 2025 .Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price appears to have resumed its downward trajectory after briefly recovering to the $87,000 level earlier this week. At the time of writing, Bitcoin has experienced a 5.7% decline in the past 24 hours, bringing its price significantly below recent highs. Currently, BTC is down approximately 24.7% from its all-time high recorded above $109,000 in January, highlighting ongoing bearish pressure in the market. As Bitcoin continues to navigate turbulent market conditions, analysts are paying close attention to various indicators to predict the asset’s next move. Related Reading: Analyst Identifies Key Bitcoin Demand Zone For ‘Substantial Gains’ – Details Bull Score Index and Spent Output Age Bands Indicator CryptoQuant analyst Julio Moreno recently highlighted the significance of the CryptoQuant Bull Score Index, a tool designed to measure market sentiment for Bitcoin. According to Moreno, the Bull Score Index has been flashing bearish signals—below the critical threshold of 40—since Bitcoin traded around $96,000. At present, the Index has dropped even further, reaching a remarkably low level of 10, indicating severely bearish market conditions. The Bull Score Index is a metric developed to quantify the bullish or bearish sentiment of the Bitcoin market. Scores closer to 100 indicate highly bullish sentiment, suggesting strong buying momentum, while scores approaching 0 indicate overwhelmingly bearish conditions, with significant selling pressure and negative market sentiment. With the index now at 10, investor confidence appears notably weakened, pointing towards caution in the short term. Adding to these bearish signals, another CryptoQuant analyst, Maartunn, reported increased activity among older BTC holders, known as “Spent Output Age Bands.” This indicator measures the age of Bitcoin that is actively being moved or transacted. When a large volume of older coins (coins held for several years) is moved, it typically suggests that long-term holders might be preparing to sell. 1,057 Bitcoin that hadn’t moved in 7–10 years just woke up. Long-term holders may be preparing to sell. https://t.co/A6I7Mo3ljX — CryptoQuant.com (@cryptoquant_com) April 3, 2025 Maartunn noted that over 1,057 BTC aged between 7 to 10 years recently moved, pushing this indicator above the critical 50 threshold, signifying potential increased selling pressure from long-term investors. Contrasting Views from Technical Indicators Despite these bearish warnings, some analysts remain optimistic about Bitcoin’s potential near-term performance. Crypto analyst Javon Marks has pointed to the Relative Strength Index (RSI), a momentum indicator that measures the speed and change of recent price movements, to justify his bullish stance. A breakout in the RSI typically signals growing bullish momentum and could precede significant price increases. According to Marks, Bitcoin’s daily RSI has recently held its breakout level, similar to previous bullish occurrences that have historically preceded significant upward moves. Related Reading: Corporate Bitcoin Buying Hits Record Levels, Yet Prices Are Down—Here’s Why However, another analyst known as Titan of Crypto has issued a cautionary note. Titan stressed that Bitcoin needs to maintain its position within a key support channel and keep the weekly RSI above important support levels to avoid further correction. If Bitcoin fails to hold these levels, Titan predicts that a deeper market downturn could ensue, causing additional challenges for traders and investors. Featured image created with DALL-E, Chart from TradingView

Ethereum (ETH) continues to underperform in the broader cryptocurrency market, currently trading just below $1,800 after falling 4% in the past 24 hours. Despite a strong start to the year, where the crypto market experienced bullish momentum, ETH has failed to sustain its upward trajectory. Since slipping below the $3,000 level, the asset has largely ranged downward and has now breached the $2,000 support zone, signaling weakening demand and sentiment. While Bitcoin and other major digital assets still managed to see some recovery efforts in recent weeks, Ethereum’s price decline has been accompanied by decreasing network activity and weakening on-chain fundamentals. This divergence has raised concerns over ETH’s short-term outlook and prompted a fresh analysis of the underlying causes driving the asset’s performance. Related Reading: Whales Dump 760,000 Ethereum in Two Weeks — Is More Selling Ahead? Fee Decline and Network Inactivity Fuel Inflationary Pressures CryptoQuant analyst EgyHash recently published a report highlighting key on-chain metrics that suggest Ethereum’s current market weakness is closely tied to its declining fee economy and user activity. According to the report titled: “Why Ethereum Is Bleeding Value: Fee Crash Meets Hyperinflation Hellscape.” Ethereum’s network is experiencing its lowest levels of activity since 2020. Daily active addresses have declined steadily since early 2025, and average transaction fees have dropped to record lows. This reduction in activity has led to a sharp fall in Ethereum’s burn rate, a metric crucial in offsetting inflationary pressures following the network’s transition to proof-of-stake. Related Reading: Ethereum Price Approaches Resistance—Will It Smash Through? The Dencun upgrade, which was expected to enhance network efficiency, has coincided with an extended period of low transaction volumes, further reducing fee income and contributing to higher net ETH issuance. EgyHash concludes that the confluence of weak network engagement, reduced burn rate, and high token inflation is central to Ethereum’s declining valuation. Why Ethereum Is Bleeding Value “Ethereum’s recent underperformance can be largely attributed to diminished network activity, as evidenced by declining active addresses and reduced transaction fees.” – By @EgyHashX pic.twitter.com/fgQJYCrOIn — CryptoQuant.com (@cryptoquant_com) April 3, 2025 Ethereum Technical Outlook Signals Potential Support Despite on-chain headwinds, some technical analysts maintain a cautiously optimistic view. Trader Courage, a technical analyst on X, noted that Ethereum is currently testing a major support zone and could rebound toward the upper resistance of its current trading range. $ETH / #ETH 1H chart ???? Back at the green support line. Looks like we could be heading towards the top of the range. Key levels are on the chart.#Ethereum pic.twitter.com/rRX8b3b6nW — Trader Courage ???? (@CryptoCourage1) April 3, 2025 Another market analyst, CryptoElite, shared a long-term ascending trendline that ETH has respected historically. Based on this trend, the analyst believes ETH could still have the potential to rally to $10,000 later in the year, provided broader market conditions improve. Featured image created with DALL-E, Chart from TradingView

