Over 27,740 Bitcoin (BTC) worth $2.4 billion were withdrawn from exchanges on March 25, the highest daily outflow since July 31, 2024. Meanwhile, US spot Bitcoin exchange-traded funds (ETFs) continue their inflow streak, suggesting that institutional demand is making a comeback.

Is the Bitcoin bull run about to resume?

Bitcoin exchange outflows hit 7-month high

Bitcoin is making another attempt at a technical breakout above $90,000 as supply on exchanges continues to decrease.

Bitcoin: Net flow to exchanges. Source: Glassnode

A closer look at the data reveals that a considerable chunk of these withdrawals was made by whales, or entities holding at least 1,000 BTC, who withdrew more than 11,574 BTC worth about $1 billion from exchanges on March 25.

Bitcoin whale withdrawal from exchanges. Source: Glassnode

High Bitcoin outflows from exchanges and whale withdrawals, in particular, reduce sell pressure, often signaling accumulation and bullish sentiment, which can drive prices up.

Related: Bitcoin, Ethereum to end Q1 in the red, ‘vertical swing up’ unlikely

Additionally, blockchain analytics firm Arkham Intelligence noted that a “billionaire Bitcoin whale” added 2,400 BTC worth over $200 million on March 24. Despite some selling in February, the whale now holds over 15,000 BTC.

The whale started acquiring Bitcoin five days ago after selling when Bitcoin’s price was between $100,000 and $86,000 in February. This may suggest that such large investors saw the recent lows as a buying opportunity in anticipation of higher prices.

Spot Bitcoin ETF flows take a “positive turn”

Another sign of major investors buying BTC again is the continuation of capital flows into spot Bitcoin exchange-traded funds (ETFs) since March 14. Spot Bitcoin ETFs have seen inflows for eight straight days, totaling  $896.6 million.

“ETF’s have taken a positive turn since March 14th, and so has $BTC and altcoins,” said market data provider Santiment. 

“This is the first streak of this length in 2025.”

ETF’s have taken a positive turn since March 14th, and so has $BTC and altcoins. There have now been seven straight days with more money moving in to Bitcoin ETF’s (positive inflow) than moving out (negative inflow). This is the first streak of this length in 2025. pic.twitter.com/9V1LNQ95uX

— Santiment (@santimentfeed) March 26, 2025

As Cointelegraph reported, digital asset investment products have also recorded weekly net inflows for the first time in five weeks.

BTC price eyes key trend line to resume bull market

Data from Cointelegraph Markets Pro and TradingView showed the BTC/USD trading at $88,265, up 1.2% over the last 24 hours. BTC price faces overhead resistance from the 20-weekly exponential moving average (EMA), currently at $88,682.

Bitcoin price must flip this level into support to continue the bull run. The chart below shows that breaching the 20-weekly EMA has often preceded big rallies in Bitcoin price. 

BTC/USD weekly chart. Source: Cointelegraph/TradingView

Note that when BTC price crossed above this moving average in October 2023, it rallied about 170% from $27,000 on Oct. 16, 2023, to set a new all-time high above $73,000 on March 14, 2024.

Similar price action occurred when the price rose above the 20-weekly EMA in September 2024, preceding a 77% rally from $60,000 to $108,000 in December 2024.

Analyst Decode stressed the importance of this trendline, saying that the moving average is the “most important level right now for Bitcoin.”

Meanwhile, co-founder of trading resource Material Indicators, Keith Alan, said that Bitcoin has to reclaim the 2025 yearly open at around $93,300 to confirm a path toward all-time highs.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Solana (SOL) price looks ready to rise in April based on a classic bullish reversal indicator and signs of renewed appetite for memecoins.

Technicals show 65% SOL price rally in play

As of March 26, SOL’s price had entered the breakout stage of what appears to be a falling wedge pattern.

A falling wedge forms when the price consolidates inside a range defined by two converging, descending trendlines. Meanwhile, the pattern resolves when the price breaks above the upper trendline.

SOL/USD daily price chart. Source: TradingView

Solana broke above the upper trendline of its falling wedge pattern on March 19 and has since maintained bullish momentum. The breakout has held strong, with SOL continuing to climb in the days that followed.

With the pattern confirmed, the SOL/USD pair is now eyeing $235, a target obtained by adding the wedge’s maximum height to the breakout level by April.

Source: @THEFLASHTRADING

The breakout is supported by improving momentum indicators. Solana’s relative strength index (RSI) has moved above the neutral 50 level, suggesting strengthening buying pressure.

