Bitcoin is trying to regain the $92,000 level as bullish momentum gradually returns after weeks of uncertainty. The market has spent almost two months in a corrective phase, losing about 36% of its highs, but signs of stabilization are starting to emerge. A new CryptoQuant report from analyst Darkfost highlights a striking departure from typical mid-cycle correction behavior – one that could explain why sentiment is starting to change.
According to the report, cryptocurrency inflows on Binance remain unusually low even as Bitcoin has experienced one of the deepest pullbacks of the cycle. Historically, during significant corrections, investors tend to send large amounts of BTC and other assets to exchanges, signaling a growing willingness to sell and escalating market fear. This pattern emerged repeatedly during previous recessions, often during periods of capitulation.
But this time, the data suggests something different: Investors aren’t rushing to offload their holdings. Instead, they appear to be more comfortable navigating the volatility, showing patience rather than panic. Such low inflows are in stark contrast to previous mid-cycle resets and indicate a more resilient market structure beneath the surface – one in which investors may be preparing for the next phase rather than abandoning ship.
A shift in inflows reveals unusual investor behavior
Darkfost notes that today facts exhibits a markedly different behavior than what Bitcoin typically exhibits during major corrections. Rather than focusing solely on BTC, the analysis aggregates the total inflows of all cryptocurrencies sent to Binance, providing a broader view of market intent. The logic behind this measure is simple: rising inflows indicate growing selling pressure, while shrinking inflows indicate that investors would rather hold than exit their positions.
During previous recessions, inflows increased dramatically. In April 2024, right after Bitcoin hit a new all-time high at $73,800, total inflows exceeded 200 million coins, reflecting intense selling pressure. A similar spike occurred in December 2024, when BTC broke above $100,000, indicating that investors were preparing to lock in gains.
The current environment is nothing like those periods. Even though a much deeper correction has taken place, the inflow is five times lower – and remarkably stable. Investors don’t send coins to exchanges, which means they are reluctant to sell. Instead, they endure the decline and show patience rather than panic.
This unusual calm indicates a more confident market structure. If selling pressure continues to subside, this investor restraint could become one of the most constructive signals supporting a future bullish recovery once the correction runs its course.
Bitcoin price action shows early signs of stabilization
Bitcoin’s latest three-day chart shows the market trying to stabilize after a sharp two-month correction that pushed the price from above $120,000 to a recent low of nearly $84,000. The current recovery towards $91,960 reflects improving near-term sentiment, but the broader structure is still leaning bearish until the key levels break.
One of the most important developments is BTC’s interaction with the 200-day moving average (red line). The price fell below it during the flushout but has now recovered somewhat, a signal that sellers may be losing momentum. Historically, regaining the high-term 200MA marks the first stage of recovery after major corrections. However, confirmation requires follow-up and stronger volume – something that remains limited for the time being.
The 50MA and 100MA are well above the price, reflecting the depth of the recent decline and acting as overhead resistance. The clustering of these moving averages between $100,000 and $110,000 represents a heavy supply area. Bulls would need several consecutive strong candles to break back into that region.
Volume has dropped significantly during the recovery, suggesting buyers are still cautious. Until BTC reclaims the $96,000 to $98,000 area – where structural resistance and realized price ranges align – this move remains a relief rather than a confirmed bullish reversal.
Featured image of ChatGPT, chart from TradingView.com
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