BTC Moves to Exchanges Amid Mixed Market Signals
Key Takeaways
- Over 21,000 Bitcoin (BTC) were transferred to exchanges within four days – a possible signal of selling pressure.
- Bitcoin is forming a bullish chart pattern but is currently struggling to break resistance at around $88,860 USD.
- Whales and institutional investors continue actively buying BTC despite the potential for a correction.
- Bitcoin’s network activity has dropped to historically low levels.
- The decline in the stock-to-flow ratio suggests scarcity may be becoming less important as a price driver.
Rising Exchange Inflows: A Warning Sign for a Correction?
Over the past 96 hours, more than 21,000 BTC have been moved to centralized crypto exchanges. Such inflows often signal upcoming selling pressure – especially when traders anticipate local highs. Recently, Bitcoin has been hovering around the $83,700 USD mark without a clear direction. This raises the question: Is a price correction on the horizon?
Technical Analysis: Cup-and-Handle Pattern Forming
On the 4-hour chart, Bitcoin is currently forming a classic “cup and handle” pattern. This chart formation is considered a bullish signal if fully developed. The price recently stood at around $85,138 USD, a slight increase of 1.02%. The key resistance lies at $88,860 USD. A sustained breakout above this level could initiate a new upward trend. If the breakout fails, a pullback to the support zone at $81,535 USD is possible.
Market Sentiment: Balance Between Bulls and Bears
Market participants are currently divided. Over the past seven days, buyers and sellers have been evenly matched with 130 positions each. This stalemate highlights the current uncertainty. Even minor news could shift the balance. At the same time, Bitcoin’s network activity has significantly declined – a sign of waning user interest and lower transaction volumes.
Large Investors Continue to Accumulate
Despite rising exchange inflows, data from Glassnode shows that large investors – known as “whales” – continue to accumulate BTC. Wallets holding more than 10,000 BTC have recently increased their holdings. The “accumulation score,” a measure of large players’ buying behaviour, is currently at 0.6 – indicating strong accumulation.
Institutions are also buying: Tether purchased $750 million USD worth of BTC in 2025 and now holds over 100,000 BTC. Bitwise has also added to its holdings, acquiring $24.5 million USD worth of BTC. These purchases point to long-term confidence in Bitcoin, regardless of short-term volatility.
Declining Scarcity: Stock-to-Flow Losing Influence
The stock-to-flow ratio – a model used to assess Bitcoin’s scarcity – has dropped by 71.43% in the past 24 hours. The current value stands at 907,200. Such a sharp decline may indicate temporary market saturation or growing skepticism about the relevance of scarcity as a price driver. Nevertheless, many investors view the current price range as a favourable buying opportunity.
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Our Assessment
In the short term, a correction cannot be ruled out. The increased exchange inflows and weak network activity suggest a possible cooldown. Such signals have often preceded local peaks in the past.
However, the long-term outlook remains stable. Continued accumulation by whales and institutions reflects confidence in Bitcoin’s future. The bullish chart pattern may also fully develop if resistance at $88,860 USD is broken.
Those investing now should be aware of short-term risks – but also keep an eye on the long-term opportunities.
Sources
- Glassnode
- TradingView
- CryptoQuant
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $82,135.00 |
| 24h % | -4.06 % |
| 7d % | -5.62 % |
| 30d % | -6.56 % |
| 60d % | -16.39 % |
| 1y % | 24.77 % |
| Market Cap | $1,629,928,690,004.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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