A move above the 50-day exponential moving average (50-day EMA; the red wave) at $154 could further validate the breakout. However, if SOL retreats from the EMA resistance, then the bullish reversal would be at risk of invalidation.

Solana memecoin sector is in recovery

Beyond the charts, Solana’s onchain activity is seeing a fresh wave of memecoin enthusiasm. Over 8 million tokens have been launched on Solana, and recent daily deployments have rebounded sharply.

Notably, Solana-based memecoin launchpad Pump.fun witnessed the launch of over 34,000 projects on March 24, compared to around 20,190 launches at the month’s beginning, the lowest daily count since November 2024.

Total projects deployed via Pump.Fun. Source: Dune Analytics

The spike in memecoin launches mirrors the recovery witnessed in December 2024, right after a month-long cooling period.

SOL/USD daily price chart. Source: TradingView

The surge in memecoin deployments points to renewed demand and increased network activity — a trend that has historically preceded SOL price rallies. Solana price rose by over 68% when Pump.fun activity saw a similar recovery last time.

Related: BlackRock’s BUIDL expands to Solana as tokenized money market fund nears $2B

This momentum is also reflected in the strong performance of top Solana-based memecoins, many of which have posted impressive returns in recent days. That includes Official Trump (TRUMP) and Bonk (BONK).

Top Solana memecoins and their performances as of March 26. Source: CoinGecko

Solana’s memecoin frenzy popped over the weekend when President Donald Trump made a social media post explicitly mentioning the TRUMP memecoin. His endorsement sparked fresh buzz across the sector.

Adding to the bullish tailwinds, Pump.fun’s newly launched decentralized exchange (DEX) has crossed $1 billion in cumulative trading volume since its debut on March 19. The launch has driven even more activity to the Solana network, helping push SOL’s price up over 15% in the process.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Google Play implemented access restrictions to 17 unregistered overseas crypto exchanges catering to local users in South Korea at the request of the country’s regulators. 

On March 21, the Financial Intelligence Unit (FIU) of the South Korean Financial Services Commission (FSC) said it was considering sanctions against operators that did not report to the relevant authorities.

Authorities require virtual asset service providers (VASPs) to report to regulators under the country’s Specified Financial Information Act. 

At the time, the FIU said it was coordinating with the Korea Communications Standards Commission (KCSC), the regulator in charge of the internet, on how they could block access to the exchanges. 

By March 26, the FSC published a list of 22 unregistered platforms, highlighting 17 that had been blocked from the Google Play store. The move restricts new downloads and updates for affected apps, effectively limiting user access.

A list of 22 overseas operators, highlighting the 17 blocked exchanges. Source: FSC

Google Play restricts access to 17 unregistered exchanges

The FSC said the 17 exchanges highlighted on the list were now restricted in the Google Play Store. This means their applications will not be available for new users to download and install. In addition, existing users will be unable to access updates from the apps. 

Exchanges in the access restriction list include: KuCoin, MEXC, Phemex, XT.com, Biture, CoinW, CoinEX, ZoomEX, Poloniex, BTCC, DigiFinex, Pionex, Blofin, Apex Pro, CoinCatch, WEEX and BitMart.

The FSC expects the move to help prevent money laundering acts using crypto assets and potential future damages to local users. The FIU said it is also coordinating with Apple Korea and the KCSC to block internet and App Store access to the exchange platforms.  

KuCoin previously told Cointelegraph that it was monitoring regulatory developments in all jurisdictions, including South Korea. The exchange said compliance was essential for crypto’s sustainable growth. However, the exchange did not provide detailed information on its plans for South Korea. 

Related: Wemix denies cover-up amid delayed $6.2M bridge hack announcement

South Korean exchanges face controversies

South Korean regulators’ actions against unregistered exchanges follow the country’s increased scrutiny of crypto trading platforms. 

On March 20, Seoul’s Southern District Prosecutors’ Office raided Bithumb offices in the country, as prosecutors suspected financial misconduct involving the exchange’s former CEO. Prosecutors suspected Bithumb board member Kim Dae-sik of using company funds to purchase a personal apartment. 

In addition, a Wu Blockchain report of intermediaries being paid to list token projects on Bithumb and Upbit surfaced. In response to the report, Upbit demanded the release of the identities of crypto projects that claimed to have paid intermediaries to be listed. 

Magazine: Ridiculous ‘Chinese Mint’ crypto scam, Japan dives into stablecoins: Asia Express