Bitcoin continues to trade above the $85,000 mark, signaling a slight upward movement after weeks of price consolidation. As of today, the asset is up 2.2% on the daily chart, giving some traders a reason to anticipate a stronger rally ahead. However, broader timeframes paint a different picture. Over the last month, Bitcoin is down over 8%, and from its January 2025 all-time high above $109,000, the decline stands at more than 20%. Related Reading: Will Bitcoin Downtrend Continue? This Metric Suggests Yes Public Companies Accumulate BTC While Long-Term Holders Sell Despite this underperformance, blockchain data provider CryptoQuant has published a breakdown of corporate Bitcoin accumulation in the first quarter of 2025. The data highlights an aggressive accumulation trend among public companies. In total, these firms added 91,781 BTC to their balance sheets between January and March, suggesting continued confidence in Bitcoin’s long-term value proposition. Among the most notable buyers, Tether added 8,888 BTC in Q1 2025, bringing its total holdings to 92,646 BTC. MicroStrategy remained the most aggressive acquirer, purchasing 81,785 BTC worth over $8 billion. Other participants included Semler Scientific (+1,108 BTC), Metaplanet (+2,285 BTC), and The Blockchain Company (+605 BTC). CryptoQuant also mentioned that Marathon Digital is planning a $2 billion stock sale to fund future Bitcoin purchases, while GameStop is exploring a $1.3 billion convertible note offering to support its entry into Bitcoin investing. However, this strong demand was not enough to sustain Bitcoin’s price. CryptoQuant reported that long-term holders offloaded around 178,000 BTC during the same period, adding significant sell pressure. The situation was exacerbated by outflows of approximately $4.8 billion from spot Bitcoin ETFs, which further weighed on price action. Adding to the sell pressure: $4.8 billion flowed out of Bitcoin ETFs in Q1. Despite corporate buying, this wave of outflows likely weighed heavily on price. pic.twitter.com/gZZz5RJxdK — CryptoQuant.com (@cryptoquant_com) April 2, 2025 Key Support Levels for Bitcoin Identified by Analyst Meanwhile, CryptoQuant analyst BorisVest identified an important support zone between $65,000 and $71,000. This range is derived from two specific metrics: the Active Realized Price and the True Market Mean Price. The Active Realized Price, currently around $71,000, filters out long-dormant coins to better reflect the behavior of more active market participants. On the other hand, the True Market Mean Price at $65,000 represents a broader average based on recent transaction history. Related Reading: Bitcoin Stays Down, But Whale Wallets Quietly Climb to 4-Month High BorisVest noted that if Bitcoin’s price falls into this zone, it could see strong demand from long-term holders and institutional buyers alike. He suggested that this area may serve as a foundation for further accumulation and potentially act as a springboard for a new upward phase. Regardless, while some market participants continue to exit their positions, others appear to be taking advantage of the consolidation to accumulate. Featured image created with DALL-E, Chart from TradingView

Bitcoin has seen a notable price consolidation over the past few weeks, trading between the $84,000 and $86,000 levels. Despite the initial surge in price, the cryptocurrency has faced a decline of 3.7% in the past week and nearly 10% in the past month, signaling a period of stagnation in its upward momentum. At the time of writing, Bitcoin is priced at $84,263, raising questions about the future trajectory of the asset as investors await a clear direction. Related Reading: Bitcoin Reverses Losses—Analysts Say $100K Is On The Horizon The Dead Cross: A Signal for a Potential Price Drop? BilalHuseynov, a contributor to CryptoQuant’s QuickTake Platform, has offered valuable insights into Bitcoin’s current market behavior. In his latest post, titled “Will Bitcoin Drop Anymore?”, he sheds light on key on-chain metrics that may help predict the next movement in Bitcoin’s price. His analysis revolves around the behavior of two important metrics: Realized Cap and Thermo Cap, particularly focusing on their recent crossover, which could have significant implications for Bitcoin’s price direction. Huseynov explains that the Realized Cap metric, which tracks Bitcoin’s total value based on its last movement price, gives a more accurate representation of the network’s economic value. On the other hand, Thermo Cap measures the total capital introduced into the BTC network through mining. When Thermo Cap crosses below Realized Cap — known as a “Dead Cross” — it signals that Bitcoin might be heading toward a price decline. Huseynov points out that this situation is unfolding and predicts that BTC’s price could drop to as low as $75,000 if the second Dead Cross materializes. Is The Bitcoin Market Condition Still Healthy? In addition to Huseynov analysis, another CryptoQuant’s analyst Banker has provided insight into the Coin Days Destroyed (CDD) metric, which tracks the movement of long-dormant BTC. Since March 2025, the CDD 60-day moving average has remained low, indicating that long-term holders are not selling their Bitcoin in large quantities. This behavior is often a sign of confidence among seasoned investors, suggesting that they believe in Bitcoin’s long-term potential. Related Reading: Is The Bitcoin Bull Run Over? Watch This Key Price The absence of major CDD spikes indicates that the market is not experiencing extreme price volatility, which could signal a period of consolidation or eventual upward momentum as selling pressure remains low. This development also coincides with recent reports of short-term holders exhibiting less selling pressure after their initial move of taking profits. Decrease in selling pressure by 1-3 month holders “These holders appear to show reduced activity in the market after taking profits from their short-term trades.” – By @CryptoOnchain Read more ⤵️https://t.co/ThyGe7pjPO pic.twitter.com/0minPLfiWM — CryptoQuant.com (@cryptoquant_com) April 1, 2025 Featured image created with DALL-E, Chart from TradingView

Bitcoin has recently displayed signs of upward momentum, trading at $85,215, marking a 2.2% increase in just the past day. Despite this short-term gain, the asset remains down by over 21.2% from its all-time high of $109,000 reached in January. The ongoing price fluctuations have left Bitcoin in a downward trend on a broader time scale, with investors and analysts closely watching for signs of a rally. Related Reading: Will Bitcoin Downtrend Continue? This Metric Suggests Yes Path To $150k: Short-Term Holders’ Changing Behavior Despite the recent dip, data from CryptoQuant provides interesting insights into Bitcoin’s market dynamics. According to one of CryptoQuant’s contributors, Onchained, the behavior of short-term holders is a key factor to observe in the current market. Onchained’s analysis suggests that short-term holders, defined as those who have held Bitcoin for between one and three months, are no longer panicking and selling at a loss as they did in previous market cycles. The analysis reveals a slowdown in the selling pressure from this group, suggesting a shift in sentiment. Onchained’s report highlights the importance of the Short-Term Holder Net Realized PNL to Exchanges (CEXs) metric. This metric helps determine the selling pressure on Bitcoin, showing who is selling, whether they’re selling at a profit or loss, and the overall intensity of the market’s movement. The data indicates that while short-term holders are selling, the realized losses