Bitcoin Bulls Eye Key Resistance Level as $2.4B in BTC Leaves Exchanges

Bitcoin Seeks Breakout as $2.4 Billion in BTC Leaves Exchanges

Bitcoin is showing signs of bullish momentum, but it needs to break a critical level to confirm its path toward a potential bull market resumption. Over 27,740 BTC, worth $2.4 billion, were withdrawn from exchanges on March 25, 2025 — marking the highest daily outflow since July 31, 2024. This surge in outflows is paired with a growing interest in spot Bitcoin exchange-traded funds (ETFs), which signals that institutional demand is once again on the rise.

Bitcoin Exchange Outflows Hit a 7-Month High

Bitcoin’s exchange outflows are at their highest point in nearly seven months, with whale activity driving a significant portion of the withdrawals. Large holders, or whales, who possess at least 1,000 BTC, pulled more than 11,574 BTC, amounting to roughly $1 billion, on March 25. This pattern of reduced supply on exchanges often precedes price rallies, as it decreases sell pressure and suggests accumulation, a sign of bullish sentiment.

In another notable development, Arkham Intelligence, a blockchain analytics firm, observed that a Bitcoin billionaire whale added 2,400 BTC worth over $200 million on March 24. This whale had previously sold Bitcoin when prices fluctuated between $100,000 and $86,000 earlier in the year. The recent addition of 2,400 BTC suggests that large investors see recent price dips as an opportunity to accumulate more Bitcoin ahead of a potential price increase.

Spot Bitcoin ETFs Show Positive Inflows

Another indication of renewed institutional interest is the continuation of inflows into spot Bitcoin ETFs. These ETFs have seen inflows for eight consecutive days starting March 14, totaling $896.6 million. Market data provider Santiment noted, "ETFs have taken a positive turn since March 14th, and so has Bitcoin and altcoins." This extended inflow streak indicates that large investors are once again placing their bets on Bitcoin’s future price performance.

In addition to the Bitcoin ETF inflows, digital asset investment products have recorded weekly net inflows for the first time in five weeks, further reinforcing the sentiment that institutional investors are re-entering the market.

Bitcoin Price Faces Key Resistance at the 20-Weekly EMA

Bitcoin’s price is hovering around $88,265 at the time of writing, reflecting a 1.2% gain over the past 24 hours. However, the BTC price faces significant overhead resistance at the 20-week exponential moving average (EMA), currently sitting at $88,682. Historically, Bitcoin has often experienced substantial rallies after breaking above this trendline. A breach of the 20-week EMA could signal the beginning of a new bullish phase, potentially pushing Bitcoin toward new all-time highs.

As observed in October 2023, when Bitcoin price crossed above the 20-week EMA, it surged by approximately 170%, rising from $27,000 on October 16 to over $73,000 by March 14, 2024. Similarly, Bitcoin's breakout above this level in September 2024 led to a 77% rally, pushing the price from $60,000 to $108,000 by December 2024.

Popular analyst Decode stressed the significance of this trendline, calling it the "most important level right now for Bitcoin." Meanwhile, Keith Alan, co-founder of trading resource Material Indicators, noted that Bitcoin must reclaim the 2025 yearly open near $93,300 to confirm the path toward all-time highs.

Conclusion: Eyes on the Price Action

Bitcoin’s recent exchange outflows and whale activity suggest that market participants are positioning themselves for a potential bull run. However, to confirm the shift toward a bull market, Bitcoin must first break the resistance at the 20-week EMA and reclaim key price levels. As institutional demand through spot Bitcoin ETFs grows and large investors accumulate, the path forward for Bitcoin could see significant upside if it can break above these technical barriers.

For more updates on Bitcoin price movements, check out Bitcoin News and the Santiment Bitcoin data.