As the cryptocurrency markets continue to evolve, Bitcoin (BTC) finds itself entering a new “consolidation zone” with exchange inflows reaching multiyear lows. Recent analysis indicates a significant reduction in sell-side pressure, which can have meaningful implications for traders and investors alike.
In a recent post on social media platform X, Axel Adler Jr., a contributor to the on-chain analytics platform CryptoQuant, noted that Bitcoin sellers have “dried up.” This observation aligns with data showing a notable decline in the average selling pressure since Bitcoin’s ascent above the $100,000 mark in late 2024.
Average Exchange Inflows Down 64% Since November
The data analyzed reveals that the average daily selling pressure on primary exchanges has decreased from approximately 81,000 BTC to merely 29,000 BTC. Adler emphasizes this trend alongside a compelling chart from CryptoQuant, illustrating significant shifts in market sentiment.
“Welcome to the zone of asymmetric demand.”
Bitcoin 7-day average exchange inflows. Source: Axel Adler Jr./X
As of March 23, 2025, the 7-day average inflows hit their lowest levels since May 2023, a time when BTC was trading below $30,000. Given the current price levels are nearly threefold, Adler identifies a potential turning point that could herald a robust 2025 Bitcoin bull market correction. He articulates that the market has now absorbed various profit-taking waves following the breakthrough above the $100,000 threshold, indicating that buyers are increasingly comfortable with ongoing price levels.
“Sellers have dried up, and buyers seem comfortable with current price levels – setting the stage for a structural supply shortage. April-May could turn into a consolidation zone – a calm before the next impulse.”
Binance Inflows Hint at a More Neutral Stance
Recent reports from Cointelegraph have highlighted shifting market sentiments that appear to align with the present price realities. The Coinbase Premium, a key indicator of US exchange demand, continues to hover around neutral levels, recovering from previously negative territory without a significant price rebound.
Nonetheless, short-term analyses suggest a potential rise in inflows this week, specifically noting trends related to Binance. CryptoQuant contributor Joao Wedson reveals that Short Term Holders are sending drastically less BTC to Binance, totaling only 6,300 BTC, compared to an average of 24,700 BTC dispatched to other exchanges. This decline suggests reduced selling pressure on Binance, indicative of many traders adopting a more neutral outlook.
“This suggests lower selling pressure on Binance, with many traders possibly adopting a more neutral stance.”
Binance vs. other exchange BTC inflows from short-term holders (screenshot). Source: CryptoQuant
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
