Bitcoin Price Prediction: BTC Long-term Holding Confidence Strengthens, Spot Demand is Strong

Bitcoin (BTC) prices performed flat over the past weekend, which has become a relatively persistent theme in the Crypto Assets market so far in 2025. Price movement of Bitcoin continues to fluctuate around $108,000, reflecting investors' indecision. However, it is worth mentioning that Bitcoin experienced a pump on the evening of the 6th and has currently successfully surpassed the $109,000 mark.

As the BTC price movement remains unclear, the market's focus has shifted to "when will Bitcoin return to its historical high?" Interestingly, the latest on-chain data shows that investors are becoming increasingly confident in the long-term value of the flagship Crypto Assets.

Bitcoin Exchange Inflow/Outflow Ratio Drops Below 1: On-Chain Analyst Perspective

On July 5, on platform X, on-chain analyst Darkfost pointed out that over the past few months, Bitcoin has continuously flowed out of centralized exchanges. This analyst believes that this trend reflects an increased confidence among investors in long-term holding of Bitcoin.

The on-chain observation indicator is based on the "Bitcoin Exchange 30-Day Moving Average Inflow/Outflow Ratio," which measures the amount of BTC flowing into and out of centralized exchanges over a 30-day period. A high ratio (>1) indicates that more BTC is flowing into exchanges than out, suggesting an increase in Bitcoin selling pressure.

On the contrary, a low ratio (<1) indicates that more Bitcoin is flowing out of exchanges rather than flowing in. When the inflow/outflow ratio of exchanges is low, it suggests that investors are adopting a long-term holding strategy for Bitcoin, accumulating Bitcoin (hoarding coins).

Darkfost revealed that the monthly outflow/inflow ratio of Bitcoin has recently dropped to around 0.9, marking the lowest level since the bear market in 2023. The indicator falling below the threshold of 1 means that Bitcoin exchange outflows are dominant, reflecting that the demand for Bitcoin in the spot market is strong and persistent.

The on-chain analyst stated:

"As of now, the demand for Bitcoin remains strong, outflows continue to dominate, and more and more long-term holders of Bitcoin are entering the market."

Darkfost ultimately believes that, given the increasing adoption rate by major enterprises and governments (especially in the United States), the market's confidence in the long-term value of Bitcoin is understandable. He added, "Bitcoin is gradually evolving into a store of value (SoV) asset that is increasingly used for enhancing corporate treasury reserve strategies."

Current Bitcoin Price Overview

As of the time of writing, Gate.io market shows that BTC is currently priced at 109,405.8 USD, with a 24-hour rise of 1.15%. The market continues to pay attention to Bitcoin price prediction and when it will break resistance.