Rising flows between centralized exchanges support bullish scenario for Bitcoin market

After declining from $125,000 to $85,000 in the first half of 2025, Bitcoin's price is gradually recovering. Experts stated that from July to September, the price formed a series of higher lows, reflecting strengthening bullish momentum. The asset is currently trading near $112,500, in a post-breakout retest, which is technically consistent with a stable uptrend.

Since early October, there has been an increase in inter-exchange flows, which often signals arbitrage activity, institutional reallocation, or hedging of positions. Since these are transfers between trading platforms rather than inflows to trading platforms, these movements are interpreted as neutral or moderately positive, indicating holding positions rather than dumping them.

After the October 11 crash, Bitcoin's price quickly recovered and stabilized around $110,000. Flow volumes at the time of the crash were significantly lower than current levels, suggesting that activity reflects an organic recovery rather than panicked capital flows.

Technically, the market structure remains bullish: successive higher lows are forming, and there are no signs of losing momentum. The likelihood of a retest of the October local bottom is assessed as low. Support around $110,000 appears stable, and the nearest resistance is located in the $115,000–$120,000 range.

If the current trend continues, a break above $120,000 could spark a new upside momentum and confirm the market's transition to the next phase of the bullish cycle. Continued activity between exchanges signals a redistribution of liquidity among major players, strengthening the market base for possible further growth. Analysis of the Taker Buy/Sell Ratio on Binance indicates that stabilization is necessary for the market to continue its trend sustainably.

Source: cryptonews.net