Bitcoin Holders Set Stage for $100,000 as Exchange Inflows Drops
By: cryptosheadlines|2025/05/02 21:45:02
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Leading cryptocurrency Bitcoin (BTC) broke above the $95,000 psychological barrier on Thursday, driven by renewed confidence among long-term holders. With key on-chain metrics pointing to a slowdown in exchange-bound inflows, the coin may soon reclaim the $100,000 price mark.BTC Poised for Further Gains Amid Low Sell-Offs and Rising DemandAccording to on-chain data from CryptoQuant, the number of unique wallet addresses sending BTC to exchanges has dropped to its lowest level since 2017. This currently sits at 19,282 addresses, falling by over 60% over the past month. Bitcoin Exchange Depositing Addresses. Source: CryptoQuantThis metric, commonly interpreted as a measure of sell-side pressure, suggests that fewer investors are looking to offload their holdings, reinforcing the current bullish sentiment in the BTC market.Historically, low exchange inflows like this have aligned with periods of strong price performance. Reduced selling activity tightens the coin’s supply on trading platforms, driving up BTC’s value.Moreover, the spike in BTC’s Taker Buy Sell Ratio on leading cryptocurrency exchange Binance adds to this bullish narrative. In a new report, CryptoQuant analyst Amr Taha noted, “the most recent data point shows a sharp increase to 1.142, the highest level in this range.”Bitcoin Taker-Buy Sell Ratio. Source: CryptoQuantThis metric measures the ratio of buy orders executed against sell orders in the futures market. A taker buy-sell ratio below one indicates that more sell orders are being executed, suggesting a shift in market sentiment from bullish to bearish.When this ratio is above one, there are more buy orders than sell orders. This indicates that more market participants are aggressively buying BTC rather than selling it, suggesting a demand-driven market.The rising ratio on Binance is particularly significant, as it signals growing demand for the coin on the largest cryptocurrency exchange by trading volume. If this trend holds, BTC’s price could continue to climb.Bitcoin Eyes $100,000 as Bull Power Gains MomentumOn the technical side, readings from BTC’s Elder-Ray Index confirm the strengthening demand for the coin. On the daily chart, the histogram bars of this indicator have expanded in size over the past few days, highlighting an increasing buildup of buying pressure in the market.The Elder Ray Index measures the strength of buying and selling pressure in the market, using two key components: Bull Power and Bear Power. When the size of its bars increases and its value is positive, it indicates growing buying pressure. It suggests the market is in an uptrend with increasing strength behind the bullish movement.If this continues, BTC could smash through the resistance at $98,983, reclaim the $100,000 price mark, and charge toward $101,070.BTC Price Analysis. Source: TradingViewHowever, if profit-taking activity resumes, this bullish projection will be invalidated. In that scenario, BTC could resume its downward trend, break below $95,971, and trend to $91,851.DisclaimerIn line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.Source link
You may also like

Auto Earn Compared 2026: Which Exchange Gives The Most Extra Bonus?
What is Auto Earn in crypto? Compare Kraken, OKX, Bybit, Binance, and WEEX Auto Earn features in 2026 and see which platforms provide additional promotional rewards beyond standard yield mechanisms.

Nearly $300M Targeting U.S. Midterm Elections, Tether Exec Leads Crypto Industry's Second-Largest Political Fund
In the crucial window of legislative bargaining, using political contributions to advance industry interests.

Anthropic's Triple Moment: Code Leak, Government Standoff, and Weaponization
When AI is both the attacker and the defender, can cybersecurity still hold up?

OpenAI and Anthropic both announced acquisitions on the same day, causing dual IPO anxiety.
The two companies have a valuation difference of more than two times, but they are vying for the same pool of investors' money.

Forbes: Quantum Technology Threatens the Crypto Industry? But It's More Likely an Opportunity
Quantum computing will not upend blockchain, but it will force its security to be restructured.

Rhythm X Zhihu Hong Kong Event Recruitment Skills, Register Now for a Chance to Showcase Live
On April 21, if you are also in Hong Kong, you will have the opportunity to showcase your skills live.
CLARITY Act 2026 Update: Stablecoin Yield Ban, Senate Compromise, and What It Means for Crypto Markets
The CLARITY Act may reshape stablecoin yield rules, DeFi incentives, and crypto liquidity in 2026. Learn the latest Senate updates, timeline changes, and what the regulation could mean for crypto traders.

Bitcoin mining companies flee for the Nth time
When mining no longer generates sufficient economic returns, the rational business decision is naturally to shift resources; however, if this trend continues to spread, the question of who will bear the long-term costs of maintaining the security of the Bitcoin network will become a problem that mus...

Stablecoin mergers: there will be no "winner takes all"
Dialogue with the founder of Dynamic: See how embedded wallets and stablecoins break down technical barriers, allowing businesses to create a "global version of Venmo" within hours, reshaping the trillion-dollar payment infrastructure.

Warmonger Trump has forgotten about Americans waiting in airport lines for hours
Feeling down? Just watch the American TSA Agent who takes out a loan every day to go to work now

Houthi Have a Checkpoint | Rewire News Morning Brief
Over 40 Foreign Diplomats Discussing Reopening Trade Route, U.S. Refuses to Attend

The Money-Saving Philosophy of the AI Era: How to Spend Every Token Wisely
The unit of billing has changed time and again, but the instinct to save money has remained constant throughout history.

$240 Billion Dark Forest, The Fall of Iron Finance
Prince Group's key member Li Xiong escorted back to China, bringing an end to an underground financial empire thriving on Telegram.

3 hellos limit, where did your Claude Code limit go? A 28-day cache Bug, and an official response that encourages you to "use it sparingly."
The credit limit of premium users evaporates at a rate 10-20 times faster, and the official response is to ask you to use it more sparingly.

How to Make Money on Polymarket Using AI?
Polymarket is the wallet, Claude is the brain, Perplexity is the eye

Morning Report | YZi Labs strategically increases investment in Predict.fun; Drift Protocol suffers an attack with losses of at least $200 million; Coinbase's x402 joins the Linux Foundation
Overview of Important Market Events on April 2nd

The $590 Billion Dream: How Did the Female Warren Buffett Fall from Grace?
At the height of her success, she was destroyed by her own success.

Dialogue with the founder of Pantera: Bitcoin has reached escape velocity, traditional assets are being left behind
If you have no exposure to blockchain, in a way, you are already shorting this trend.
Auto Earn Compared 2026: Which Exchange Gives The Most Extra Bonus?
What is Auto Earn in crypto? Compare Kraken, OKX, Bybit, Binance, and WEEX Auto Earn features in 2026 and see which platforms provide additional promotional rewards beyond standard yield mechanisms.
Nearly $300M Targeting U.S. Midterm Elections, Tether Exec Leads Crypto Industry's Second-Largest Political Fund
In the crucial window of legislative bargaining, using political contributions to advance industry interests.
Anthropic's Triple Moment: Code Leak, Government Standoff, and Weaponization
When AI is both the attacker and the defender, can cybersecurity still hold up?
OpenAI and Anthropic both announced acquisitions on the same day, causing dual IPO anxiety.
The two companies have a valuation difference of more than two times, but they are vying for the same pool of investors' money.
Forbes: Quantum Technology Threatens the Crypto Industry? But It's More Likely an Opportunity
Quantum computing will not upend blockchain, but it will force its security to be restructured.
Rhythm X Zhihu Hong Kong Event Recruitment Skills, Register Now for a Chance to Showcase Live
On April 21, if you are also in Hong Kong, you will have the opportunity to showcase your skills live.
