"Bitcoin price traded below $65,000 late Tuesday after falling from above $74,000 earlier in March. The move has come alongside a rise in exchange inflows, with about 22,000 BTC sent to trading venues during one session, signaling distribution from recent buyers."
"On-chain data points to a steady transfer of supply from short-term holders to larger entities. Over the past month, roughly 63,000 BTC has been accumulated through spot exchange-traded funds and similar vehicles, offsetting a portion of the selling."
"Short-term holders, defined as wallets holding Bitcoin for less than 155 days, tend to react to drawdowns and volatility. Their selling often peaks during consolidation phases, adding supply at local lows."
"If demand remains steady, that dynamic can create a base for future price stability. As coins move into longer-term storage or institutional vehicles, liquid supply tightens."
Bitcoin price is experiencing increased sell pressure, drifting toward a sixth consecutive monthly loss. The price fell below $65,000 after a peak above $74,000 earlier in March. Exchange inflows indicate distribution from short-term holders, while institutions are accumulating supply. Approximately 63,000 BTC has been absorbed through spot ETFs, with U.S.-listed Bitcoin ETFs recording $1.2 billion in net inflows in March. Short-term holders are selling during consolidation phases, but as coins move to longer-term storage, liquid supply tightens, potentially stabilizing future prices.
Read at Bitcoin Magazine
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