Recent on-chain data shows a sharp rise in Bitcoin (BTC) movement to exchanges. <\/strong><\/p>\n \n Summary<\/span>\n <\/p>\n <\/p>\n On April 14, Binance recorded a major spike in Exchange Inflow Coin Days Destroyed (CDD), reaching about 2.59 million.<\/p>\n Analysts link this surge to long-term holders moving older coins. This behavior often appears when investors prepare to take profits after price recovery phases.<\/p>\n <\/p>\n The spike occurred as Bitcoin climbed back toward the $75,000 range. Data suggests that older holdings, which remained inactive for long periods, are now entering exchanges.<\/p>\n Analyst CryptoOnchain stated<\/a> \u201dthis surge suggests long-term holders are securing profits\u201d while referring to the timing of the inflow spike.<\/p>\n Another on-chain metric, Net Unrealized Profit\/Loss (NUPL), has also shown movement. The indicator recently climbed to around 0.29, its highest level since late January.<\/p>\n This level is commonly linked to the \u201cbelief\u201d phase in market cycles. It reflects growing unrealized profits among investors and a shift toward positive sentiment.<\/p>\n Analyst Arab Chain noted<\/a> \u201dthe market is showing renewed optimism and rising profits\u201d based on the recent NUPL trend. The increase follows a period of volatility earlier in the year.<\/p>\n The indicator suggests that the market has regained balance after recent declines. It also shows signs of new capital entering the market.<\/p>\n The Bitcoin Composite Index (BCI), which combines NUPL and MVRV data, remains above the key level of 1.0. Analysts use this level to assess whether the market has reached a bottom.<\/p>\n Historical data shows that strong accumulation phases often occur when the index drops below this threshold. Current readings suggest that such conditions have not yet been reached.<\/p>\n Analyst Zizcrypto stated<\/a> \u201dthe index remains above bottom levels, indicating normalization rather than full reset\u201d when describing the current position.<\/p>\n This reading points to a market that is stabilizing rather than entering a deep accumulation phase.<\/p>\n Bitcoin recently failed to hold above $78,400 and has moved closer to $75,000. The price drop followed renewed geopolitical tension linked to developments in the Middle East.<\/p>\n The asset had earlier gained momentum after reports of progress in diplomatic talks<\/a>. It moved from below $70,500 to above $76,000 before reaching a local high.<\/p>\n Market uncertainty returned after conflicting updates regarding the Strait of Hormuz. This led to a price correction<\/a> of more than $3,000 from the peak.<\/p>\n The broader crypto market also declined, with total market value dropping by around $100 billion.<\/p>\n <\/p>\n\n
NUPL indicator signals rising market confidence<\/strong><\/h2>\n
Composite Index shows no clear bottom formation<\/strong><\/h2>\n
![\"Source:](\"https:\/\/media.crypto.news\/2026\/04\/image-88-1024x576.webp\")
Price movement and market conditions<\/strong><\/h2>\n