Bitcoin – A new ‘2025 high’ for BTC will affect traders because…

• Bitcoin has lost 2.5% of its value over the last 24 hours
• Bitcoin’s Binance net taker volume hit a 2025 high of $467 million on the charts

Over the past week, Bitcoin [BTC] has registered a strong upswing, with the crypto climbing from a local low of $76,600 to a high of $87,470.

The latest price pump is a sign of a potential shift in market dynamics, with buyers slowly coming back to the market. In fact, according to CryptoQuant’s analysis, Bitcoin is now seeing a potential hike in buying pressure. Accordingly, the net taker volume on Binance surged by $467 million – Its highest level of 2025 – over the past day.

Source: CryptoQuant

Such a massive volume spike alludes to stronger buying pressure than selling. Since Binance has the highest trading volume, the upswing could mean improving sentiment and growing confidence among investors.

The uptick in confidence and buying pressure can be further seen in circulating supply, especially for coins aged ≤1 week. At the time of writing, this cohort had fallen by 50% from 5.9% to 2.8%. Such a dip usually means a sharp reduction in all the Bitcoin available to trade.

Source: Glassnode

This trend can also be validated by BTC exchange inflows, with the same dropping from 58.6k to 26.9k BTC/day, according to Glassnode.

This marked a 54% decline – In alignment with capital flows and investor sentiments. Usually, lower inflows with higher capital flows allude to a fall in sell-side activity.

What do Bitcoin’s charts say?

Well, Bitcoin buyers are back in the market. That’s not all though as BTC is also seeing a high accumulation rate across market participants.

Source: IntoTheBlock

For starters, looking at whales’ behavior, we can see that whales are buying more than they are selling. As such, Bitcoin’s Large Holders Netflow to Exchange Netflow Ratio declined from 0.17% to -0.04%.

When whale exchange netflows hit a negative value, it means that whales are withdrawing more from exchanges than they are depositing. Such market behavior is a sign of strong bullish sentiments from large holders.

Source: CheckOnChain

This trend can be further evidenced by a declining Shark, Whales, and Exchange balance change over the past 30 days.

According to CheckOnChain, throughout March 2025, both sharks and whales recorded a falling exchange balance. In fact, figures for both sharks and whales fell, alluding to more withdrawls from exchanges and hence, a hike in accumulation from both sets of holders.

What does this mean for Bitcoin?

Historically, a higher buying pressure has meant strong demand for BTC, which usually leads to higher prices. With buyers making a comeback in the market, we could see Bitcoin make a sustained recovery on the price charts.

Therefore, if the demand seen over the past week holds,  BTC could reclaim the $86k resistance level. A sustained move above this level will strengthen the crypto to reclaim the $90k-level.

On the contrary, if buyers who bought BTC below $80k sell, a pullback could see Bitcoin drop to $82,000.