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Bitcoin Miners Flood Binance With 51K BTC — Is A Sell-Off Imminent?

According to on-chain trackers, bitcoin miners have moved a huge amount of coins to a major exchange in recent days, signaling a clear change in behavior that the market will watch closely. Related Reading: Michael Saylor Issues Rally Cry To Bitcoin Army: “Starve The Bears!” Reports have disclosed miner transfers totaling 51,000 BTC — worth over $5.7 billion — to Binance since October 9. That is a very large flow of supply into a place where coins can be sold quickly. Miners Move Large Amounts To Exchanges On October 11, there was a dramatic spike when miners deposited more than 14,000 BTC to Binance, a day after the market plunged and bitcoin briefly fell to $104,000, an event that wiped out nearly $20 billion in leveraged positions. Based on data, the outflow on that day was the biggest miner transfer since last July. Market participants often read such moves as a tilt from holding toward selling, and that shift can change short-term sentiment fast. Binance Data Indicates That Since October 9, Miners Have Deposited a Total of 51K Bitcoin “The deposit of 51,000 Bitcoins within seven days represents a clear shift in miner behavior from holding to selling or liquidating.” – By @ArabxChain pic.twitter.com/qSN6WGK5bu — CryptoQuant.com (@cryptoquant_com) October 16, 2025 CryptoQuant and other analytics firms caution that moving coins to an exchange does not always equal an immediate sale. Some miners may be posting bitcoin as collateral for futures, funding operational needs, or shifting reserves between wallets for bookkeeping. Still, the market tends to react quickly to visible supply flows. Traders may act on that visible movement even if the coins are not sold right away, increasing price pressure through trading behavior alone. Whales And Funds Buying The Dip Reports have shown that large buyers have been active at the same time. One new wallet reportedly purchased $110 million worth of BTC from Binance, while another fresh address bought 465 BTC (about $51 million) from FalconX. In addition, US spot Bitcoin ETFs have recorded inflows. Those buyers could soak up some of the miner-supplied coins and limit how far the price falls. Market Momentum Remains Fragile After a wild week that erased large amounts of market value, bitcoin has struggled to regain clear momentum. Based on Bloomberg data, the coin was trading near $109,000 on Oct. 17 in Singapore. Bitcoin had hit an all-time high of $126,250 on October 6, so the pullback has been sharp and fast. For the week to Oct. 12, bitcoin slid as much as 6.5%, the largest weekly fall since early March. Related Reading: Biggest Shiba Inu Burn In Months — And It Came From A Coinbase Account Analysts put a key support near $107,000. A firm break below that level could invite deeper losses, they warn. On the flip side, steady buying by large holders and continued ETF demand might keep the market from sliding much further. The tug of war is plain: miners adding potential supply versus big buyers taking the other side. Featured image from Unsplash, chart from TradingView CoinOtag

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No Capitulation, Just Consolidation: What This Bitcoin (BTC) Correction Really Signals

Bitcoin (BTC) came under renewed selling pressure on Thursday as it slid below the $105,000 mark. The latest market downturn has reignited comparisons to earlier cycles. But on-chain data suggests the 2025 landscape is structurally stronger than in 2020 or 2021. Same Shock, New Bitcoin Unlike past corrections, when exchange reserves surged as investors rushed to sell, CryptoQuant said that today’s balances remain near decade lows. This reflected a leaner supply on trading venues. The scarcity of readily available Bitcoin dampens the potential for prolonged selloffs and creates conditions for quicker stabilization. Meanwhile, long-term holders appear largely unfazed by recent volatility. The Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) has stayed close to neutral, in sharp contrast with the deep sub-1 readings of previous capitulations that signaled mass losses and panic exits. Instead of dumping positions, these holders are selectively realizing profits. History shows Bitcoin’s pattern of recovery. The March 2020 crash, for one, cleared excess leverage before whales began buying again. In May 2021, as well, large wallets repeated the cycle – selling high, then buying low. After the August 2023 US debt downgrade, another quick rebound followed as investors resumed. Each cycle demonstrated the market’s growing ability to absorb shocks and recover. The present setup “does not equate to structural weakness.” Unless a surge in exchange inflows triggers broad selling pressure, the analysis stated that Bitcoin’s current retracement looks less like a capitulation and more like a consolidation. BTC Still Leaving Exchanges Swissblock also observed that Bitcoin’s downturn reflects consolidation rather than capitulation. The analytics platform said that after weeks of heavy exchange outflows driven by long-term holders’ accumulation, some selling has resumed, but with significantly milder intensity. Despite the shift, BTC continues to flow out of exchanges, even as the pace is slower, indicating that investors remain largely confident and are not rushing to liquidate holdings. “The true impact of the weekend’s deleverage will surface as participants reposition. So far, on-chain behavior supports short-term bullish structural consolidation, not panic or forced selling.” The post No Capitulation, Just Consolidation: What This Bitcoin (BTC) Correction Really Signals appeared first on CryptoPotato . CoinOtag