Bitcoin has been steadily moving away from centralized crypto exchanges, signaling that investors are accumulating and holding their assets for the long term.
According to CryptoQuant analyst Darkfost, exchange outflows have continued for the past two months, with several days showing only withdrawals, a trend described as remarkable. Since early March, the average monthly exchange flow has turned negative and now sits at minus 1,640 BTC.
This pattern reflects a growing accumulation trend that has been building over recent months. When Bitcoin leaves exchanges in this way, it is typically an indication that investors intend to hold rather than sell. Sustained behavior like this points to a broader structural shift rather than occasional transfers, making it a notably positive signal for the market.
Rising Inflows Signal Possible Short Term Selling Pressure
Despite the accumulation trend, CryptoQuant observed a contrasting development when Bitcoin approached the 75,000 dollar resistance level. Exchange inflows surged, with roughly 11,000 BTC per hour moving onto exchanges, marking the highest level since December 2025 and surpassing the spike seen in March that came before a market pullback.
This movement suggests that large holders may be preparing to sell into market strength, increasing the likelihood of short term selling pressure. Additionally, the average Bitcoin deposit to exchanges climbed to 2.25 BTC, the highest daily level since July 2024.
The surge was largely driven by significant transfers exceeding 1,000 BTC into Binance, confirming that the activity came from large holders rather than retail investors. Historically, this type of pattern has often been followed by extended selling pressure and price corrections.
Glassnode also noted in its latest on chain report that Bitcoin is trading about 5.2 percent below the True Market Mean of 78,100 dollars, which remains an important resistance level in the near term. Although the price has not yet managed to break and hold above this threshold, there is still a strong संभावना of a move toward or even beyond it in the medium term.
Bitcoin Price Outlook Remains Uncertain Near Resistance
Bitcoin reached an intraday high of 75,200 dollars during late Wednesday trading before slipping back to around 74,500 dollars. It later attempted to reclaim the 75,000 dollar level during Thursday morning trading in Asia.
The asset is currently trading near the top of a ten week range and continues to face strong resistance in this region. However, analyst Ted Pillows believes Bitcoin has broken out of a seven month downtrend and could make one final push toward the 77,000 to 78,000 dollar range. He cautions that this may be followed by a decline to new lows in the second quarter of 2026.#crypto#cryptonews https://coinsignals.nethttps://t.me/coinsignalpublic
