Bitcoin’s Next Move: A Comedy of Errors or a Silent Masterpiece? 🤔

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So, Bitcoin‘s selling pressure has taken a nosedive, huh? Looks like we’re in for a thrilling episode of “Crypto Consolidation Chronicles” through April and May. Buckle up. 🎢

Our friend Axel Adler Jr., over on X, points out that daily selling volume on major exchanges went from a staggering81,000 Bitcoin (BTC) to a mere29,000 BTC. It’s like everyone suddenly decided to keep their Bitcoins as pets instead of selling them. This could mean we’re entering a phase where Bitcoin is so rare, it’s like finding a parking spot in Manhattan on a Saturday night.🚗💨

The average selling pressure on top exchanges has dropped from81K to29K BTC per day.

Welcome to the zone of asymmetric demand.

The market has successfully absorbed waves of profit-taking following the break above $100K.
Sellers have dried up, and buyers seem comfortable with…

— Axel 💎🙌 Adler Jr (@AxelAdlerJr) April1,2025

Meanwhile, in the futures trading market, it’s like watching a soap opera. Short positions were all the rage, but now they’re fizzling out faster than my enthusiasm for a gym membership in February. 🏋️‍♂️💤

Institutional investors are now the main characters in this Bitcoin drama, making the asset more sensitive to macroeconomic plot twists—think Federal Reserve policy shifts and inflation reports. It’s like Bitcoin’s now a character in a high-stakes financial thriller. 🎬

And let’s not forget Binance, the elephant in the room. Its trading volume is now eight times higher than Coinbase’s. Historically, when Binance leads, Bitcoin surges. It’s like having a secret cheat code for the market. 🕹️

Dominance of Binance’s Spot Volume and Its Market Impact

“This indicator is turning positive again, meaning Binance’s volume is consistently outpacing other exchanges. The last time this happened was in January2024, when Bitcoin was trading at around $42,000 and later surged to…

— CryptoQuant.com (@cryptoquant_com) March31,2025

But wait, not everything’s sunshine and rainbows. Rising inflation and new tariffs are like the villains in this story, potentially affecting risk assets like Bitcoin. According to10x Research, inflation expectations could slow down institutional interest, making Bitcoin’s price drop below $80,000. It’s like watching your favorite team lose in the last minute. 😓

As of now, Bitcoin’s hanging around $83,530, with a seven-day range that’s been more volatile than my mood after a bad cup of coffee. Sure, there are risks, but with selling pressure dropping, it’s like the market’s finding its zen moment. Maybe, just maybe, it’s setting the stage for something big. Or it’s just another day in the life of a crypto enthusiast. 🧘‍♂️💰

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2025-04-01 12:08