Bitcoin Daily Inflows Surge to Two-Year High, BTC Price Surge to $83,000 Likely

Bitcoin (BTC), the world’s largest cryptocurrency, maintains its market strength, firmly holding above the $72,000 mark. Investor sentiment remains robust as the Bitcoin price continues its ascent to new highs.

Bitcoin Daily Inflows Highest Since 2021

According to Bitcoin analyst Willy Woo, daily capital inflows stored by the Bitcoin network have reached $2 billion per day, a level comparable to the last significant bull market. Woo predicts that this time, the inflows are likely to increase even further. He attributes the notable increase in inflows to the opening up of spot ETFs, which has significantly boosted the influx of capital into the Bitcoin network.

Daily inflows of capital being stored by the #Bitcoin network just hit $2b per day, that's the level we hit in the last full blown bull regime. This time it should climb much higher.

Spot ETFs are opening up the inflow pipes markedly. pic.twitter.com/tKmzbd3SEJ

— Willy Woo (@woonomic) March 12, 2024

On-chain data also shows that small Bitcoin wallets have been accumulating while whales have been selling their supplies. According to on-chain data provider Santiment, in the last two weeks as Bitcoin has consistently reached new all-time highs, the number of small wallets holding less than 0.1 BTC has continued to rise, increasing by 277,000. Conversely, wallets holding 1,000 BTC or more have decreased, with 105 fewer wallets recorded during the same period.

BTC Price Rally to $83,000 Likely

Renowned crypto analyst Ali Martinez sheds light on a significant development in the cryptocurrency market, as approximately $83 billion flows into various digital assets. Notably, a substantial portion of this influx, totaling $75 billion, is directed toward the two leading cryptocurrencies, Bitcoin and Ethereum.

Martinez’s analysis, based on the Bitcoin MVRV Pricing Bands, suggests a pivotal price target for Bitcoin at $83,035. This observation underscores the growing momentum and investor interest in Bitcoin, with the cryptocurrency poised to reach significant milestones in its valuation.

According to the #Bitcoin MVRV Pricing Bands, the next key price target for $BTC is $83.035! pic.twitter.com/Qc8QA62LmZ

— Ali (@ali_charts) March 12, 2024

The influx of funds into Bitcoin and Ethereum reflects a broader trend of institutional and retail investors seeking exposure to the cryptocurrency market.

On the other hand, U.S. equities also showed strength despite the inflation numbers for February coming to be hotter than expected. Director of Global Macro at Fidelity, Jurrien Timmer, highlights a significant trend in the financial landscape, emphasizing the resurgence of liquidity regardless of the Federal Reserve’s stance.

Timmer notes that overall liquidity, as indicated by the Federal Reserve’s balance sheet minus reverse repos (RRP) and the Treasury’s cash balance at the Fed (TGA), has been steadily increasing since mid-2023. This uptrend in liquidity has coincided with a rise in stock prices. Moreover, with liquidity staying strong, any major correction in the Bitcoin price or crypto looks like a distant possibility.

Fed pivot or not, liquidity is on the rise again. Overall liquidity, as defined by the Fed’s balance sheet, less reverse repos (RRP) less the Treasury’s cash balance at the Fed (TGA), has been rising since mid-2023, taking stocks with it. 🧵 pic.twitter.com/h50R2N8WgX

— Jurrien Timmer (@TimmerFidelity) March 12, 2024

✓ Share:

• Recommended
• Price Analysis

• Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH
• Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure
• Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline
• World Liberty Financial Discloses Reason for Blacklisting 272 Wallets
• September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

• HBAR Price Forecast: Analyst Targets 123% Rally as ETF Approval Odds Hit 90%
• Solana Price Prediction: Will Solana Hit $320 as SOL Strategies Gains Nasdaq Approval?
• XRP Price Forecast: Analyst Eyes $127 as BlackRock Joins Ripple Swell 2025
• Chainlink Price Eyes $55 as Reserve Holdings Jump With 43,937 LINK Addition
• Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.