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Thursday Nov 27 2025 03:40
2 min
Analysts at CryptoQuant have warned that continued selling pressure from Bitcoin whales could result in a further decline in the asset's value. Bitcoin (BTC) exchange inflows reached a peak of 9,000 on November 21 as the price of Bitcoin declined to $80,600 on Coinbase, its lowest in seven months, according to a market summary released on Wednesday.
Typically, an increase in cryptocurrency exchange inflows indicates that investors are preparing to sell. Conversely, increasing exchange outflows suggest a buying trend.
CryptoQuant data reveals that 45% of the total BTC sent to exchanges originated from large deposits of 100 BTC or more, peaking at 7,000 BTC on a single day. This strongly implies that whales have been transferring coins to exchanges in anticipation of selling.
"This indicates that investors and traders continue to sell Bitcoin amidst the current price drawdown, exerting further downward pressure on the price."
This activity brought the average BTC deposit value to 1.23 BTC in November, the highest level in a year, the report added.
CryptoQuant also noted on Wednesday that Binance’s stablecoin reserves have reached a record $51 billion, the highest in its history. Concurrently, BTC and Ether (ETH) inflows climbed to $40 billion this week, led by Binance and Coinbase.
High stablecoin reserves on exchanges signal a rotation from Bitcoin and altcoins into dollar-pegged assets, where capital often remains until market participants are ready to re-enter the market.
Earlier this week, analyst James Check highlighted remaining leverage that had yet to be flushed from the markets. “We wouldn’t be too surprised if we wick into the $70k-$80k zone to flush the final leverage pockets,” he commented.
Meanwhile, BitMine chairman Tom Lee has tempered his $250,000 Bitcoin target, now stating that even returning to an all-time high by year’s end is merely a “maybe.”
The analytics platform observed a comparable deposit exchange inflow trend for Ether, “although total inflows have not spiked much.”
Inflows of other altcoins to exchanges also increased this month as the sell-off intensified, pushing many of them back to bear market lows.
Earlier this week, 10x Research stated that Bitcoin’s “tactical, oversold rebound is still playing out,” targeting $92,000 and $101,000 as key resistance zones to watch.
BTC has reclaimed $90,000 and is currently trading slightly above it at the time of writing.
Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
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