Over 27,740 Bitcoin worth $2.4 billion were withdrawn from exchanges on March 25, the highest daily outflow since July 31, 2024.
Whales, holding at least 1,000 BTC, withdrew more than 11,574 BTC worth about $1 billion from exchanges on March 25, reducing sell pressure and signaling bullish sentiment.
Spot Bitcoin ETFs have seen inflows for eight straight days, totaling $896.6 million, suggesting major investors buying BTC again.
Bitcoin price faces overhead resistance from the 20-weekly exponential moving average, but breaking it could lead to a resumption of the bull market.