-
Bitcoin shows resilience as low exchange deposits signal selling pressure exhaustion, despite global instability.
-
Exchange inflows drop to 28,235 BTC, approaching accumulation zones that historically precede market bottoms.
-
90-Day Gradient Oscillator flips positive; short-term momentum strengthens with BTC trading 25% above realized price.
Bitcoin is displaying surprising resilience despite a persistently bearish macro environment and ongoing global instability. According to crypto analyst GugaOnChain, the low volume of deposits into exchanges confirms that selling pressure has largely exhausted.
According to the analyst, recent military tensions in Iran have led to significant increases in the price of oil, with WTI reaching $75 and Brent reaching $82, further pressuring the existing bear market. However, the price of Bitcoin, at $68,637, appears robust, with technical levels nearing the accumulation zone, showing signs of optimism for investors.
Recent data on the inflow of assets into exchanges indicates only 28,235 BTC was transferred on March 3, which is below the 40,000 BTC threshold, showing low selling pressure. It is worth noting that cycle high exchange inflows ranged from 97,587 BTC to 134,619 BTC, while cycle low exchange inflows ranged from 13,994 BTC to 58,584 BTC.
Hence, the current reading indicates a significant drop in spot market selling, which historically precedes market bottoms. “Although global instability and the bear market are expected to persist, the low volume of deposits into exchanges validates the exhaustion of selling pressure in Bitcoin,” noted GugaOnChain.
Momentum Signals Flip Positive
Additionally, the 90-Day Market vs Realized Price Gradient Oscillator flipped positive at 0.07 after hitting -3.22, signaling renewed short-term momentum. Analyst RugaResearch emphasized, “Each time this oscillator recovered from extreme negatives back to positive, the market was already rebuilding underneath.”
The indicator measures the rate of change between market price and realized price, showing that buyers are regaining control. Consequently, Bitcoin’s short-term strength is improving, with the price now 25% above its realized level of $54.5K.
However, long-term momentum is still cautious and subdued as the 365-day SMA still remains at -0.22. This means that confirmation of a recovery is still pending. Nevertheless, it is evident that the rapid change from -3.22 to +0.07 shows that the selling pressure is exhausted and is turning in favor of accumulation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto analyst Murphy: The current difficulty of trading BTC in the short term is extremely high—sharing my personal trade records and risk management strategies
Bitcoin’s short-term trading difficulty is increasing. Analyst Murphy recommends adopting a DCA (dollar-cost averaging) strategy over the next six months, with a win rate approaching 100%. He emphasizes the need to distinguish between investing and trading, avoid wishful thinking, follow the long-term trend, and strictly adhere to short-term trading discipline.
GateNews14m ago
Bitcoin Hits $73K as US CPI Data Cools, Gas Prices Hit 60-Year High
Bitcoin traded near the $73,000 zone after the March CPI print came in cooler than some forecasts, easing some inflation fears and setting the stage for a cautious push higher. The Bureau of Labor Statistics showed the consumer price index rose modestly, with energy costs driving the month’s big
CryptoBreaking22m ago
BTC is quoted at about $71,646, up about 6.1% from $76,000; ETH is quoted at about $2,215
Gate News update, April 12, BTC’s current price is about $71,646, up about 6.1% from $76,000; ETH’s current price is about $2,215, up about 8% from $2,400.
GateNews1h ago
BTC Whale Inflows Drop, LTHs Accumulate Strongly
Recent data shows Bitcoin whale inflows to exchanges have dropped to below $3 billion, indicating reduced selling pressure. Meanwhile, long-term holders have accumulated $49 billion in Bitcoin, signaling a market transition. This shift suggests potential stability and reduced volatility, although macro factors could still affect prices.
Coinfomania2h ago
NewsAlert: Trump Issues Iran Ultimatum – How BTC, ETH, And XRP is Reacting
Trump raised the temperature again with a fresh Iran deadline and warnings of overwhelming force. The rhetoric was extreme, and markets treated it as immediate macro risk.
To be precise, widely cited reports quote Trump saying Iran could be destroyed “in one night” if no deal is reached, not
LiveBTCNews2h ago
Macro investors: A BTC breakout above $76,000 and an ETH breakout above $2,400 may signal a trend reversal
Macro investor Jordi Visser believes that if Bitcoin and Ethereum break through $76,000 and $2,400 respectively, it will kick off a sustainable uptrend. He expects high inflation to push investors to seek profitable assets, and notes that the probability of an economic recession has fallen to 24%. This view contrasts with the current bearish expectations in the crypto industry.
GateNews2h ago
