Analyst: BTC Selling Pressure has Dried Up, Consolidation Range Expected in April-May

BlockBeats News, April 1st, CryptoQuant researcher Alex posted on social media that the average daily selling pressure on major exchanges has dropped from 81,000 BTC to 29,000 BTC. The market has entered an asymmetric demand phase. After breaking through the $100,000 mark, it has successfully absorbed multiple rounds of profit-taking sell-offs. Currently, selling pressure is dwindling, and buyers are showing composure at the current price level, setting the stage for a structural supply shortage. April and May may form a consolidation range, becoming the "calm before the storm" before the next breakout.