קונים של ביטקוין מפגינים "אמונה מחודשת" עם עליית מחיר ה-BTC לכיוון 79,000 דולר

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Bitcoin
BTCUSD
rallied past $79,000 during the New York trading session on Wednesday as buying pressure strengthened. Meanwhile, BTC supply on exchanges continues to drop, reducing sell-pressure, a new analysis said.

Key takeaways:

Bitcoin price taps $79,000 as onchain data shows signs of returning demand.

Bitcoin supply on exchanges continues to drop as long-term holders accumulate.

Bitcoin buyers on Binance are back

Bitcoin’s cumulative net taker volume suggests buyers are stepping in as demand for BTC derivatives on Binance returned, data from CryptoQuant shows.

Cumulative net taker volume, a metric that measures the running total of the difference between aggressive buyer and seller volume in Bitcoin futures, has risen to $9.2 billion on Binance, its highest level since February.

In other words, buyers are once again “stepping in aggressively and absorbing available sell-side liquidity,” CryptoQuant analyst Amr Taha said in a Wednesday QuickTake note.

This positive regime coincided with the latest BTC price rally above $79,000, indicating that demand has returned across derivatives markets.

“When aggressive buying returns to this kind of level, it usually points to renewed conviction from market participants,” Taha said, adding:

“As long as this demand profile remains firm, buyer control on Binance continues to support the broader bullish structure.”

The 90-day Futures Taker cumulative volume delta (CVD), a metric that measures the difference between buy and sell volume over a three-month period, further reinforces this picture.

It has been increasing steadily since late March, as shown in the chart below.

“This sustained rise confirms that aggressive market participants are consistently hitting the ‘Ask’, ” CryptoQuant analyst Abdullah Zia said, adding:

“This is a high-conviction signal showing that demand is actively absorbing any available sell-side liquidity in the futures market.”

Meanwhile, demand for spot Bitcoin exchange-traded funds (ETFs) continues, with these investment products recording seven consecutive days of inflows, totaling $1.9 billion.

As Cointelegraph reported, several Bitcoin metrics are turning bullish, including the bull score index hitting six-month highs, indicating a possible beginning of BTC’s new bull market.

Bitcoin supply on exchanges tightens

CryptoQuant’s exchange reserve data highlighted signs of supply tightening, as BTC balance on Binance “continues to decrease significantly.”

The chart below shows that the Bitcoin supply on Binance has dropped to about 618,300 BTC from around 675,000 in early January.

Such low levels have historically marked BTC macro bottoms as seen in late 2022, early 2024 and mid-2025.

When the supply on exchanges contracts at market bottom levels, it could mean “investors holding onto Bitcoin instead of selling and transferring it to personal wallets for storage, making the market more scarce,” CryptoQuant analyst Rei Researcher said in a QuickTake note on Wednesday, adding:

“This often leads to a sharp price increase in the next bullish cycle.”

Additional data also reflects accumulation phase conditions, as long-term holders (LTHs), investors who have held Bitcoin for more than 155 days, ramped up buying.

The LTH net position change has been positive since March 1, with about 130,000 BTC bought over the past 30 days.

If this trend continues, the market could be entering another phase where constrained supply and “higher demand drives up the value of BTC,” the analyst added.
source: https://www.tradingview.com/news/cointelegraph:4fe1c76d5094b:0-bitcoin-buyers-show-renewed-conviction-with-btc-price-push-toward-79k/