Bitcoin News
By Maheen Hernandez
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Whales Driving 45% of Exchange Inflows. Data from CryptoQuant shows that 45% of the BTC sent to exchanges in mid-November came from large…
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Stablecoin Reserves Suggest Market Rotation. CryptoQuant also highlighted a notable spike in Binance’s stablecoin reserves, which recently hit…
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Leverage and Market Risk. Earlier this week, analyst James Check warned that remaining leveraged positions in the market…
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Altcoins Also Affected by Exchange Inflows. The CryptoQuant report noted that similar exchange inflow trends have been observed in Ether (ETH)…
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What Traders Should Watch. Market participants should closely monitor:
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Bitcoin is under pressure again as large holders, often referred to as “whales,” increase the flow of BTC to exchanges.
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On November 21, Bitcoin exchange inflows peaked at 9,000 BTC, coinciding with a dip in price to $80,600 on Coinbase — the lowest level in seven months.
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Data from CryptoQuant shows that 45% of the BTC sent to exchanges in mid-November came from large deposits of 100 BTC or more, with single-day inflows reaching as high as 7,000…
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“This shows that investors and traders continue to sell Bitcoin during the current price drawdown, adding further downward pressure,” analysts noted.
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The average BTC deposit in November reached 1.23 BTC, the highest monthly average in a year, highlighting that both large and mid-sized holders are participating in the market…
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CryptoQuant also highlighted a notable spike in Binance’s stablecoin reserves, which recently hit a record $51 billion, the highest in the exchange’s history.
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Stablecoins often act as a temporary safe haven, providing liquidity for traders who plan to re-enter the market at more favorable levels.
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Meanwhile, BitMine chairman Tom Lee has softened his Bitcoin forecast, noting that reaching the previous all-time high of $250,000 by year-end is now “maybe” rather than…
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The CryptoQuant report noted that similar exchange inflow trends have been observed in Ether (ETH) and other major altcoins, though total ETH inflows have not spiked as sharply.
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Analysts from 10x Research have described Bitcoin’s recent rebound as a “tactical, oversold move,” warning that any recovery may face resistance near $92,000–$101,000.
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