Bitcoin ATH Imminent? 3 Key Metrics Scream Bull Run in 2025

Bitcoin's flirting with history again—and this time, the charts aren't bluffing.

The smoking guns: On-chain data shows whales accumulating at levels last seen before the 2021 supercycle. Exchange reserves are bleeding dry. And that 'death cross' from Q1? Already inverted to a golden cross.

Why Wall Street missed it: Too busy shorting memecoins (again) to notice BTC's institutional inflows hit $1.2B last month—the stealth accumulation phase is over.

The kicker: With the Fed's rate cut priced in and hash rate hitting all-time highs, this rally's got more legs than a Bitcoin maximalist's Twitter thread.

How Bitcoin’s different liquidity zones could spark the next price jump

Source: Adler crypto Insights

An increase in market buying power, combined with signs of seller exhaustion, could be setting the stage for Bitcoin’s next rally. 

According to crypto analyst Axel Adler Jr., the Difference Liquidity metric, which tracks changes in available buying power based on Bitcoin and stablecoin inflows to exchanges, has turned negative on its 30-day Moving Average. 

This places it in the chart’s “demand generation” zone, highlighted in blue, which historically signals strong and sustained bitcoin accumulation.

The last time this level of demand shift occurred was during the market recovery following the Terra/LUNA collapse in May 2022.

 If stablecoin inflows to exchanges now match or exceed those seen after the LUNA crash or the FTX implosion in November 2022, Bitcoin could be poised for a sharp upward move.

Source: Adler Crypto Insights

The bitcoin exchange Flow Multiple compares the past 30 days of BTC inflows to their 365-day moving average. 

Over the last two weeks, this metric has dropped from 1.0x to 0.6x—a 40% decline, indicating a significant reduction in the number of coins being sent to exchanges.

The last time such a sustained drop occurred was in April 2023. 

Historically, low exchange FLOW multiples like this have often preceded strong price rallies, suggesting a potentially bullish outlook for Bitcoin.