Bitcoin Gains Steam as Selling Pressure Eases and Exchange Inflows Fall

Bitcoin's engines are firing again.

After months of sideways churn, the digital asset is finding its footing. The relentless selling pressure that capped every rally? It's fading. Exchange inflows—that telltale sign of impending liquidation—are drying up. The market's breathing room just expanded.

The Pressure Valve Releases

Watch the exchange wallets. When coins flood in, traders are gearing up to sell. It's a precursor to downward momentum. But that flow has slowed to a trickle. The data doesn't lie: fewer coins are moving to exchanges than at any point in recent memory. Sellers are stepping back, or maybe they've simply run out of ammunition.

A Shift in Sentiment

This isn't just about mechanics; it's about mood. The 'sell the news' reflex that dominated the last cycle is taking a break. Long-term holders are digging in. Short-term speculators are finding fewer reasons to panic. The fear that gripped the market is being replaced by a cautious, calculating calm. It's the quiet before a potential move.

The Path Forward

With the overhang of immediate sales reduced, the stage is set. Bitcoin can now respond to its own fundamentals—adoption, institutional interest, macroeconomic winds—without a constant barrage of sell orders. It's a cleaner, healthier price discovery process. Of course, in crypto, 'healthy' is a relative term; it just means the usual chaos has one fewer variable today.

The bottom line? The largest drag on Bitcoin's price is lifting. The market is doing what it does best: forgetting the last crash and getting ready to be surprised by the next thing—whether that's a rally or another reality check from the suits in traditional finance who still think it's all a glorified ponzi scheme.

In brief

• Bitcoin moving to exchanges has dropped dramatically in recent weeks, signaling weaker selling activity.
• This reduction in offloading from whales eases market pressure and creates conditions for steadier price movement in the near term.
• Continued low selling could allow Bitcoin to approach resistance levels near $102,000 and test higher thresholds.

Bitcoin Sees Easing Selling Pressure

Bitcoin briefly fell to $80,000 on November 21 but has since climbed to a one-month high NEAR $94,000. This recovery comes as fewer coins are being moved onto exchanges and selling from large holders has slowed, trends that generally help support market stability. 

Over the past three weeks, exchange deposits have dropped sharply from 88,000 BTC to 21,000 BTC, reflecting a gradual reduction in selling activity that had been building. Much of this slowdown is due to the actions of large investors and whales. Specifically, their share of exchange deposits fell from 47% in mid-November to 21%, while the average size of their transactions shrank 36%, declining from 1.1 BTC to 0.7 BTC. 

These shifts in market behavior were already in place ahead of today’s Federal Reserve decision, which cut the key interest rate by 25 basis points to 3.5%–3.75%, marking the third reduction in 2025.

Bitcoin Set for Near-Term Gains

The slowdown in selling comes after a period of heavy market losses, with Bitcoin dipping below $100,000 on November 13 and whales and short-term traders recording $646 million in realized losses, marking the largest losses observed since mid-year.

In total, net losses have reached roughly $3.2 billion in recent weeks, a level that appears to have cleared out more vulnerable holders and lessened the pressure of forced selling. While such losses can drive steep declines during weak market phases, once the bulk of this pressure eases, it often creates conditions for steadier price movement.

If selling continues to remain low, bitcoin could see further upside in the near term, with potential levels to watch reflecting both on-chain metrics and historical resistance points.

• Bitcoin may rise toward $99,000, which aligns with the lower range of the Trader On-chain Realized Price indicator, suggesting initial upside potential if current market conditions hold
• Looking higher, key resistance is observed at $102,000, near the one-year moving average, and around $112,000, corresponding with the upper range of the same on-chain metric, indicating areas where upward momentum could face stronger selling pressure

Rate Cut Offers Relief, but History Weighs on Momentum

Alongside these resistance levels, the recent Federal Reserve rate cut could influence short-term price action, potentially prompting a brief relief rally. However, historical trends suggest Bitcoin often faces downward pressure following FOMC announcements, with analyst Ali Martinez noting that in 2025, the only short-lived rally occurred in early May. 

Currently, the cryptocurrency remains in a corrective channel, trading around $93,731 with resistance between $94,000 and $96,000. Any sustained upward movement will depend on buyers overcoming these barriers to maintain momentum.

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