TechFlow News, March 25: According to The Block, cryptocurrency research firm K33 stated that Bitcoin’s recent prolonged sideways consolidation may signal a structural shift in the market. As selling pressure eases, the market could be gradually approaching a short-to-medium-term bottom. Vetle Lunde, K33’s Head of Research, noted that Bitcoin has traded primarily within a $60,000–$75,000 range over the past few weeks—a range coinciding with stabilizing ETF inflows and long-term holder behavior, which is typically viewed as a hallmark of “market bottoming.” The current lower bound near $70,000 is particularly attractive to medium- and long-term investors.
Regarding long-term holders, the supply held for more than six months—having sharply declined by the end of 2025—has rebounded, indicating that investors are increasingly inclined to hold rather than sell at current price levels, thereby helping stabilize prices. However, macroeconomic conditions remain uncertain. Escalating Middle Eastern geopolitical tensions, oil price volatility, and the Federal Reserve’s hawkish stance could dampen risk appetite and constrain new capital inflows. Although upside potential remains constrained by macro factors in the near term, K33 believes the combination of diminishing selling pressure, stabilized ETF flows, and price-range consolidation suggests the market may be transitioning from a distribution phase into a bottoming phase.