have been relatively low compared to unrealized losses. This suggests that these holders, despite being in the red, are opting to hold their positions rather than panic sell. Onchained further notes that this reduction in selling pressure could indicate the formation of a market bottom. Historically, when realized losses from short-term holders have been low and selling pressure has diminished, it has marked the end of a downward trend and the beginning of a recovery phase. With 28% of Bitcoin’s circulating supply in the hands of short-term holders, if these coins transition into long-term holders, it could significantly contribute to Bitcoin’s price surge beyond $150,000. Related Reading: Saylor’s Strategy Adds $1.9 Billion Worth Of Bitcoin To Growing Portfolio Decreasing Selling Pressure and What It Means for Bitcoin’s Future Another CryptoQuant analyst, CryptoOnchain, has pointed out that the selling pressure from short-term holders is indeed decreasing, as reflected in both the Short-Term SOPR chart and the UTXO Age Band for holders between one to three months. The data shows a decrease in Bitcoin being moved by this group, suggesting that short-term investors are holding off on making further sales. This aligns with Onchained’s view that a reduction in short-term selling pressure could signal a market bottom. Decrease in selling pressure by 1-3 month holders “These holders appear to show reduced activity in the market after taking profits from their short-term trades.” – By @CryptoOnchain Read more ⤵️https://t.co/ThyGe7pjPO pic.twitter.com/0minPLfiWM — CryptoQuant.com (@cryptoquant_com) April 1, 2025 If the trend of lower selling pressure continues, Bitcoin could see more stability or even a price rebound. As we approach a crucial phase for Bitcoin, all eyes will be on these short-term holders and the potential for a longer-term shift in sentiment. Featured image created with DALL-E, Chart from TradingView

After experiencing a bearish trend earlier in the week, Bitcoin (BTC) seems to have regained upward momentum. The asset started the day with a 2.1% rise. It is currently trading above the $84,000 mark, signaling a potential return to its previous price levels. Despite this positive movement, Bitcoin remains subject to fluctuating market conditions, influenced by external factors and internal metrics impacting its performance across different exchanges. Related Reading: Arthur Hayes Predicts $250,000 Bitcoin As Fed Caves To QE Pressure Shifting Trends in Bitcoin’s Exchange Flows As BTC continues to make strides above $84,000, an interesting trend has emerged in exchange flows signaling investor behavior. A recent analysis by CryptoQuant’s Joao Wedson provides a fascinating perspective on the current state of the Bitcoin market. According to Wedson, Bitcoin’s price action has been significantly impacted by lower selling pressure on certain exchanges, particularly Binance. In his report titled “Lower Selling Pressure: Binance and the BTC Flow Across Different Exchanges”, Wedson highlights that Short-Term Holders (STHs) are sending significantly fewer Bitcoin to Binance compared to other exchanges. The current amount of BTC being sent to Binance stands at 6,300 BTC, much lower than the average of 24,700 BTC transferred to other platforms. This suggests that many traders on Binance may be adopting a more neutral stance, potentially waiting for clearer signals before making further moves. On the other hand, Bitcoin inflows to other exchanges are increasing, indicating that investor behavior may vary based on the platform they use. Binance, despite having the highest trading volume, seems to be seeing less activity from short-term holders, whereas other exchanges are experiencing higher inflows. This shift could suggest that while Binance remains a trusted exchange, other platforms are beginning to see more action from BTC traders. Binance Dominates Spot Trading Volume In another analysis by CryptoQuant’s Maartunn, the focus shifted to spot trading volumes across various exchanges, with Binance taking the lead. In the year-to-date data for 2025, Binance has been the dominant player in spot trading volume, handling a cumulative total of $1.9 trillion. This is more than three times the volume of its closest competitor, Crypto.com, which stands at 12.12%. The dominance of Binance is significant, as higher trading volumes typically result in greater liquidity and tighter spreads, benefiting traders with better pricing and smoother entry and exit opportunities. Related Reading: Is Bitcoin (BTC) Poised For A Q2 Recovery? Analyst Points To 2017 Similarities The increasing liquidity on Binance makes it an attractive option for many investors, and its dominance in spot trading volume further solidifies its position as a key player in the cryptocurrency market. Binance Leads Spot Trading Volume in 2025 So Far “The cumulative spot volume chart clearly shows Binance leading with the largest share of activity, with 1.9T since the beginning of 2025… Binance controls 43.66% of the total spot market volume (4.56T), which is: – More than… pic.twitter.com/t1ohcg3GA9 — CryptoQuant.com (@cryptoquant_com) April 1, 2025 Featured image created with DALL-E, Chart from TradingView

According to a recent CryptoQuant Quicktake post, short-term Bitcoin (BTC) holders are choosing to retain their digital assets despite incurring unrealized losses. CryptoQuant contributor Onchained explained that short-term BTC holders have recorded significantly lower realized losses compared to their unrealized losses. Short-Term Bitcoin Holders Expecting A Price Rally? The first quarter of 2025 has been marked by high price volatility in the cryptocurrency market, including Bitcoin. BTC has dropped from approximately $97,000 on January 1 to around $83,000 at the time of writing, reflecting a decline of more than 15%. Related Reading: Bitcoin Whales Make Big Moves As Bullish Momentum Resurfaces Despite this price pullback, short-term BTC holders continue to hold onto their assets instead of selling at a loss. CryptoQuant contributor Onchained analyzed the Short-Term Holder Net Realized PNL to Exchanges, highlighting a shift in selling behavior. According to the analyst, BTC holders who have owned their coins for one to three months have been the most active sellers in recent days, even at the cost of realizing losses. This is unusual, as short-term investors holding BTC for less than a week are typically the most reactive sellers. However, recent data shows a significant decline in selling pressure to cryptocurrency exchanges. This suggests that BTC holders who purchased their coins in the last six months are opting to hold onto their assets rather than panic sell. This shift in selling behavior among short-term holders could have multiple implications. A decline in selling pressure may indicate a change in investor sentiment, with holders willing to endure short-term losses in anticipation of long-term gains. While the analyst cautioned that this data does not predict future price movements, it does provide valuable insights into market psychology. The analysis states: Are short-term holders finally holding the line? If so, this could reduce downside volatility and set the stage for stabilization, or even a reversal. Onchained concluded