Bitcoin Price Outlook: Whales May Create Downward Pressure, Experts Caution

Recent market activity shows a significant influx of Bitcoin into exchanges, indicating potential pressure on cryptocurrency prices. Bitcoin's value dropped to $80,600, with substantial deposits from large holders. Analysts are cautious, suggesting that further price declines could be on the horizon. Meanwhile, Binance's stablecoin reserves have hit an all-time high, highlighting a growing trend of funds waiting on the sidelines.

Key Takeaways

On November 21, over 9,000 Bitcoin entered exchanges, dropping its price to around $80,600—the lowest it's been in seven months.
Large deposits (over 100 BTC) comprised 45% of total inflows, with a peak transfer of 7,000 BTC observed on the same day.
Analysts caution that recent price recoveries may be temporary and foresee potential further declines, especially in the $70k-$80k range.
Binance's stablecoin holdings reached a record $51 billion, indicating a shift of funds into dollar-pegged tokens while traders await market movement.

Bitcoin

Bitcoin Inflows Surge Amid Price Declines

Exchange data reveals that on November 21, more than 9,000 Bitcoin flowed into trading platforms, coinciding with a price dip to $80,600 on Coinbase, marking the lowest level in seven months. Reports indicate that about 45% of these deposits were in increments of 100 BTC or more, with one particular day witnessing transfers of 7,000 BTC. In November, the average deposit size rose to 1.23 BTC, the highest it has been in the last year. These figures suggest that more than casual portfolio rebalancing is occurring, pointing towards significant amounts of Bitcoin being moved for sale purposes.

Bitcoin Inflow Analysis

Binance’s Stablecoin Holdings Reach New Heights

Market reports show that Binance's stablecoin reserves have reached a new record of $51 billion. Simultaneously, Bitcoin (BTC) and Ethereum (ETH) inflows to exchanges surged to approximately $40 billion this past week, with Binance and Coinbase leading this trend. Traders typically hold their funds in dollar-pegged tokens when they are uncertain about market movements. This accumulation indicates that while liquidity exists, it is not being actively utilized for purchases until sellers retreat or buyers emerge.

Bitcoin exchange inflows are rising as the price drops to ~87K, a seven-month low.
Large deposits (100+ BTC) now comprise 45% of all inflows, hitting 7K BTC on Nov 21.
Big holders are increasingly sending BTC to exchanges, reinforcing the current downtrend.
— CryptoQuant.com (@cryptoquant_com) November 26, 2025

Analysts Forecast Potential Further Pullback

Some market analysts express concern that the recent price recovery may be temporary, pointing out remaining margin positions that could lead to further testing of lower price levels. Analysts suggest a potential dip into the $70k–$80k range to clear out the last of the leveraged positions. 10x Research has identified key resistance levels to watch at $92,000 and $101,000 during any recovery attempts.

Bitcoin recently managed to rise above $90,000 but is still approximately 28% down from its all-time high of over $126,000 reached in October.

Bitcoin Price Chart
BTCUSD currently trading at $91,681. Chart: TradingView

In the larger market context, stock movements have shown mixed signals. The S&P 500 and Nasdaq have shown gains as investors speculate on a potential US Federal Reserve rate cut, positively impacting risk assets. However, reports indicate that Bitcoin's strong correlation with the Nasdaq has weakened, with Bitcoin's decline being more pronounced recently. Additional inflows to exchanges have also been seen in Ethereum and many altcoins, leading some tokens to return to bear-market lows due to expanding selling pressure.

While liquidity remains available, it is currently parked in stablecoins, and large holders continue to shift assets to exchanges. A significant market rally will likely require either strong buying interest or a clear trigger to move those stablecoins back into riskier assets.

For now, the market appears to be in a holding pattern: while a brief rally may happen, analysts caution that a deeper decline is still a possibility as positions are cleared and sellers continue their movements.

Featured image from Unsplash, chart from TradingView