The post Bitcoin Supply Hits 8-Year Low—Is $138K BTC Price Still in Play? appeared on BitcoinEthereumNews.com.

BTC price rebounds as whales buy $11.2B worth since Mar. 11. Supply falls, ETF flows return, but caution lingers with a $75K pullback risk and a $138K cap in prediction markets. Exchange Balances Fall as Whales Accumulate Billions Bitcoin’s (BTC) exchange supply has dropped to its lowest level since 2018, signaling a strong trend toward self-custody and long-term holding. Source: Santiment/X On Mar. 27, analytics platform Santiment reported that only 7.53% of Bitcoin remains on exchanges, stating, “This is the lowest seen in over 8 years.” The drop suggests reduced sell-side pressure and higher conviction among holders. Bitcoin whale accumulation rebounds in March 2025. Source: X Meanwhile, whale wallets have absorbed over 129,000 BTC since Mar. 11, equivalent to $11.2 billion at the current price of $87,500, according to Glassnode. The firm said this is the fastest accumulation rate since Aug. 2024. ETF Inflows Return as BTC Price Reclaims Bullish Momentum Bitcoin’s rebound began after Mar. 14, as exchange-traded funds (ETFs) started seeing consistent inflows again. Between Feb. 10 and Mar. 13, ETF flows remained flat or negative, coinciding with BTC price’s 17% decline. The return of institutional demand triggered a double-digit rally. OKX analysts, in a Mar. 25 research note, said the recent decline may represent a short “mini bear market” rather than a cycle-ending collapse. The Short-Term Holder Market Value to Realized Value (MVRV) ratio—an on-chain metric—fell below its 365-day average on Feb. 25. While historically bearish, the trend may reverse as exchange supply continues to decline. BTC Price Structure Breaks Trigger Bullish Speculation Bitcoin has broken multiple key resistance levels this week, sparking renewed optimism. Merlijn The Trader said on X that Bitcoin “just smashed through a descending channel” after months of sideways movement. Source: Merlijn The Trader/X Another trader, @Buy_SomeBTC, noted that BTC price broke a…

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Filed under: News - @ March 28, 2025 10:26 am