that short-term holders currently control 28% of BTC’s circulating supply. If a significant portion of these holdings transitions to long-term holders, it could pave the way for Bitcoin’s price to surge beyond $150,000. Is BTC About To Stage A Comeback? Alongside the decline in short-term BTC selling pressure, several other exchange-related metrics suggest the possibility of an upcoming price surge for the world’s largest cryptocurrency by market capitalization. Related Reading: Bitcoin Breaks Daily RSI Downtrend, But Analyst Warns Of Strong Resistance Ahead Recently, crypto entrepreneur and market commentator Arthur Hayes claimed that BTC “probably” hit this market cycle’s bottom during its plunge to $77,000 on March 10. However, Hayes noted that the stock market could still experience further pullbacks. While Bitcoin has been in a downtrend for the past few months, gold has surged to multiple new all-time highs (ATHs) due to ongoing global macroeconomic uncertainty. BTC’s poor performance against the precious metal is likely to continue as the US trade tariff threat looms. At press time, BTC trades at $83,953, up 2.2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin has continued to show weakness in price movement, with limited upside momentum over the past several weeks. The cryptocurrency has declined by 22.3% in the last month alone, bringing its price down to $83,191 at the time of writing. The drop reflects ongoing uncertainty in the broader crypto market, as investors are struggling with reduced risk appetite and a lack of strong bullish catalysts. Related Reading: Bitcoin RSI Targets Daily Retest That Triggered 2024 Price Rally, What Happened Last Time Whale Accumulation Patterns Echo Previous Bull Market Phases Despite the downtrend, recent on-chain activity suggests that certain investor cohorts remain confident in Bitcoin’s long-term value. In particular, whale addresses—wallets holding between 1,000 and 10,000 BTC—have demonstrated a historical correlation with Bitcoin’s price trends. According to CryptoQuant contributor Mignolet, the current market cycle bears a resemblance to the 2020 bull cycle, where these whales exhibited accumulation behavior during bearish sentiment phases. Mignolet noted that these patterns occurred three times throughout the 2020 cycle, each coinciding with brief drawdowns in price. In the current phase, similar accumulation activity is being observed among whale entities, particularly those with holdings in the 1,000 to 10,000 BTC range. These patterns, as Mignolet suggests, may indicate that these market leaders are not exiting their positions, despite price pressure. Notably, the significance of whale behavior lies in its historical influence on market direction. As long as whales remain in accumulation mode, it could provide a base of support for the broader market and reduce the likelihood of further rapid declines. However, this dynamic does not eliminate the possibility of continued volatility, especially if broader market sentiment does not improve. Bitcoin Short-Term Holders Show Signs of Capitulation In contrast to whale activity, short-term holders (STHs) are showing signs of distress. Another CryptoQuant analyst, Darkfost, highlighted that the Short-Term Holder Spent Output Profit Ratio (SOPR) has remained below 1.0 for over two months, currently hovering around 0.98. This metric compares the selling price of Bitcoin with its acquisition price. When it falls below 1, it suggests that holders are selling at a loss—often viewed as a sign of capitulation. STH Capitulation “When this ratio drops below 1, it signals capitulation among STHs, often leading to short-term price declines. We can confirm this trend by observing the $BTC being sent to exchanges at a loss.” – By @Darkfost_Coc Link ⤵️https://t.co/BUIo9caGck pic.twitter.com/QfNfFpT9VL — CryptoQuant.com (@cryptoquant_com) March 31, 2025 Additionally, on-chain data shows that approximately 46,000 BTC have been sent to exchanges at a loss in recent weeks, highlighting the stress among STHs. Related Reading: Bitcoin Price Slips Under $84,000 — Key Support Levels To Watch Historically, periods of heavy short-term capitulation have often preceded market bottoms, as weak hands exit positions and longer-term investors take advantage of the discounts. Featured image created with DALL-E, Chart from TradingView

After showing signs of recovery last week, Bitcoin appears to have lost its upward momentum once again. The cryptocurrency was closing in on the $90,000 psychological level but has since reversed direction, falling by 6.4% over the past week to hover around $82,000 at the time of writing. This decline has placed renewed attention on market metrics that suggest the rally may have been short-lived. Amid this downward movement, several on-chain analysts have raised questions about whether recent price trends reflect real demand or speculative behavior. Particularly, insights from CryptoQuant contributors point to warning signs, including a divergence between market capitalization and actual network activity. Related Reading: Bitcoin Weekly Preview: Tariffs, Whales, And Volatility Ahead NVT Indicator Signals Caution Amid Low Transaction Volume In a recent post titled “Manipulative Moves or True Value? A Bitcoin and NVT Analysis,” CryptoQuant analyst BorisVest pointed to the Network Value to Transactions (NVT) ratio as a critical metric for understanding current market dynamics. The NVT ratio is calculated by dividing Bitcoin’s market capitalization by its daily transaction volume. According to BorisVest, Bitcoin’s elevated NVT Golden Cross reading indicates a high market cap against low transaction activity — a combination that historically suggests price inflation driven by speculative interest rather than organic growth. BorisVest emphasized that periods with a high NVT often precede market corrections. In contrast, when the NVT falls into the green zone — signaling a low market cap with rising transaction volume — it may present a stronger foundation for price appreciation. As of now, the metric suggests Bitcoin’s recent price rise lacks transactional support, and continued pullbacks remain possible unless volume returns to the network. Bitcoin Speculators Absent, Sentiment Remains Cautious Adding to the cautious outlook, another CryptoQuant contributor known as crypto sunmoon highlighted the role of leverage in driving crypto bull markets. The analyst pointed out that funding rates have recently “dead-crossed,” which occurs when short-term funding rates fall below long-term rates, often indicating bearish sentiment among traders. According to sunmoon, this shift suggests that speculators are currently unwilling to take on risk — a key component needed to fuel bullish price movements. The analyst concluded that the return of speculative trading behavior, typically marked by rising funding rates and leveraged positions, is essential for reigniting upward momentum in Bitcoin. Related Reading: Bitcoin Rising Wedge: Expert Warns Of Imminent Breakdown In Coming Days Until then, market sentiment may remain subdued, with sideways or declining price action more likely. According to these CryptoQuant analysts, watching Bitcoin’s transaction volumes and funding trends will be crucial in determining whether Bitcoin is set for a renewed breakout or further consolidation. