{"id":77183,"date":"2026-03-21T20:47:05","date_gmt":"2026-03-21T20:47:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=77183"},"modified":"2026-03-21T20:47:05","modified_gmt":"2026-03-21T20:47:05","slug":"why-bitcoin-price-rallied-from-65000-to-74000-analyst-gives-real-reason","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=77183","title":{"rendered":"Why Bitcoin Price Rallied From $65,000 To $74,000 \u2014 Analyst Gives \u2018Real Reason\u2019"},"content":{"rendered":"
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The price of Bitcoin has continued to approach the $75,000 mark in recent weeks, with the premier cryptocurrency showing some form of resurgence<\/a> in the past few days. An analyst has laid out the \u201creal reason\u201d behind BTC\u2019s latest attempt to break the $74,000 mark.\u00a0<\/p>\n

$55M Of BTC Flow Out Of Binance Daily<\/b><\/h2>\n

In a new Quicktake post on the CryptoQuant platform, crypto pundit Burak Kesmeci put forward<\/a> the \u201creal reason\u201d why the Bitcoin price jumped from around $65,000 to its latest high above $74,000. The market analyst revealed that the movement of significant Bitcoin amounts out of Binance, the world\u2019s largest cryptocurrency exchange by trading volume, has played a major role in the recent bullish momentum.<\/p>\n

Highlighting CryptoQuant\u2019s data, Kesmeci shared that the 30-day simple moving average (SMA30) of the Bitcoin Exchange Outflow metric (for Binance) has been on a steady decline in the past few weeks. This indicator\u2019s contraction suggests the outflow of significant Bitcoin amounts from the world\u2019s largest exchange in recent weeks.<\/p>\n

Kesmeci clarified in his post:<\/p>\n

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Looking at daily netflow data alone can be misleading. That\u2019s why I follow the SMA30 \u2014 it gives a far more reliable read.<\/p>\n<\/blockquote>\n

Data from CryptoQuant and the falling Bitcoin Netflow SMA30 indicate that, on average, $55 million in BTC (at an average price of $70,000) has been leaving Binance over the past few weeks. According to Kesmeci, a daily exchange outflow of this magnitude is \u201cclear evidence of growing demand.\u201d<\/p>\n

\"Bitcoin\"<\/p>\n

Typically, significant movement of coins from centralized exchanges is often a signal of increasing confidence in the cryptocurrency\u2019s long-term promise, as investors tend to move their assets to non-custodial wallets for long-term storage. Moreover, this trend could also suggest fresh accumulation<\/a> and buying from investors.<\/p>\n

As Kesmeci pointed out, the BTC price surge of more than 13% from $65,000 to $74,000 coincided with the period when the Binance BTC Netflow SMA30 fell and remained below zero. This somewhat optimistic price performance has come despite the uncertain global market conditions stemming from the ongoing military conflict in the Middle East.<\/p>\n

Kesmeci added:<\/p>\n

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As of March 20, U.S. equity markets are bleeding \u2014 yet Bitcoin is holding strong. The demand sitting behind Binance\u2019s netflow data explains why.<\/p>\n<\/blockquote>\n

Bitcoin Price Overview\u00a0<\/b><\/h2>\n

As of this writing, Bitcoin is valued at around $70,620, reflecting a 0.4% price jump in the past 24 hours.<\/p>\n

\"Bitcoin\"<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The price of Bitcoin has continued to approach the $75,000 mark in recent weeks, with the premier cryptocurrency showing some form of resurgence in the past few days. An analyst has laid out the \u201creal reason\u201d behind BTC\u2019s latest attempt to break the $74,000 mark.\u00a0 $55M Of BTC Flow Out Of Binance Daily In a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-77183","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77183"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77183\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}