Bitcoin Deposits Hit Historic Low – Is A Bull Run Coming?

By: cointribuneen|2025/05/03 16:30:01
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As bitcoin advances toward $100,000, on-chain data reveals a change in investor behavior. We deliver all the details in the following paragraphs! Historic drop in bitcoin deposits on crypto exchanges According to a CryptoQuant analyst, the number of BTC addresses sending funds to crypto exchange platforms has fallen to its lowest level since 2017 . This decline suggests a clear intent from holders to keep their bitcoin. Perhaps they anticipate a strong short-term rise! Decoding: bitcoin holders seem to refuse to sell, preferring to bet on future appreciation. The evolution of the economic cycle and the expected decisions from the FED could strengthen this trend . A drop in interest rates (as speculated by some crypto analysts) would indeed favor risk assets like BTC. And not only that! It would also reduce the yields of traditional fixed-income products, pushing more investments toward cryptocurrencies. Bitcoin: a bullish signal confirmed by technical analysis? The BTC price recently crossed the $97,000 mark. It has thus reached its highest level since February. According to Ali Martinez, the next crucial threshold is at $97,530. A clean breakthrough would strengthen the momentum toward a new ATH , the last being at $108,786. On his side, Titan of Crypto highlights that bitcoin shows a strong bullish monthly candle. He supports that the leading crypto is trading above several Ichimoku cloud technical indicators. These signals back a favorable outlook for the coming weeks. Analyst Burak Kesmeci even mentions a target of $124,000, based on the golden ratio model. Faced with this momentum, the crypto market anticipates a gradual rise. This would be fueled by: a decrease in inflation ; a return of liquidity to the financial markets. The potential return on bitcoin thus becomes attractive again for crypto investors. The combination of on-chain, technical, and macroeconomic signals creates a fertile ground for a new bitcoin surge . The coming days prove crucial to confirm this trend!

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