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) continues to trade above the $84,000 mark despite a slight decline in momentum this week. After briefly touching higher levels of nearly $90,000, the asset has seen a 3.3% decrease over the past day, bringing its current price to roughly $84,222. While price volatility remains a short-term concern, Bitcoin’s broader trend shows signs of consolidation within this range. Amid the movement from BTC’s price, on-chain analysts are offering insights into Bitcoin’s behavior beyond the surface-level price action. Related Reading: CEO On Bitcoin: A Big Idea Whose Time Has Finally Come Bitcoin Mean Coin Age and Supply Dynamics in Focus A recent analysis by CryptoQuant contributor Onchained points to Bitcoin’s Mean Coin Age (MCA) as a crucial metric for understanding current market sentiment. The MCA represents the average age of unspent transaction outputs (UTxOs), which can help reveal the behavior of long-term holders. According to Onchained, Bitcoin’s recent upward momentum is not a product of short-term speculation or news-driven hype. Rather, it is being influenced by the strategic actions of long-term holders. These participants typically acquire BTC during market downturns and hold through volatile phases, reducing the available supply and gradually increasing scarcity. This behavior creates conditions in which even moderate increases in demand can lead to stronger price responses due to reduced liquidity in the market. With Bitcoin’s supply capped at 21 million, the accumulation of coins by long-term holders contributes to a tightening of supply. As these coins become increasingly illiquid, they apply upward pressure on price when demand strengthens. This mechanism is a core feature of Bitcoin’s market dynamics and is viewed by some analysts as a signal of potential bullish continuation. Onchained wrote: This illiquidity creates a supply-demand imbalance, contributing to upward pressure on prices when demand increases. As fewer coins are available for trading, the price becomes more sensitive to buy-side pressure, leading to stronger upward price movements. Monitoring Behavioral Shifts for Market Signals The analysis also highlights the significance of a sudden drop in MCA, which can indicate long-term holders are beginning to move their coins. Such behavior may signal changing sentiment, profit-taking, or reactions to broader macroeconomic conditions. According to Onchained, “the movement of these coins from long-term holders can drive short-term volatility and is a signal that market dynamics are changing.” Onchained emphasized that relying solely on public commentary or high-profile announcements—such as regulatory statements, ETF launches, or tweets from influential figures—may distract from the deeper, data-driven trends that govern Bitcoin’s performance. Related Reading: Bernstein Projects Strategy Holdings Skyrocket To 1 Million BTC By 2033 Instead, the blockchain itself provides transparent insights into actual investor behavior, offering a clearer view of market conditions. The analyst noted: The truth lies within the data itself. The blockchain speaks clearly and transparently, and it is through this data that we can understand bitcoin’s true movement. S.N architected Bitcoin to ensure that the financial information we need is open and accessible to all, so we can make informed decisions, not be misled by the stupidity of popular narratives. Let the data guide us, not the whims of outsiders who misunderstand what is truly happening. Featured image created with DALL-E, Chart from TradingView

According to a CryptoQuant Quicktake post published earlier today, Bitcoin (BTC) may be on the verge of a significant price rally. Since February 6, net flow across crypto exchanges has remained negative – a historically bullish signal for the digital asset. Bitcoin To Benefit From Negative Exchange Net Flow The past 24 hours have been highly volatile for the crypto market, with liquidations exceeding $360 million, the majority involving long positions. However, despite this market pullback, on-chain data remains bullish, suggesting that concerns may be overstated. Related Reading: Bitcoin Could Hit $112,000, But Only If It Holds Above This Key Level – Analyst Explains In a Quicktake post shared today, CryptoQuant analyst ibrahimcosar highlighted Bitcoin’s exchange flows. He noted that since February 6, BTC has experienced a persistent negative net flow across trading platforms. To explain, when a large quantity of BTC is withdrawn from exchanges, it often indicates that investors – likely those who bought at lower prices – are expecting a price rally. These investors move their holdings to cold wallets, anticipating long-term gains and paying network fees to secure their assets. Over time, this behavior results in a negative net flow of BTC across exchanges, a bullish indicator. Conversely, when a significant amount of BTC is deposited onto exchanges, it increases selling pressure, often signalling a bearish trend. Extended periods of high crypto deposits lead to positive net flows, typically preceding price declines. The analyst stated that recent data – from February 6 onwards – suggests that a large amount of BTC is being withdrawn from crypto exchanges. The analyst added: Historically, such high outflows have led to significant price increases in Bitcoin. This suggests that market volatility to the upside could be on the horizon. Ibrahimcosar’s insights align with a recent analysis from CryptoQuant analyst ShayanBTC, who noted that BTC reserves on exchanges are rapidly decreasing. A sustained decline in exchange reserves could set the stage for a supply shock-driven price rally, reversing Bitcoin’s recent downtrend. Momentum, Macroeconomic Factors Point Toward Bullish Trend Beyond on-chain metrics, technical indicators like the Relative Strength Index (RSI) have also turned bullish. A recent analysis by Rekt Capital highlighted that BTC’s daily RSI has broken its multi-month downtrend, suggesting that a price rally may be imminent. Related Reading: Bitcoin Posts Modest Gains After February CPI Inflation Comes In Cooler Than Expected Additionally, macroeconomic factors appear to be fueling optimism. Reports suggest that US President Donald Trump may reconsider upcoming reciprocal tariffs set to take effect on April 2, potentially easing market concerns. Meanwhile, Bitcoin whales – wallets with substantial BTC holdings – have resumed accumulation after a brief period of dormancy, further reinforcing a bullish sentiment. At press time, BTC trades at $85,071, down 2.1% in the past 24 hours. Featured image created with Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin has maintained its upward trajectory so far this week, with the asset reclaiming and holding above the $85,000 mark. This performance reflects a weekly gain of approximately 4.7%, indicating a possible shift in momentum after weeks of sideways and bearish activity. While short-term gains have been recorded, signs that might determine Bitcoin’s next major move appear to have emerged. Particularly, a renewed analysis of market health and investor behavior has accompanied the current price action