Large Holders Drive Exchange Inflows as Market Shows Signs of Stress
Bitcoin’s recent pullback may extend further if large holders continue moving substantial amounts of BTC onto exchanges, according to new market analyses. Rising inflows from whales — investors holding significant balances — often indicate preparation to sell, a trend that historically precedes additional price declines. The warning comes as Bitcoin briefly touched its lowest level in seven months.
Whale Activity Raises Caution
Data tracking BTC movements shows that exchange inflows surged to around 9,000 BTC on Nov. 21, coinciding with Bitcoin’s dip to roughly $80,600 on major trading platforms. Analysts say what stands out is the scale of deposits from large wallets.
The average Bitcoin deposit amount climbed to its highest level in a year during November, rising to 1.23 BTC per transaction, an indicator that activity is driven not by retail investors but by larger strategic players.
Capital Rotates Into Stablecoins
In parallel, stablecoin reserves on major exchanges recently reached a new peak of about $51 billion. Market analysts view this as a signal that investors are rotating out of Bitcoin and altcoins into dollar-pegged assets, often a precursor to waiting for lower entry prices.
Some analysts believe further downside remains possible, especially if leverage continues unwinding. “A move into the $70,000–$80,000 range wouldn’t be unexpected as remaining leverage pockets get flushed,” BitXJournal experts said, suggesting that liquidity conditions remain fragile.
Despite this, a short-term rebound has already pushed Bitcoin back above $90,000. Researchers say resistance levels near $92,000 and $101,000 will be crucial if buyers attempt to regain momentum.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.