Bitcoin must break this level to resume bull market as $2.4B in BTC leaves exchanges

More than 27,740 Bitcoin (BTC) was withdrawn at $ 2.4 billion in stock exchanges on March 25, the highest flow daily since July 31, 2024.

Does bitcoin bull appeal?

Bitcoin’s external flows rise up to 7 months

Bitcoin makes another attempt in a technical outbreak of more than $ 90,000 with a decrease in the display continued.

A closer look at the data reveals that a large part of these withdrawals has been made by whales, or entities that retain at least 1000 BTC, who withdrew more than 11574 BTC with a value of approximately $ 1 billion of stock exchanges on March 25.

High bitcoin flows from stock exchanges and whale withdrawal, in particular, reduce sales pressure, and often indicates the accumulation of signal and bullish feeling, which may lead to raising prices.

Related to: Bitcoin, ethereum to finish Q1 in red, “vertical swing”

In addition, Blockchain Arkham Intelligence Analysis has noticed that the “billionaire bitcoin whale” added 2,400 BTC worth more than $ 200 million on March 24. Despite some sale in February, the given whale now owns more than 15,000 BTC.

The whale began to get Bitcoin five days ago after the sale when the price of Bitcoin ranged between 100,000 and 86,000 dollars in February. This may indicate that these great investors have seen its lowest levels as an opportunity to buy in anticipation of higher prices.

Etf Bitcoin Spot flows “a positive turning point”

There is another sign that major investors have bought BTC again, which is the continued capital flows in the funds circulating in the immediate Bitcoin exchange (ETFS) since March 14. Instant investment funds in Bitcoin witnessed flows for eight consecutive days, with a total of 896.6 million dollars.

“ETF has taken a positive turn since March 14, as well as BTC $ and Altcoins,” He said Santiment market data provider.

“This is the first line of this length in 2025.”

ETF has taken a positive turn since March 14, as well as $ BTC And altcoins. There were now seven consecutive days with more money moving to Bitcoin ETF (positive flow) from the exit (negative flow). This is the first line of this length in 2025. pic.twitter.com/9v1lnQ95ux

– Santiment (Santimentfeed) March 26, 2025

As CointeleGRAPH, investment products in digital assets also recorded net weekly flows for the first time in five weeks.

BTC Price Eyes Trendline to resume the bull market

Data from Cointelegraph Markets Pro and Tradingvief BTC/USD trading showed $ 88,265, an increase of 1.2 % over the past 24 hours. The BTC price faces general resistance from the 20 -week -long SIA moving average (EMA), at 88,682 dollars.

Bitcoin price should turn this level to support to continue operating the bull. The graph below shows that EMA violation for 20 weeks has previously previously marches in the price of bitcoin.

Note that when the BTC price exceeded this moving average in October 2023, about 170 % rose from $ 27,000 on October 16, 2023, to determine the highest new level ever exceeding $ 73,000 on March 14, 2024.

Similar prices occurred when the price increased over the EMA for 20 weeks in September 2024, preceding an increase of 77 % from $ 60,000 to $ 108,000 in December 2024.

The recklessness of the famous analyst stressed the importance of this trend, Saying The moving average is “the most important level of time for Bitcoin”.

Meanwhile, the co -founder of commercial resource materials indicators, Keith Alan, said that Bitcoin should regain open in 2025 at about 9,3300 dollars to confirm the path towards its highest levels ever.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.