Bitcoin sellers 'dry up' as weekly exchange inflows near 2-year low
BTC inflows to major exchanges fall by almost two-thirds since November — a trend giving analysts hope that a bullish market turnaround may be around the corner.
Bitcoin (BTC) faces a new “consolidation zone” as exchange inflows tag multiyear lows, new analysis says.
In a post on X on April 1, Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, declared that Bitcoin sellers had “dried up.”
Bitcoin sell-side pressure has eased considerably since its first push above the $100,000 mark in late 2024, data shows.
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