Bitcoin is trading at a critical juncture following a volatile week marked by sharp moves and heightened uncertainty. After reaching its all-time high of $112,000, BTC has entered a consolidation phase, hovering around key support and resistance levels. The market now watches closely for signs of the next decisive move—either a breakout to new highs or a deeper correction.
Despite the price cooling off, on-chain data suggests underlying strength in the market. According to CryptoQuant, Bitcoin’s average Netflow has shifted into negative territory since March 10, 2025. This metric tracks the balance between BTC deposits to exchanges (typically for selling) and withdrawals (often associated with accumulation). A consistent net negative flow indicates more Bitcoin is being withdrawn than dep