Bitcoin News
By Sakamoto Nashi
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Consolidation Phase Still Running. Swissblock puts Bitcoin squarely in what it calls a "Bullish Transition" — a consolidation phase…
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Institutional Wallets Pull $441 Million Off Binance. The biggest single move of the day came from two large institutional wallets that pulled 6,765 BTC…
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What the Supply Picture Actually Means. Put it all together and the market is in a weird, tense spot. Large holders are accumulating.
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Bitcoin dropped 3% on Monday, briefly touching $63,000, and the dip didn't scare off the big money. If anything, it seemed to attract it.
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Data from Santiment shows wallets holding between 10 and 10,000 BTC collectively added 19,696 units over the past eight days. Retail wallets — those holding less than 0.
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Swissblock puts Bitcoin squarely in what it calls a "Bullish Transition" — a consolidation phase that, historically, runs about 40 days before any meaningful recovery kicks in.
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It's worth keeping in mind just how far Bitcoin has fallen from its highs. The asset is trading about 50% below its October 2025 peak of $126,200.
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CryptoQuant flagged this as unusual. During typical capitulation phases, investors tend to move Bitcoin onto exchanges to sell. That's not what's happening here.
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One risk worth watching: if the 7-day moving average of netflow turns and holds positive, that could signal renewed selling pressure and potentially drag Bitcoin down to retest…
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See also: Michael Saylor Warns Strategy Holders as BIP-110 Threatens Bitcoin Consensus Rules
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The biggest single move of the day came from two large institutional wallets that pulled 6,765 BTC — worth roughly $441.34 million — off Binance on Monday.
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BSCN reported the transactions. The coordination suggests a deliberate migration of spot liquidity into private cold storage, not a sale.
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Either way, 6,765 BTC leaving Binance in one hour is a meaningful reduction in available exchange liquidity.
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Put it all together and the market is in a weird, tense spot. Large holders are accumulating. Institutions are moving coins to cold storage. Exchange supply is falling.
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The 19,696 BTC picked up by mid-to-large wallets over eight days is a real number. It's not a rounding error.
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