of BTC. On-chain metrics and sentiment indicators are being used to assess whether the current recovery signals a continuation of the bull cycle or if the market may be transitioning into a new phase. One such framework recently shared by CryptoQuant contributor Woominkyu offers a broader view of Bitcoin’s positioning using the Bitcoin Combined Market Index (BCMI). Related Reading: Bitcoin Rally To $95K? Market Greed Suggests It’s Possible Assessing Market Health Through BCMI Metrics According to Woominkyu, the BCMI provides a comprehensive overview of Bitcoin’s market condition by aggregating four core metrics: MVRV (30%), NUPL (25%), SOPR (25%), and the Fear & Greed Index (20%). Each component reflects key aspects of network valuation, investor sentiment, realized gains/losses, and emotional market trends. The index assigns weightings to each metric and calculates a combined score, which can indicate whether the market is overheated or undervalued. Historically, a BCMI score below 0.15 is associated with extreme fear and potential buying opportunities, while scores above 0.75 often precede market tops or sharp corrections. At present, the BCMI remains below the 0.5 level, suggesting that Bitcoin has not yet entered the overheated zone. Woominkyu suggests two possible scenarios: the market is either undergoing a normal correction within an ongoing bull cycle, or it is showing early signs of an atypical transition into a bearish phase. The moment of decision for Bitcoin “During this current market cycle, BCMI hasn’t yet reached the typical ‘overheated’ zone (above 0.75). It’s currently hovering below 0.5, suggesting we’re at a crucial market juncture.” – By @Woo_Minkyu Read more ⤵️https://t.co/sfyunRuWbh pic.twitter.com/he77VS98t7 — CryptoQuant.com (@cryptoquant_com) March 26, 2025 Key Thresholds to Watch in Bitcoin The analyst points to the importance of monitoring the 7-day and 90-day moving averages of the BCMI for clearer direction. Related Reading: Now Is The Best Time To Buy Bitcoin, Says Investment Giant Should the index begin to trend upward, it may signal renewed momentum and a potential return to higher price levels. Conversely, a sustained decline could confirm a broader trend reversal. Meanwhile, IntoTheBlock has recently shared resistance zones of BTC identified onchain. The market intelligence platform particularly emphasizes the $97.400 level noting that this is “where roughly 1.44 million BTC are currently holding at a loss,” therefore should BTC price hit that point we could see a pullback. Is Bitcoin on its way to test its highs? The red bubbles in this chart highlight levels where underwater investors could sell as they break even, especially if uncertainty persists. A key zone is around $97.4k, where roughly 1.44 million BTC are currently holding at a loss. pic.twitter.com/LKaDBen7cU — IntoTheBlock (@intotheblock) March 24, 2025 Featured image created with DALL-E, Chart from TradingViiew

Bitcoin has started the week maintaining relative stability, with its price currently hovering around $87,000 despite a minor 0.4% dip over the past 24 hours. The crypto asset showed upward momentum earlier in the week, briefly rallying beyond $88,000. Although the rally has slowed, the broader market remains focused on whether Bitcoin’s recent performance signals a temporary correction or a more substantial shift in trend. Market analysts have turned to on-chain metrics for additional clarity. One such analyst, Burak Kesmeci, a contributor to CryptoQuant’s QuickTake platform, recently examined four key cyclical indicators to assess whether Bitcoin’s bullish phase is losing steam. Related Reading: Bitcoin’s Realized Cap and UTXO Data Signal a Major Shift—Here’s What to Watch Key Indicators Reflect Mixed Sentiment According to Kesmeci, while some metrics suggest weakness, they do not yet indicate a market top. Kesmeci’s first point highlights the Internal Funding Pressure (IFP) metric, which currently stands at 696K—below its 90-day simple moving average (SMA90) of 794K. Historically, a cross above the SMA90 tends to signal renewed bullish momentum, but for now, the metric suggests a lack of reversal strength. The second metric analyzed is the Bull & Bear Market Cycle Indicator. Kesmeci notes the current setup mirrors earlier soft bearish signals observed during this cycle. The 30-day moving average (DMA30) sits at -0.16, while the longer-term 365-day moving average (DMA365) is at 0.18. Until the shorter-term average crosses above the longer-term trend, the indicator remains tilted toward bearish sentiment. Do 4 Different Cyclical On-Chain Metrics Signal the End of Bitcoin’s Bull Market? “All of these metrics suggest that Bitcoin is experiencing significant turbulence in the short to mid-term. However, none of them indicate that Bitcoin has reached an overheated or cycle-top… pic.twitter.com/tPw74wqERy — CryptoQuant.com (@cryptoquant_com) March 25, 2025 Bitcoin MVRV and NUPL Provide Additional Clues Kesmeci also assessed the Market Value to Realized Value (MVRV) score, which remains below its 365-day SMA. Historically, this positioning tends to precede increased selling pressure, although a rebound is possible once the score crosses back above its moving average. The last such event occurred during the August 2024 carry trade crisis, which was resolved with a recovery after macroeconomic pressures eased. Similarly, the Net Unrealized Profit/Loss (NUPL) metric sits below its SMA365. Currently, NUPL stands at 0.49, compared to a moving average of 0.53. While not a definitive end to the bullish trend, the metric’s position implies that further strength is needed for Bitcoin to regain bullish footing. Related Reading: Bitcoin Bottom In Sight As Trump Expected To Soften Stance On Reciprocal Tariffs: Report Kesmeci concludes that these on-chain indicators collectively point to short- and mid-term uncertainty but fall short of confirming a market top. Drawing comparisons to last year’s macro-driven selloff, he suggests that external factors—such as recent economic uncertainty and tariff-related tensions—may be temporarily suppressing BTC’s performance. If macroeconomic conditions stabilize, BTC could resume its upward trajectory, mirroring the recovery seen in 2024. Featured image created with DALL-E, Chart from TradingView

