Bitcoin Buyer Activity Returns After Heavy February Selling: CryptoQuant

Highlights:

• CryptoQuant analyst reports that buyer activity is returning to Bitcoin after February’s heavy selling pressure.
• The report shows Binance and Coinbase volumes have shifted back toward buyers.
• Meanwhile, Bitcoin climbed above $75,000 as ETF inflows and short liquidations supported momentum.

Bitcoin is starting to show early signs of fresh buyer interest after facing heavy selling pressure in February, according to CryptoQuant analyst Darkfost. In a recent market update, he said trading volumes on Binance and Coinbase are slowly moving back toward buyers, which may point to improving market sentiment.

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This shift is happening even as the wider market remains under pressure. Rising tensions in Iran and firm expectations that the US Federal Reserve will keep interest rates unchanged continue to weigh on risk assets. Even so, Bitcoin has remained relatively strong, especially when compared with equities and commodities, which are beginning to show weaker market setups.

Buyer Activity Returns to Bitcoin After Heavy February Selling

“This represents an encouraging shift after a period dominated by selling pressure. That said, this trend still needs confirmation.” – By @Darkfost_Coc pic.twitter.com/QURymEkyhH

— CryptoQuant.com (@cryptoquant_com) March 17, 2026

Exchange Data Shows Buyers Are Returning

Darkfost said exchange volume data clearly shows this recovery. On 16 February, the 30-day moving average volume delta dropped deep into negative territory, hitting about -$145 million on Binance and -$88 million on Coinbase. Those figures showed that both retail and institutional traders actively sold during that period.

Now, the trend is changing. The latest data shows these averages moved back into positive territory, reaching around +$21 million on Binance and +$14 million on Coinbase. This shift shows that buyers are slowly returning after weeks of continued weakness.

Still, Darkfost made it clear that this signal does not confirm a lasting trend reversal yet. He said the improvement is encouraging, but the market still needs stronger confirmation. Liquidity across the crypto market also remains relatively thin, and that can keep price action unstable even when short-term buying increases.

Bitcoin Breaks $75,000 as Liquidations and ETF Inflows Rise

This improving sentiment also appeared in Bitcoin’s price. During Asian trading hours on 17 March, Bitcoin moved above $75,000 for the first time since early February, adding further support to the view that buyers are returning. The breakout also triggered heavy liquidations across leveraged positions. At the time of writing, BTC was trading at $73,941, up 1% in the past 24 hours.

Data from CoinGlass showed that total crypto liquidations reached nearly $488 million over the past 24 hours. Short positions made up the largest share, with more than $323 million wiped out as prices moved higher. Bitcoin alone accounted for about $120 million of those short liquidations.

Another key factor behind the rebound is the steady return of capital into spot Bitcoin exchange-traded funds (ETFs). Recent data from SoSoValue showed that the US-listed Bitcoin ETFs attracted more than $200 million in net inflows over the past day. That extended their positive streak to six straight sessions, with total inflows during that period nearing $1 billion. Taken together, these developments strengthen the view that buyers are slowly regaining control of the market.

Even so, broader uncertainty has not disappeared. Traders are still watching the macro backdrop closely, especially expectations around US monetary policy and rising geopolitical tensions, both of which could continue to shape sentiment and keep volatility elevated.

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