Bitcoin sellers ‘dry up’ as weekly exchange inflows near 2-year low
BTC inflows to major exchanges have declined by almost two-thirds since November, a trend giving analysts hope that a bullish market may be around the corner.
Bitcoin (BTC) faces a new “consolidation zone” as exchange inflows tag multiyear lows, new analysis says.
In an April 1 post on X, 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.
