Bitcoin Is Going Through An Unprecedented Calm Phase

Bitcoin is going through an unprecedented calm phase. Weekly trading flows have just reached their lowest level in two years

Bitcoin is currently experiencing an unprecedented calm phase, with weekly trading flows just reaching their lowest level in two years, a new report by CryptoQuant has revealed.

This observation sparks questions regarding whether we are facing a prolonged stagnation or a pause before a new bullish momentum. For seasoned investors, this slowdown could also conceal a strategic opportunity to capitalize on an upcoming price surge.

Bitcoin (BTC) price calm

Since November, bitcoin inflows onto exchange platforms have melted by 64%, an eloquent figure highlighted by Axel Adler Jr, a seasoned cryptocurrency analyst.

The daily selling pressure has dropped from 81,000 to 29,000 bitcoins, drawing a curve that evokes less panic than exhaustion, a rare phenomenon in a market used to jolts. Sellers seem to have thrown in the towel.

In parallel, current prices—around $84,000—float well above the $30,000 observed during the previous low of flows in May 2023. This divergence is intriguing.

The market has digested the profit-taking post-$100,000 without succumbing to frenzy, emphasizes Adler. Current buyers, calm, seem to believe that the current price already reflects a “fair” value.

Result: an asymmetry of forces is emerging. The available supply is dwindling, while demand, albeit discreet, remains firm. A structural shortage looms, analysts warn.

April and May could thus form a technical plateau, a buffer zone where bitcoin would consolidate its gains before once again gearing up.

BTC price calm and neutrality: the calm before the storm?

But this scarcity of sales tells only part of the story. On the sentiment indicators side, the market displays a surprising neutrality.

The Coinbase Premium, reflecting the appetite of American institutional investors, hovers around zero, a fragile balance after weeks in negative territory.

Even more revealing: the behavior of traders on Binance. Incoming flows there are four times less than on other platforms, a tactical neutrality according to Joao Wedson from Alphractal.

Short-term holders send 6,300 bitcoins per day there compared to 24,700 bitcoins on other platforms. Proof that some players prefer to keep their tokens off exchanges, anticipating a future rise rather than an immediate sale.

This collective caution does not equate to inaction. Bitcoin, like a feline observing its prey, seems to be waiting for the right moment to pounce. With fewer available liquidities, any spark—favorable regulation, institutional adoption—could trigger explosive volatility. Perhaps this is why Metaplanet continues its purchases.