Bitcoin (BTC) is faced with a new “consolidation zone” as stockings of exchange beacons, indicates a new analysis.
In an article on X on April 1, Axel Adler Jr., a contributor to the onchain Cryptochant’s analysis platform, said that Bitcoin sellers had “dried”.
Average exchanges have hindered 64% since November
The pressure on the side of the sale of Bitcoin has grown considerably since its first push above the $ 100,000 mark at the end of 2024, according to data.
Analyzing BTC entries to the main exchanges of Crypto, Adler revealed a sharp drop in the average total of 7 days sent to the sale.
“The average sales pressure on higher exchanges increased from 81K to 29K BTC per day,” he summed up alongside a cryptocurrency graph.
“Welcome to the asymmetrical demand zone.”
Bitcoin at 7 days of average exchanges. Source: Axel Adler Jr./x
On March 23, 7 -day average entrances reached their lowest levels since May 2023, when BTC / USD exchanged less than $ 30,000.
Since the current prices are almost three times this amount, Adler sees the light potential at the end of the tunnel for the bitcoin 2025 market correction.
“The market has managed to absorb profile waves after breaking over $ 100,000,” he concluded.
“The sellers have dried and buyers seem comfortable with current price levels – prepare the track for a structural tenders. April -May could turn into a consolidation zone – calm before the next pulse. ”
Binance entries refer to a “more neutral position”
As Cointtelegraph reported, the signs already suggest that the feeling of the market has aligned the reality of prices.
In relation: Bitcoin Trader issues a “Overbush” warning as BTC Price Eyes 84K $
The Coinbase bonus, which acts as an indirect indicator of the demand for American exchange, continues to bypass the neutral levels over time, recovering from a negative territory despite any real price rebound.
That said, the short -term analysis warns against a new increase in entries this week – with the exception not of Coinbase but of the world exchange.
“Short -term holders send much less BTC to Binance – only 6,300 BTC, against an average of 24,700 BTC to other exchanges,” noted the cryptotic contributor Joao Weddson, founder and CEO of the Alphractal data analysis platform, in one of his blog articles “Quicktake”.
“This suggests lower sales pressure on the binance, many traders possibly adopting a more neutral position.”
Binance vs other BTC exchange entries of short -term holders (screenshot). Source: cryptocurrency
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
