Bitcoin's sellers have significantly diminished as weekly exchange inflows reach near two-year lows, pointing to potentially bullish market conditions. Data from on-chain analytics platform CryptoQuant shows a dramatic decrease in Bitcoin inflows to major exchanges, dropping from an average of 81,000 BTC per day in November to around 29,000 BTC at present. This reduction in sell-side pressure follows Bitcoin's surge above $100,000 in late 2024. Analysts suggest that the current market environment could set the stage for a supply shortage, indicating a consolidation period before a potential new price increase. Additionally, the trading activity on Binance reflects a more neutral market stance, with fewer Bitcoins transferred compared to other exchanges. These trends suggest that buyers are becoming more comfortable with current price levels, further emphasizing the reduced selling pressure.

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