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An unusual situation has emerged in the Bitcoin market, according to CryptoQuant., 2026/04/14 14:29:07
A peculiar situation has emerged in the Bitcoin market, as the price of the leading cryptocurrency is rising despite a decline in open interest on the major cryptocurrency exchange Binance, according to analysts from the on-chain platform CryptoQuant.
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On-chain experts believe that this development indicates a more stable price movement and a shift in investor behavior. Such a scenario typically suggests that the price increase is primarily driven by spot purchases. Additional momentum is provided by the liquidation of short positions held by traders, which intensifies buying pressure and supports the price of Bitcoin.
“The risk of sharp liquidations is decreasing, and the Bitcoin market is becoming less reliant on the sentiments of market participants. For a sustainable continuation of the bullish trend, it is crucial for capital to gradually flow back into spot Bitcoin ETFs,” representatives from CryptoQuant explained.
Analysts have observed a reduction in the influx of Bitcoins onto exchanges. At Binance, the 30-day average has reached approximately 3998 BTC, marking a low not seen in over six years and a level comparable to that of 2020. This indicates a change in investor behavior: assets are less frequently transferred to exchanges for sale, with a holding strategy becoming more prevalent, while short-term selling pressure is diminishing.
According to CryptoQuant specialists, some capital may be shifting towards alternative instruments, including exchange-traded funds (ETFs), further decreasing the flow of the leading cryptocurrency on trading platforms.
Previously, the president of the hedge fund Weiss Multi-Strategy Advisers, Jordi Visser, stated that for the bullish trend of the leading cryptocurrency to solidify, it must surpass the $76,000 mark.
