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.”
Average exchange inflows down 64% since November
Bitcoin sell-side pressure has eased considerably since its first push above the $100,000 mark in late 2024, data shows.
Analyzing BTC inflows to major crypto exchanges, Adler revealed a sharp drop in the seven-day average total sent for sale.
“The average selling pressure on top exchanges has dropped from 81K to 29K BTC per day,” he said alongside a CryptoQuant chart.
“Welcome to the zone of asymmetric demand.”
Bitcoin 7-day average exchange inflows. Source: Axel Adler Jr./X
On March 23, seven-day average inflows hit their lowest levels since May 2023, when BTC/USD traded at less than $30,000.
Given that current prices are