Bitcoin's selling pressure is fading as over-the-counter (OTC) trading activity surges, with its share of total market flow climbing to 82.26%. This trend indicates that institutional demand is absorbing supply with minimal slippage, reducing the burden on public exchanges.
Exchange Flow Distribution
Only 17.14% of Bitcoin's flow remains on exchanges, with Coinbase capturing 58.21% of that activity. Meanwhile, long-term holders remain largely inactive: despite a settlement volume of 706,000 BTC, just 94.68 BTC of older coins moved to exchanges. This suggests that most holders are not reacting to current price levels by selling.
Weak Hands Exit and Profit/Loss Ratio
Realized losses, which previously spiked to $400 million per day, have now declined sharply, signaling that most weak hands have exited the market. The realized profit/loss ratio is trending toward 1, reflecting a more balanced market positioning.
Key Resistance and Outlook
As Bitcoin approaches $72,000, a dense liquidity cluster in the $73,000 – $74,000 range acts as a resistance. A sustained move above $73,000 could accelerate the uptrend, while failure to break higher may keep the price range-bound. Traders are watching this zone closely for a potential breakout.