Oh, the thrilling world of Bitcoin! Hold onto your hats, my dear children, for over 27,740 Bitcoin, worth a whopping $2.4 billion, have swum away from the exchanges like sneaky little fish on March 25—the highest daily outflow since the day of froggy jumpers—July 31, 2024!
You might ask, can our beloved Bitcoin bull run decide to rear its charming head once more? Well, let’s peer into the crystal ball of finance and find out!
Bitcoin Exchange Outflows Hit 7-Month High 🎉
As Bitcoin tries its glitzy best to break above the magical $90,000 mark, it’s shedding supply from exchanges like a snake shedding its skin!
Now, here’s the juicy gossip: a bunch of whales (yes, those beings that hold at least 1,000 BTC) have pulled out more than 11,574 BTC—about $1 billion—from exchanges on the same day. Talk about a whale of a tale!
Golly gee! When big ol’ whales wriggle free from exchanges like kids escaping for recess, it usually signals a delightful accumulation and a bullish sentiment that can send those prices through the ceiling!
And looky here! That knackering blockchain study by Arkham Intelligence spotted a “billionaire Bitcoin whale” gobbling up 2,400 BTC—worth over $200 million—on March 24. Quite the shopping spree after a slight sell-off in February, eh? This whale now flaunts over 15,000 BTC in their pockets!
Spot Bitcoin ETF Flows Take a “Positive Turn” 🚀
But wait, there’s more! The incredibly bright lights of institutional investors have turned back on, with capital flows into spot Bitcoin exchange-traded funds (ETFs) running like a merry little train since March 14! Eight straight days of inflows totaling a dazzling $896.6 million—the galas just keep coming!
“ETFs have taken a positively jolly turn since March 14th,” chortled the wise folks at market data provider Santiment.
“This is the first streak of this length in 2025.”
💸📈 ETFs have been dancing a merry jig since March 14th! Money’s flowing in faster than a goose with a golden egg each day! The first streak of this length in 2025—what a treat!
— Santiment (@santimentfeed) March 26, 2025
Our good friends at CryptoMoon have also chirped that digital asset investment products are finally singing the tune of net inflows for the first time in five long weeks.
BTC Price Eyes Key Trendline to Resume Bull Market 🤞
According to the treasure maps from CryptoMoon Markets Pro and TradingView, BTC/USD sits at around $88,265—up a cheeky 1.2% over the past day! But caution, dear friends, as Bitcoin faces some clingy resistance from the 20-weekly exponential moving average (EMA) at $88,682.
Now, for this rigmarole to keep going, Bitcoin must flip this level into support, like a pancake at breakfast! The chart below shows how breaching the 20-weekly EMA has historically led to delightful rallies in Bitcoin’s price.
And remember, my dear little munchkins, back in October 2023 when BTC price popped above this moving average, it soared a staggering 170%! From $27,000 to a mind-blowing all-time high above $73,000 by March 14, 2024. What a ride!
Something similar occurred in September 2024, where BTC’s price jumped from $60,000 to $108,000, a 77% rally! Oh, to have a crystal ball!
Popular analyst Decode warns, this trendline is the “most important level right now for Bitcoin.” And Keith Alan, co-founder of Material Indicators says, Bitcoin needs to reclaim the 2025 yearly open at around $93,300 to confirm a path toward those ever-elusive all-time highs!
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2025-03-26 14:45