Bitcoin Market Update

Bitcoin has lost 2.5% of its value over the last 24 hours
Bitcoin’s Binance net taker volume hit a 2025 high of $467 million on the charts

Over the past week, Bitcoin (BTC) has registered a strong upswing, climbing from a local low of $76,600 to a high of $87,470.

The latest price pump indicates a potential shift in market dynamics, as buyers return. According to CryptoQuant’s analysis, Bitcoin is experiencing a surge in buying pressure. Notably, the net taker volume on Binance reached $467 million—its highest for 2025—over the past day.

This substantial volume spike suggests stronger buying pressure than selling. As Binance has the highest trading volume, this upswing could reflect improving sentiment and growing confidence among investors.

The increasing confidence and buying pressure are also evident in circulating supply, particularly for coins aged ≤1 week. At the time of writing, this group saw a decline from 5.9% to 2.8%, indicating a sharp reduction in the Bitcoin available for trading.

This trend is confirmed by BTC exchange inflows, which dropped from 58.6k to 26.9k BTC/day (a 54% decline), in line with capital flows and investor sentiment. Typically, lower inflows with higher capital flow signal reduced sell-side activity.

What do Bitcoin’s charts say?

Bitcoin buyers are returning to the market, and the asset is also witnessing a high accumulation rate among market participants. For instance, whale behavior indicates that they are buying more than they are selling. The Large Holders Netflow to Exchange Netflow Ratio decreased from 0.17% to -0.04%.

When whale exchange netflows turn negative, it signifies that more BTC is being withdrawn from exchanges than deposited, indicating strong bullish sentiments from large holders. This trend aligns with a declining balance for sharks, whales, and exchanges over the past 30 days.

According to CheckOnChain, both sharks and whales recorded a decrease in their exchange balances throughout March 2025, showing more withdrawals from exchanges and increased accumulation by these holders.

What does this mean for Bitcoin?

Historically, higher buying pressure has indicated strong demand for BTC, often leading to price increases. With buyers returning to the market, Bitcoin could experience a sustained recovery in its price charts.

If the demand observed over the past week persists, BTC may reclaim the $86k resistance level. A sustained move above this threshold would strengthen prospects for regaining the $90k mark. Conversely, if buyers who purchased BTC below $80k decide to sell, Bitcoin could retract to about $82,000.