- Massive BTC outflows, reported at over 11K coins, reflect a trend of whales transferring holdings to cold storage and reducing exchange supply.
- On-chain data from Glassnode shows a net transfer volume of 11,574 BTC on March 25, aligning with ongoing market activity near $90K.
- Historical trends indicate that reduced exchange supply may favor a supply squeeze, supporting upward price moves as BTC approaches key resistance levels.
Bitcoin exchange outflows reached a seven-month high as over 11,574 BTC were withdrawn on March 25. The market now faces declining exchange supply while efforts intensify to break the $90K barrier. This development comes amid steady withdrawal activity by large holders and reflects evolving investor behavior in the digital asset space.
Exchange Outflows Surge
A tweet from Satoshi Club (@esatoshiclub) reported that over 11,574 BTC, roughly valued at $1B, were withdrawn on March 25. The tweet noted that most of these withdrawals were executed by whales holding 1,000+ BTC. Large-scale BTC outflows have been observed recently as investors transfer coins to cold storage. This practice reduces available selling pressure and supports long-term accumulation.
The chart from Glassnode displays net transfer volume over the past year. Red bars indicate net outflow from exchanges, while green bars show inflow. The dominant red bars reveal a trend of consistent outflows over the last several months. Investors appear to favor holding their coins rather than selling them.
On-Chain Analysis
The Glassnode chart shows a net transfer volume of -11,574 BTC on March 25. The negative figure underscores a sizable reduction in Bitcoin supply available on exchanges. The BTC price stood at $87,433.89 on that day, marking a period of active market adjustments. Historical net outflows have often preceded upward price moves in previous cycles.
The data suggests that exchange withdrawals continue to rise even as the price remains steady. Traders monitor these movements closely since lower exchange supply may reduce downward pressure. In this context, technical analysis and on-chain data provide useful insights for market participants.
Future Trading Levels
Current market data shows Bitcoin attempting to break above the $90K level. If BTC sustains above this threshold, it could test the $95K range in the near term. Traders keep a close eye on these key resistance levels. The combination of on-chain signals and price action offers a clear view of trading opportunities.
A sustained outflow trend supports a scenario where available supply becomes scarce on exchanges. Such a supply constraint may drive prices higher if demand remains steady. Investors continue to track large transfer volumes to adjust their strategies accordingly. Market participants rely on these data points to navigate the current market environment.
