Bitcoin prices are rising again. that It fell to $108,600 on Tuesday, but quickly, but simply put,It’s over $112,000. Sales pressures will temporarily increase, and exchange inflows will increase rapidly. Now, their influx is again diminishing.
Crypto analyst CryptoonChain cited the crypto staple data on Wednesday, saying he believes it is unlikely that Bitcoin drops will be further reduced.
Major Meter Signal Sales Pressure is easing
He explained The 30-day moving average of Bitcoin inflows has declined after reaching its lowest level since May 2023. In July, however, it quickly rose as Bitcoin reached its all-time high. Making profits among investors has fueled an increase.
Exchange inflows peaked in April when new US tariff policies were announced. They have now retreated to record lows during the latest price dip.
CryptoonChain said the decline was “significant.” He calculated the decline across all exchanges and linked this decline to a price rebound. Bitcoin price rose to $111,000.
US investors are putting the brakes on sale
These investors are pushing for recent rallyings, and similar patterns can be seen in the Binance Spot market.
CryptoonChain considers this a bullish signal. The supply of available Bitcoin is shrinking, which could bolster market sentiment. Therefore, analysts are predicting medium-term BTC uptrends.
Coinbase Advanced shows a more sharp decline, suggesting lower sales pressure. This comes from US retail investors.
This new data supports CryptoonChain’s view that investors may hold assets while waiting for a higher price. This reduces the number of coins available for sale and puts upward pressure on prices.
Post Bitcoin rebounds as sales pressure fades. Analysts will be first to appear in Beincrypto.
