Bitcoin sellers ‘dry up’ as weekly exchange inflows near 2-year low

From Cointelegraph
April 1, 2025 3:19 am:

Bitcoin (BTC) faces a new “consolidation zone” as exchange inflows hit multiyear lows. Average exchange inflows are down 64% since November, indicating eased sell-side pressure. On March 23, seven-day average inflows reached their lowest levels since May 2023, hinting at a potential 2025 Bitcoin bull market correction.

Signs suggest market sentiment aligning with price reality, with the Coinbase Premium circling neutral levels. Short-term analysis predicts a fresh uptick in inflows, except for global exchange Binance. Short-term holders are sending significantly less BTC to Binance, possibly adopting a more neutral stance amidst lower selling pressure.

Read more at Cointelegraph: Bitcoin sellers ‘dry up’ as weekly exchange inflows near 2-year low