After experiencing a significant drop earlier in March that took its value down to approximately $74,000, Bitcoin appears to be showing signs of recovery. Over the past week, it has experienced a robust rebound, increasing by nearly 10%, and is currently trading above $84,000.
This upswing has sparked renewed hope amongst investors, even as certain analysts express reservations about labeling it as an undeniable shift in direction.
Apparent Demand Shows Recovery, But Trend Reversal Uncertain
Based on current data from blockchain transactions, the recent increase in Bitcoin appears to be connected to strengthening signs of demand. Yet, experts warn that the overall market trend has yet to fully verify if this surge signifies a long-term rally or simply a brief interruption during the ongoing adjustment period.
Notably, the crypto expert Kripto Mevsimi highlighted the Apparent Demand indicator of Bitcoin, focusing on its 30-day total. Remarkably, this figure has recently begun to rise out of the negative zone.
It appears that this pattern could indicate shifting market conditions. Nevertheless, Mevsimi advises against jumping to conclusions about a fresh bullish phase starting. Instead, they compare it to Bitcoin’s actions toward the end of its cycle in 2021.
For quite some time during that spell, the demand stayed relatively low, despite short-term price increases. It wasn’t until following a prolonged period of stability that the market underwent a significant, lasting transformation.
As a researcher, I’m pointing out that while there seems to be an improvement in momentum, it’s crucial to allow more time and gather additional confirmations before we can confidently assert a large-scale trend reversal has taken place.
Bitcoin Short-Term Holder Selling Pressure Declines on Binance
As a researcher, I find it noteworthy to keep an eye on market signals emanating from Binance, one of the leading crypto exchanges by trading volume. According to the analysis of CryptoQuant’s Darkfost, there has been a consistent decrease in Bitcoin inflows from short-term holders (STHs) into Binance. This trend implies a reduction in immediate selling pressure, which could potentially indicate a shift in market dynamics.
The data suggests that the typical selling price for STHs is approximately $92,800 now, implying that numerous recent sellers have incurred a loss upon their sale.
darkfost observes a decrease in Bitcoin inflows from South-to-Hodlers (STHs), going from about 17,000 BTC in November to around 9,000 BTC now. This potential reduction in selling could offer some underlying support for the current price range of Bitcoin.
Despite this decrease in selling pressure, the analyst underscores the importance of ongoing observation to ascertain if it’s sustainable. A lessening of short-term holder activity might lessen resistance and promote market equilibrium, yet we haven’t seen clear signs of accumulation or a broader bullish trend just yet.
STH selling pressure declining on Binance
Monitoring Bitcoin inflows on Binance can be a helpful method to anticipate possible selling pressure since it processes substantial trading volumes, thereby offering a clearer picture.
Short Term Holders have been under considerable stress recently, with many even ending up…
— Darkfost (@Darkfost_Coc) April 13, 2025
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2025-04-15 06:45