Bitcoin must break this level to resume bull market as $2.4B in BTC leaves exchanges

Key Points

  • Bitcoin exchange outflows hit a 7-month high, with over $2.4 billion worth of BTC withdrawn on March 25, 2025.
  • Whales, or entities holding at least 1,000 BTC, withdrew over 11,574 BTC, signaling potential accumulation and bullish sentiment.
  • Spot Bitcoin ETFs have seen inflows for eight consecutive days, totaling $896.6 million since March 14, 2025.
  • BTC price must reclaim the 20-weekly EMA at $88,682 to confirm a potential breakout and continue the bull run.

Summary

The article discusses the recent trends in Bitcoin's market dynamics, highlighting significant outflows from exchanges and the potential for a bull market resumption. On March 25, 2025, Bitcoin saw its highest daily outflow since July 2024, with over $2.4 billion worth of BTC withdrawn from exchanges. This movement was largely driven by whales, who withdrew over 11,574 BTC, suggesting a reduction in sell pressure and an accumulation phase. Concurrently, spot Bitcoin ETFs have experienced continuous inflows since March 14, 2025, indicating a resurgence in institutional demand. The article also notes that Bitcoin's price is attempting to break above $90,000, with the key resistance being the 20-weekly EMA at $88,682. Historical data suggests that surpassing this level could lead to significant price rallies, as seen in previous instances. Analysts emphasize the importance of this trendline for Bitcoin's future price movements, with a reclaim of the 2025 yearly open at around $93,300 being crucial for confirming a path toward new all-time highs.

cointelegraph
March 26, 2025
Crypto
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