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

Bitcoin BTC BTC - $82840.379 faces a new “consolidation zone” as exchange inflows tag multiyear lows, new analysis says.In a post on X on April 1, 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.

Source: cointelegraph.com

Related symbols: BTCUSD

2025-04-01 07:38:02 GMT.

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Price & Market Data

Price: $82840.379

Volume 24h: $43,039,956,968.07

Market Cap: $1,644,095,146,907.75

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,846,543. The last known price of Bitcoin is 82,564.55531196 USD and is up 1.31 over the last 24 hours. It is currently trading on 12006 active market(s) with $42,213,495,608.06 traded over the last 24 hours. More information can be found at https://bitcoin.org/.