Bitcoin has maintained its upward momentum since the week started, signaling renewed interest and optimism in the market. The asset reclaimed the $88,000 price level on Monday and continues to trade above this zone, marking a nearly 10% rise in value over the past seven days. The steady price recovery comes after weeks of retracement, during which Bitcoin experienced considerable selling pressure and fell from previous highs. Related Reading: Bitcoin Under Threat? Analyst Explores Two Bearish Black Swan Scenarios to Watch On-Chain Resistance Zones Identified IntoTheBlock, an on-chain analytics platform, provided insights on whether Bitcoin could be on track to retest its all-time high. The firm highlighted several key resistance ranges that may impact Bitcoin’s price action in the near term. These include the $88,355.91 to $90,920.05, $90,920.05 to $93,591.02, $93,591.02 to $96,262.00, $96,262.00 to $98,932.97, and $98,932.97 to $101,603.95 levels—zones where many addresses are currently holding Bitcoin at a loss. Is Bitcoin on its way to test its highs? The red bubbles in this chart highlight levels where underwater investors could sell as they break even, especially if uncertainty persists. A key zone is around $97.4k, where roughly 1.44 million BTC are currently holding at a loss. pic.twitter.com/LKaDBen7cU — IntoTheBlock (@intotheblock) March 24, 2025 Notably, around the $97.4K level alone, approximately 1.44 million BTC are held by investors in unrealized loss positions, which could introduce selling pressure as prices recover. Despite the resistance ahead, other on-chain activity shows signs of investor confidence. According to IntoTheBlock, Bitcoin saw over $220 million in net outflows from centralized exchanges in the past 24 hours. Over the past week, total outflows have exceeded $424 million, often interpreted as a sign of investors moving assets into cold storage rather than preparing to sell. Meanwhile, crypto analyst Burak Kesmeci noted that Bitcoin’s 30-day volatility index has surged to 52.31 points—its highest level in the past six months. The spike in volatility coincides with anticipation around the US Core PCE report expected Friday, a macroeconomic event that could introduce further price swings. Technical Outlook On Bitcoin From a technical perspective, analysts remain divided. Crypto analyst Ali pointed out that Bitcoin is approaching a key resistance zone around $89,000, where the 50-day moving average intersects with a descending trendline drawn from the January all-time high. The outcome at this level may influence the direction of the next major move. On the other hand, analyst Javon Marks highlighted what he described as a potential breakout pattern forming on Bitcoin’s chart. BREAKOUT ALERT on Bitcoin and the last breakout after similar action led into one of the most powerful and FASTEST bullish moves so far this entire cycle!$BTC can be ready to deliver another powerful and speedy run to new All Time Highs… https://t.co/tchC9wsLFl pic.twitter.com/QKbDAUV88l — JAVON⚡️MARKS (@JavonTM1) March 25, 2025 He pointed to a previous breakout that triggered one of the fastest rallies in the current cycle and noted similar technical behavior emerging again. Marks believes that if momentum continues, Bitcoin could be positioning itself for another rapid climb toward new record highs. Featured image created with DALL-E, Chart from TradingView

Bitcoin opened the week with a strong rebound, climbing back above the $88,000 mark for the first time in several weeks. As of today, BTC trades at approximately $88,025, representing a 6.2% increase over the past week. This recovery follows a volatile period where the asset experienced significant resistance below the $85,000 price level. While this upward price action has brought renewed optimism to the market, analysts are also highlighting underlying factors that could influence Bitcoin’s near-term direction. One of the most notable trends is a spike in leverage, signaling that derivative traders may be playing a larger role in driving price movements. Related Reading: Bitcoin Futures Data Shows Bullish Long/Short Ratio – Details Bitcoin Open Interest Surges, Signaling High-Leverage Activity According to on-chain data shared by CryptoQuant analyst IT Tech, Bitcoin’s Open Interest (OI) has reached a record high above $32 billion. Open Interest refers to the total value of outstanding derivative contracts—such as futures and options—that have not yet been settled. A rising OI alongside a rising price can indicate growing bullish sentiment, but it can also be a signal of increased risk if the market becomes overly leveraged. IT Tech noted that while the rally has sparked enthusiasm, it comes with a caveat. “High OI combined with rapid price increase often leads to liquidation cascades if the trend reverses,” the analyst wrote. If bulls fail to maintain momentum, over-leveraged positions may be liquidated, triggering a sharp correction. Monitoring sudden shifts in OI and price will be critical in the coming days. BTC Market Alert: Leverage-driven pump “Open Interest (OI) hit record levels above $32B as BTC price surges near $87.5K. But here’s the catch: High OI + Rapid Price Increase = Risk of Liquidation Cascades!” – By @IT_Tech_PL Full post ⤵️https://t.co/BzEOKHgPLI pic.twitter.com/DHL0MGedSR — CryptoQuant.com (@cryptoquant_com) March 24, 2025 Mixed Signals from Analysts on What’s Next Despite concerns over leverage, some analysts remain optimistic. Javon Marks, a technical analyst active on X, suggested that Bitcoin may be in the early stages of another major breakout. “Bitcoin looks to be working on another massive bullish breakout,” Marks said, adding that altcoins could soon follow suit. On the other hand, analyst Ali offered a more cautious outlook, citing the TD Sequential indicator as a potential sign of an upcoming short-term top. Related Reading: Bitcoin Under Threat? Analyst Explores Two Bearish Black Swan Scenarios to Watch He highlighted key price levels for traders to watch, pointing to a significant support zone between $82,590 and $85,150, where over 625,000 BTC were previously accumulated. Meanwhile, resistance looms between $95,400 and $97,970, a region that could see strong selling pressure due to past investor activity. Featured image created with DALL-E, Chart from TradingView

Bitcoin is beginning to show signs of a strong recovery after recent consolidation. The asset has moved past the $87,000 level, gaining approximately 5.2% over the past week and 3.4% in the last 24 hours. This uptick in performance marks a notable contrast to the steady downtrend observed in recent weeks, offering traders renewed momentum and sparking discussions around broader market sentiment. One of the key developments supporting this shift appears to be rising liquidity on major exchanges. CryptoQuant analyst Darkfost highlighted that the amount of ERC-20 stablecoins held on Binance has reached a new all-time high, now surpassing $31 billion. Binance continues to lead in trading volume among centralized exchanges, making this metric particularly important for analyzing near-term price action. Related Reading: Bitcoin Price Shows Stronger Recovery Signs—Upside Move in Focus Stablecoin Accumulation and Investor Sentiment According to Darkfost’s analysis on CryptoQuant’s QuickTake platform, the increasing stablecoin reserves suggest growing confidence among Binance users. These funds may represent capital being positioned for reentry into crypto markets, potentially signaling a wave of buying pressure. Additionally, Binance may be accumulating stablecoins to manage liquidity for ongoing investor demand or hedging strategies. Notably, stablecoin balances on exchanges are often used as an indicator of future market participation. When reserves increase, it typically reflects investor readiness to deploy capital into assets like Bitcoin and Ethereum. While this trend does not guarantee immediate upward price movement, it generally aligns with improving sentiment and rising demand. ????Stablecoin on Binance ATH ! The amount of stablecoins (erc-20) available on Binance has just reached a new all-time high, surpassing $31 billion. Seeing these stablecoins growing and remaining on Binance is generally a