Recent market data highlights a notable decrease in aggressive Bitcoin ($BTC) selling over the past month. This points to a reduction in seller pressure. On-chain data from CryptoQuant, as depicted in the following chart, shows a decline in Bitcoin’s Net Taker Volume for sell orders, a metric that tracks buying and selling activity. This shift suggests fewer large sell-offs.
Bitcoin On-Chain Data Signals Potential Growth
Analysts note that in the absence of negative macroeconomic or market catalysts, Bitcoin could experience moderate growth in the current week. This comes after a volatile period for Bitcoin in 2025, with its price dipping to $76,000 earlier this month. However, the latest data indicates a potential rebound may be on the horizon.
Currently, BTC is trading at $87,467 with a 3.76% increase over the last 24 hours. BTC is currently trying to break the $87,500 resistance. BTC tried to break this resistance on 20th of March as well but it failed facing another 5% correction towards $82,000. With BTC’s 3.76% surge today, the overall outlook of altcoins has also turned green turning the market sentiment from fear to neutral.
Broader Market Context and Influencing Factors
The broader market context also supports optimistic outlook mentioned above. Several factors are aligning to bolster Bitcoin’s potential recovery. Currently, Bitcoin appears heavily oversold against the backdrop of a surging global M2 money supply, a trend that often drives renewed investor interest in the cryptocurrency. Macroeconomic indicators, such as inflation and interest rates, continue to play a significant role in crypto markets, with high inflation historically pushing investors toward Bitcoin as a hedge.
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Additionally, CryptoQuant data reveals that smart money investors are holding steady and not selling off, signaling confidence in Bitcoin’s next phase. Meanwhile, the S&P 500, which experienced a correction earlier this month, has bounced back reflecting broader market resilience that often correlates with Bitcoin’s performance. Together, these factors suggest a favorable environment for Bitcoin’s potential growth in the near term.