Despite Recent Price Corrections, On-Chain Indicators Suggest Bitcoin (BTC) Is Entering a Zone of Asymmetric Demand

Bitcoin (BTC) remains in a consolidation phase after hitting its all-time high near $109,000 several months ago. Despite recent price corrections, some

Bitcoin (BTC) remains in a consolidation phase after hitting its all-time high near $109,000 several months ago. Despite recent price corrections, some on-chain market indicators suggest a structural supply shortage could be developing, potentially setting the stage for another bullish move in the coming days or weeks.

Major crypto market analysts are pointing to decreasing Bitcoin inflows onto exchanges as a key factor to watch. They are also highlighting critical support levels that, if held, could push the leading digital asset back above $90,000 soon.

Is Bitcoin Selling Pressure Declining?

CryptoQuant verified author Axel Adler reports that average Bitcoin selling pressure across top exchanges has declined sharply. He noted how daily outflows dropped sharply from a peak of 81,000 BTC down to just 29,000 BTC per day over a measured period.

This sharp drop in the amount of Bitcoin moving onto exchanges suggests that fewer investors are transferring BTC to platforms where it could be readily sold. This trend would likely reduce overall immediate selling pressure on the market.

Adler describes this market state as potentially entering a “zone of asymmetric demand.” His view suggests that most sellers largely exited near recent price highs, while current buyers appear comfortable holding or accumulating within the present consolidation range. However, Adler also noted that the April-May timeframe could remain a period of consolidation before Bitcoin experiences its next major price impulse.

Adler shared a chart illustrating that significant exchange inflows have historically coincided with sharp price drops for Bitcoin in previous cycles. Conversely, decreasing inflows often suggest periods of price stabilization or potential recovery phases developing.

As of late March 2025, Bitcoin’s price has fluctuated mainly within the $80,000–$85,000 range. The seven-day moving average (SMA) of exchange inflows continues trending downward, further supporting the idea that immediate selling pressure is currently fading.

Related: Bitcoin and Ethereum ETFs Display Contrasting Trends in Capital Flows

What Are Bitcoin’s Key Support Levels?

Analyst Ali Martinez previously noted that below the $80,000 price level, Bitcoin faces an “air gap.” In his technical view, this means minimal to no support exists until the $70,000 area.

Below $80,000, #Bitcoin $BTC faces an air gap! There’s little to no support until $70,000. pic.twitter.com/22HQNTctJ1

He also noted critical support levels for BTC based on specific pricing band indicators shown on his charts. These include levels near $76,180, $58,080, $43,740, and $39,980.

What is Bitcoin’s Current Price Action?

At the time of writing (early April 1), BTC trades near $83,410. This represents an approximate 2% gain over the past 24 hours, following a bounce from recent lows of $81,300 shortly after Strategy Inc. announced a new crypto purchase.

However, the price has so far failed to claim the 20-day Exponential Moving Average (EMA), currently situated near $84,824. This moving average now acts as immediate overhead resistance. If Bitcoin fails to break this resistance level soon, it may face renewed downward pressure toward the key support levels identified previously.