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- Bitcoin exchange inflows dropped from 81,000 to 29,000 BTC, reducing short-term selling pressure across major platforms.
- BTC trades near $83,410 and faces resistance at the 20-day EMA while holding above critical support near $80,000.
- Analysts highlight a possible accumulation phase as buyers appear more comfortable holding within the current price consolidation range.
Bitcoin continues to consolidate following its record high near $109,000. The price now moves within the $80,000 to $85,000 range. As of early April 1, BTC trades at approximately $83,410 after gaining nearly 2% in 24 hours. This increase came shortly after Strategy Inc. disclosed a recent purchase.
According to Axel Adler, a verified author at CryptoQuant, average Bitcoin inflows to major exchanges dropped sharply. The daily volume of BTC moved to exchanges fell from 81,000 to 29,000 BTC over a specific period.
The average selling pressure on top exchanges has dropped from 81K to 29K BTC per day.
Welcome to the zone of asymmetric demand.
The market has successfully absorbed waves of profit-taking following the break above $100K.
Sellers have dried up, and buyers seem comfortable with… pic.twitter.com/mgzrCacMMq— Axel
Adler Jr (@AxelAdlerJr) April 1, 2025
This reduction in inflows signals a decline in immediate selling pressure. Fewer coins being sent to exchanges generally suggests less intent to sell, contributing to market stability.
Decreased Supply Meets Steady Demand
Adler observed a situation of “asymmetric demand” in the present market because most willing sellers have disappeared. Current market conditions demonstrate that buyers show a greater preference for accumulation instead of selling products. The market pattern arises alongside market consolidations to potentially drive future upward price movements.
Bitcoin has not yet reclaimed its 20-day Exponential Moving Average, which stands near $84,824. This level currently acts as a resistance point. If BTC fails to break through this zone, it may test lower support areas again.
Key Technical Support Levels Identified
Technical analyst Ali Martinez recently outlined several critical support levels. These include $76,180, $58,080, $43,740, and $39,980. He also emphasized that BTC faces a gap in support beneath $80,000 until it nears the $70,000 range. Holding above this level remains vital for maintaining the current price structure.
Although the broader trend remains in a holding pattern, the ongoing decline in exchange inflows indicates that major sell-offs are not imminent. With lower selling activity and defined support levels, Bitcoin may be preparing for a more directional move in the weeks ahead.
