The Bitcoin price has struggled to break free from selling pressure. Over the last seven days, BTC dipped about 3%. In the last 24 hours, gains have been only 0.3%, and even the hourly chart shows no real movement.
This range-bound action reflects a tug-of-war between buyers and sellers. On-chain data, however, shows one hopeful sign that could decide the next move.
Exchange Flows Show 10 Days of Pressure
One way to track pressure is through exchange net flows. Positive net flows mean more coins are entering exchanges, often a sign of selling. Negative net flows, or outflows, mean coins are leaving exchanges, which usually signals buying.
Bitcoin inflows have been steady for 10 straight sessions. On August 24, they peaked at 6,775 BTC, one of the largest daily figures in months. Even after that, inflows stayed high — on August 26, the value was still over 4,239 BTC.
For the first time in 10 days, the picture changed slightly today. Net flows have turned marginally red, at –192 BTC. This shows that sellers may finally be losing grip, even if only by a small margin.
At press time, it looks like buyers are trying to take control, but the result is not confirmed. If inflows rise again, the streak could extend to an 11th day, and the selling narrative would remain intact.
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Short-Term Holder NUPL Offers a Glimmer of Hope
A hopeful signal comes from short-term holders — investors who have owned Bitcoin for less than 155 days. Their activity is tracked using a metric
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Author: Ananda Banerjee
