Bitcoin traded largely sideways Tuesday after a broader market dip, but it has climbed nearly 6% over the past week, outpacing several major digital assets. On-chain signals suggest growing accumulation that many analysts say could help drive BTC back toward $80,000 in the months ahead. Analyst Crypto Patel’s Bitcoin Exchange Net Flow chart shows more than 32,060 BTC withdrawn from centralized exchanges over the past 30 days. Outflows of this size typically reflect transfers to private wallets or cold storage—moves associated with long-term holding rather than quick selling—and just 2.44 million BTC now remain on exchanges, the lowest level in years. Market watchers echoed that bullish interpretation. Ki Young Ju pointed to continuing optimism among Bitcoin analysts, while researchers at CryptoQuant flagged that the Exchange BTC Whale Ratio recently reached its highest level in six years. That ratio measures large transactions into exchanges relative to total inflows, and CryptoQuant analyst CW8900 noted historical patterns where a rising whale ratio can mark a short-term market bottom and precede the start of an uptrend. Analyst Michaël van de Poppe added that broader market structure is beginning to favor upside: Bitcoin’s momentum versus traditional assets like gold has strengthened while gold consolidates, raising Bitcoin’s valuation relative to gold and suggesting renewed buying power. If the current momentum holds, van de Poppe said Bitcoin could move back toward $80,000. At press time, BTC was trading at $74,169, up about 0.77% in the past 24 hours.
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