Bitcoin Demand Returns — Can Bulls Flip $72K Into Solid Support？

• Bitcoin demand is rising across spot and derivatives markets, with net buying activity turning positiveon major exchanges.
• Selling pressure from short-term holders has dropped sharply, signaling stronger conviction.
• The $72,000 level remains decisive, and holding the $70,000–$72,000 range as supportcould reinforce bullish momentum and enable further upside.

Bitcoindemand returns as $BTC tradesnear $72,000, supported by renewed buying activity in spot and futures markets. After weeks of persistent selling, recent data suggests that market participants are rebuilding exposurefollowing the late-March dip below $65,000.

Bitcoin Demand Returns And Reinforces Market Momentum

Spot market flows indicate a clear shift toward accumulation. The 30-day net volume delta, which measures the difference between market buys and sells, has turned positiveon key exchanges such as Binance and Coinbase. Binance shows net inflows of about $43.2 million, while Coinbase records roughly $13.8 million, pointing to aligned behavior among large trading venues.

Derivatives data supports this trend. Binancescumulative volume delta has climbed to nearly $5.6 billion, reflecting stronger activity from aggressive buyers. This marks a notable increase compared to the muted participation seen in February, suggesting that traders are re-entering the market with greater confidence.

Profitability indicators also show improvement. Bitcoins net realized profit and loss seven-day average has recovered from earlier lows, signaling that the market is stabilizing. As realized losses shrink, the pressure to sell decreases, allowing demand to absorb available supply more effectively.

Bitcoin Holds Focus As $72K Defines Short-Term Direction

Bitcoins interaction with the $72,000 levelcontinues to shape its near-term structure. Since early February, this level has acted as resistance, with previous attempts to reclaim it facing strong selling from short-term holders.

In March, rallies toward this zone triggered sales of around 26,000 $BTCand 31,000 $BTC. The latest move, however, saw selling limited to roughly 3,000 $BTC, indicating a sharp decline in distribution pressure.

This shift suggests that holders are less inclined to exit positions, which may support a more stable price structure. If buyers manage to defend the $70,000–$72,000 range, it could establish a foundation for continued upward movement.

The next few sessions remain critical. Sustained support above this range would confirm that demand is returning with strengthand that buyers are maintaining control over Bitcoins price direction.