Bitcoin Consolidates as On-Chain Indicators Suggest Potential Bullish Move

Bitcoin (BTC) continues to consolidate after reaching its all-time high near $109,000 several months ago.

Despite recent price corrections, on-chain market data indicates that a structural supply shortage may be emerging, creating the potential for another bullish price movement in the coming days or weeks.

Declining Bitcoin Inflows Point to Reduced Selling Pressure

Market analysts are observing a noticeable decrease in Bitcoin inflows onto exchanges, which could play a critical role in mitigating selling pressure. CryptoQuants author Axel Adler highlighted that average Bitcoin selling pressure across major exchanges has significantly declined. Daily Bitcoin inflows have dropped from a peak of 81,000 BTC per day to just 29,000 BTC, signaling that fewer investors are transferring Bitcoin to platforms where it can be sold.

This reduction in inflows suggests that there is less immediate selling pressure in the market, which could create conditions for price stabilization or even a potential recovery. Adler describes this situation as entering a “zone of asymmetric demand,” where most sellers have exited at recent price highs, and current buyers appear willing to accumulate or hold within the consolidation range.

Support Levels and Potential Price Surge

Adler also pointed out that certain critical support levels could help Bitcoin stay above key thresholds, potentially pushing its price back above $90,000. Although the April-May timeframe may remain a period of consolidation, analysts remain hopeful that the market could see a strong upward impulse once Bitcoin breaks out of its current range.

Historically, significant exchange inflows have coincided with sharp price drops, while decreasing inflows often signal periods of price stabilization or recovery. As of late March 2025, Bitcoins price fluctuated within the $80,000–$85,000 range, and the 7-day moving average (SMA) of exchange inflows continues to trend downward, supporting the idea that selling pressure is currently diminishing.

Bitcoins Next Move

While Bitcoin is still in a consolidation phase, the ongoing decrease in inflows and reduced selling pressure may create a favorable environment for price appreciation. Should these trends continue, Bitcoin may be poised for another bullish move, but it may take until late Q2 before a breakout materializes.

Kosta Gushterov

Reporter at Coindoo

Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.