[Analyst: Bitcoin Buying Activity Begins to Return After Major Sell-Off in February] Reported by Golden Finance, on March 17, CryptoQuant analyst Darkfost published an article stating that despite the ongoing escalation of the situation in Iran, Bitcoin has shown a certain degree of resilience, especially compared to the stock and commodity markets (which are gradually exhibiting signs of topping out). Considering the upcoming FOMC meeting is highly unlikely to result in a rate cut, this point is particularly noteworthy. Current market expectations indicate about a 99% probability of no rate adjustment. The focus of the market will shift to forward guidance, especially whether the Federal Reserve will reintroduce the possibility of future rate hikes. In such an environment that is generally unfavorable for risk assets, some signals from Bitcoin are beginning to show improvement. From the charts, trading volume is gradually tilting toward buyers, particularly evident on Binance and Coinbase. This change is still relatively moderate at the moment, but compared to the market conditions in February, it is a clear improvement. —> On February 16, the 30-day moving average volume delta was deeply negative: Binance: -$145 million Coinbase: -$88 million At that time, both retail and institutional investors were predominantly on the selling side. —> Currently, these averages have rebounded into positive territory: Approximately +$21 million (Binance) Approximately +$14 million (Coinbase) This marks a positive shift in the market after prolonged selling pressure. However, this trend still requires further confirmation. The overall liquidity in the crypto market remains relatively thin. But if this change continues, it could gradually support price movements and potentially drive Bitcoin to break out of its current consolidation range.