Bitcoin

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Bitcoin’s rally above the $95,000 mark triggered a strong phase of accumulation among retail investors. 
Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) recorded an exchange net outflow of $6 billion over the last seven days — $3.9 billion on Nov. 19 alone — according to data provided by IntoTheBlock. The impressive accumulation wave sent Bitcoin to an all-time high of $99,655 on Nov. 23. 
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 <img loading="lazy" decoding="async" width="1200" height="800" src="https://crypto.news/app/uploads/2024/11/ITB_btc_netflows_undefined_2024-11-25T07_07_58.212Z.png" alt="$6b in Bitcoin left exchanges amid declining whale activity - 41" class="wp-image-14313556">
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 BTC CEX net flow | Source: <a href="https://app.intotheblock.com/coin/BTC/quick-view" target="_blank" rel="nofollow">IntoTheBlock</a>
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The $3.38 billion <a href="https://crypto.news/bitcoin-etfs-3-38b-weekly-inflows-vaneck-180k/" target="_blank">weekly net inflow</a> into spot BTC exchange-traded funds in the U.S. also played an important role in sending Bitcoin close to the $100,000 mark.&nbsp; 
On the other hand, the whale activity around Bitcoin started to cool down before the price reached its ATH.&nbsp; 
Data from ITB shows that large transactions consisting of at least $100,000 worth of BTC fell from 32,000 to 19,500 between Nov. 21 and 24 — the volume plunged from $136.4 billion to $53.6 billion in the mentioned timeframe. 
 You might also like: <a rel="" href="https://crypto.news/sand-mana-axs-top-cryptocurrencies-to-watch-this-week/"> SAND, MANA, AXS: Top cryptocurrencies to watch this week </a> 
Last week, Bitcoin recorded a total of $243.67 billion in whale transactions. 
The movements show that <a href="https://crypto.news/bitcoin-at-100k-retail-investors-still-hold-the-reins/" target="_blank">retail investors</a> have been more active than large holders. 
Despite the declining whale transactions, according to ITB data, the Bitcoin large holder net flow shifted from a net outflow of 9,190 BTC to a net inflow of 4,090 BTC on Sunday, Nov. 24. 
The surge in whale accumulation could potentially trigger the fear of missing out among market participants. A surge above the $100,000 mark could potentially increase the buying pressure among both small and large Bitcoin holders. 
Bitcoin has been consolidating close to the $98,000 zone in the past 24 hours. Its daily trading volume, however, saw a 27% surge, reaching $55 billion. 
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 <img loading="lazy" decoding="async" width="1162" height="681" src="https://crypto.news/app/uploads/2024/11/BTCUSDT_2024-11-25_12-05-55.png" alt="$6b in Bitcoin left exchanges amid declining whale activity - 42" class="wp-image-14313558">
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 BTC price | Source: <a href="https://crypto.news/price/bitcoin/" target="_blank">crypto.news</a>
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The global crypto market cap slipped 2.3% over the past day to $3.47 billion. Moreover, liquidations reached $494 million as Bitcoin’s fall below the $98,000 mark earlier today triggered a market-wide decline, majorly <a href="https://crypto.news/small-cap-altcoin-liquidations-dominate-market-cap-falls-2-3/" target="_blank">affecting small-cap altcoins</a>. 
 Read more: <a rel="" href="https://crypto.news/btc-and-eth-open-interests-hit-new-all-time-high-as-bitcoin-nears-100k/"> BTC and ETH Open Interests hit new all-time-high as Bitcoin nears $100k </a>

$6b in Bitcoin left exchanges amid declining whale activity

crypto.news

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