positive sign. pic.twitter.com/UJeX20XlBH — Darkfost (@Darkfost_Coc) March 23, 2025 Bitcoin Short-Term Cost Basis Levels to Watch In another report, CryptoQuant analyst Burak Kesmeci outlined important cost levels for Bitcoin investors based on holding duration. These “cost basis” levels represent the average entry price for groups of investors segmented by how long they’ve held their Bitcoin. Monitoring these ranges helps assess which price levels may act as support or resistance in the market. Kesmeci identified four key price bands: $85,000 for holders between 1 to 4 weeks, $89,000 for 3 to 6-month holders, $98,000 for 1 to 3-month holders, and $63,000 for those holding between 6 to 12 months. Related Reading: Bitcoin Price Stuck In A Loop? Here’s Why $87,000 Could Be Crucial These zones are important because short-term investors often react to these levels—either taking profit or exiting when the price approaches their average entry cost. A move above $89,000, for example, could flip this zone into support and potentially open the path toward retesting higher levels closer to $98,000. Featured image created with DALL-E, Chart from TradingView

The price of Bitcoin has been moving mostly sideways over the past week, briefly flirting with the $87,000 level on Thursday, March 20. The latest on-chain data suggests that this choppy market condition might not improve soon, as the premier cryptocurrency might be at risk of downward pressure over the coming weeks. What Does Rising Exchange Whale Ratio Mean For Price? In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym EgyHash revealed that the activity of Bitcoin whales on centralized exchanges has been rising in the past few weeks. The on-chain analyst offered insights on how this budding trend could impact the price dynamics of Bitcoin. Related Reading: XRP Price To $27: Why Current ‘Boredom Phase’ Could Trigger Epic Rally This on-chain observation is based on the changes in the “Exchange Whale Ratio” metric, which calculates the ratio between the sum of the top 10 largest transfers into centralized exchanges and the total exchange inflow. For context, the 10 largest exchange inflows are from whale addresses — entities that hold significant influence on the market due to their substantial crypto holdings. This Exchange Whale Ratio indicator offers insight into the activity of this investor class relative to the other investors in the crypto market. A high value for this metric suggests that the 10 largest exchange inflows are cumulatively larger than the incoming transfers from the rest of the market. Conversely, when the Exchange Whale Ratio is low, it implies that whales contribute a relatively healthy part of funds flowing into centralized exchanges. According to the Quicktake analyst, the Bitcoin Exchange Whale Ratio has climbed to levels not seen since last year. The chart below shows that this metric has been on the rise since December 2024 before reaching a new high of over 0.6 in the past week — and for the first time since September 2024. Typically, inflows into centralized exchanges tend to negatively impact the value of the flagship cryptocurrency, as selling is one of the services offered by these platforms. Egyhash noted that the steady rise in the Exchange Whale Ratio could be a bearish signal for the price of Bitcoin, as it indicates that large investors might be pulling out of the market.  Moreover, whales sending their assets to exchanges can trigger a sell-off cascade, as other investor cohorts often monitor their trades due to their significant market influence. Ultimately, the selling pressure that might result from the rising Exchange Whale Ratio could threaten Bitcoin’s future trajectory.  Bitcoin Price At A Glance As of this writing, the price of Bitcoin is sitting just above the $84,000 mark, recording no significant movement in the past 24 hours. Related Reading: Investors Withdraw 360,000 Ethereum From Exchanges In Just 48 Hours – Accumulation Trend?  Featured image created by DALL-E, chart from TradingView

Bitcoin continues to trade just below the $84,000 mark, reflecting a broader slowdown in upward momentum. Despite attempts to reclaim higher levels, the cryptocurrency has remained under the $90,000 mark for over two weeks. This current range-bound activity comes nearly two months after Bitcoin touched its all-time high in January, indicating a period of uncertainty as traders assess macroeconomic conditions and upcoming Federal Reserve policy decisions. In the midst of the stagnation from BTC’s price, on-chain data is offering contrasting signals on where the market might be headed next. Analysts have pointed to fluctuations in buying and selling pressure on major exchanges, particularly Binance, as key indicators of short-term market sentiment. Related Reading: Bitcoin ‘Probably’ Hit Its Bottom At $77,000, Arthur Hayes Says Surge in Binance Net Taker Volume CryptoQuant analyst Darkfost recently highlighted a notable spike in net taker volume on Binance, the world’s largest centralized crypto exchange. According to Darkfost, net taker volume surged by $467 million in a single hour—marking the highest level recorded in 2025 so far. This metric, which measures the difference between aggressive market buys and sells, is often used to gauge the immediate sentiment of active traders. A positive value indicates stronger buying activity and has historically signaled short-term bullishness. Darkfost emphasized that this uptick in taker volume occurred just prior to the recent FOMC meeting, suggesting that some traders may be positioning for favorable policy outcomes. While the data only reflects an hourly time frame and may not imply long-term directional change, the movement could signal a broader shift in sentiment among active participants, especially given Binance’s influential position in global crypto markets. ???? Buying pressure from Binance traders might be back. — Binance is the CeX with the highest trading volume, making it particularly relevant for data analysis. — The net taker volume is a powerful metric for gauging trader sentiment, as it measures the volume of market buys and… pic.twitter.com/enI1VMAixf — Darkfost (@Darkfost_Coc) March 20, 2025 Bitcoin Whale Activity Returns as Exchange Ratios Spike Meanwhile, another CryptoQuant analyst, EgyHash, provided a more cautious interpretation of recent activity. According to his analysis, the Bitcoin Exchange Whale Ratio—defined as the share of total exchange inflows coming from the top 10 largest addresses—has surged to its highest point in over a year. This ratio is closely monitored because spikes often precede increased selling pressure, especially when large holders move funds to exchanges. While not a definitive indicator of immediate liquidation, the rise in whale-driven deposits suggests that some major players may be preparing for reallocation or profit-taking. Related Reading: The Fed Blinked — The Bitcoin Bull Run Return Is Now Inevitable Combined with stagnant price action, this metric implies that Bitcoin’s current price level may be approaching a decision point, where the market direction will be determined by the balance between new demand and potential supply from large holders. Featured image created with DALL-E, Chart from TradingView