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Cryptocurrency News Articles
Bitcoin (BTC) Continues to Trade Below All-Time Highs as Spot Traders Accumulate the Asset
Mar 15, 2025 at 04:00 am
Bitcoin, the world's largest cryptocurrency, is continuing to trade at levels well below its all-time highs. In fact, losses can be seen across the board
Bitcoin (BTC) price has been hovering at a critical juncture, presenting a subject of interest for both technical traders and those tracking institutional flows.
As the largest cryptocurrency edges closer to a key support zone, its price hovers above a crucial level that could decide the next major price movement.
Bitcoin price lost 2% over the last 24 hours, logging trades at $81,174 at press time. Its price was seen changing hands at a low of $80,000.00.
Bitcoin price hovers at critical level as BTC ETF outflows slow down
With Bitcoin trading at a critical juncture, new data revealed a slowdown in BTC outflows from exchange-traded funds (ETFs) over the past month.
At the time of writing, after Bitcoin (BTC) price peaked with outflows of $1.01 billion on 25 February – with total Bitcoin sales of $2.039 billion between 25-27 February 25 – investor selling pressure cooled down.
In the last 24 hours alone, $135.20 million was withdrawn from the market, with assets under management at $97.62 billion – A significantly high amount.
While selling in BTC Spot ETFs has slowed down, there have been massive liquidity inflows into Coinbase.
Over the last seven days alone, inflows have totaled 719 million USDC. Such a large inflow into a cryptocurrency exchange, while price remains stagnant, is a sign of ongoing accumulation. This would also suggest that participants are buying in anticipation of a rally.
A look at Bitcoin’s exchange netflows on Coinglass confirmed this buying activity. Especially as spot traders purchased approximately $57 million worth of BTC in the last two days, turning exchange netflows negative.
Negative netflows mean that traders are buying an asset. Institutional investors seemed to share a generation, as the funds market premium turned positive. It had a reading of 1.03, at press time.
Here, it’s worth pointing out that the funds market premium measures institutional demand and supply for BTC.
A reading above 1 indicates buying, while a negative reading confirms selling.
Another key factor: Weekly support
While Bitcoin has been regaining strength in the market, hinting at a possible rally, market sentiment could shift. If this happens, the next notable support level would be at $74,000.
This support level has held firm since January 2023 and has been a foundation for market rallies. If the price reacts positively and trends higher from this level, it could signal a major Bitcoin rally. However, a breach of this support could indicate high bearish sentiment, leading to further price declines.
For now, the market remains well-positioned for an upswing, provided bullish sentiment continues to dominate.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- A series of crimes have shaken the city, including a brutal attack over a matchbox, a mobile snatching, and a jewellery theft worth Rs 10 lakh.
- Mar 17, 2025 at 02:30 am
- On March 14, around 6 pm Govind Badure from Mayurnagar stopped near Deogiri Bank, Jadhavwadi, when two men asked for a matchbox. When he refused, they attacked him, and looted his mobile phone, Rs 20,000 cash, and a 4-tola gold bracelet.
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- WLFI, a DeFi Project Associated with the Trump Family, Has Invested $4 Million into Avalanche (AVAX) and Mantle (MNT) Tokens
- Mar 17, 2025 at 02:25 am
- WLFI, a well-known DeFi project associated with the Trump family, has made headlines in the DeFi world with its latest investments. The project has invested $4 million into the Avalanche (AVAX) and Mantle (MNT) tokens
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