Key Takeaways
How a lot Bitcoin has left exchanges through the current correction?
Roughly 100,000 to 120,000 BTC has been withdrawn from exchanges in October-November 2025, marking one of many largest outflow waves.
How far has Bitcoin fallen from its peak?
Bitcoin presently trades at $93,248, representing a 27% decline from its October peak of roughly $127,500, with the value motion exhibiting persistent bearish momentum all through November.
Bitcoin holders seem like shifting from aggressive promoting to accumulation conduct as distribution stress moderates throughout key cohorts.
On-chain information reveals huge trade outflows coinciding with Bitcoin’s steep correction, suggesting sturdy arms are shifting cash into chilly storage quite than capitulating.
Bitcoin holder cohorts flip to accumulation
Glassnode’s Development Accumulation Rating by Cohort reveals a dramatic behavioral shift amongst Bitcoin holders in November.
The heatmap chart exhibits a number of cohorts transitioning from deep crimson [distribution] to blue tones [accumulation] in current weeks.
Supply: Glassnode
The <1 BTC cohort displayed persistent crimson all through October, indicating constant promoting by smaller holders. Nonetheless, November information exhibits this group shifting towards impartial and even blue accumulation zones.
Equally, the 1-10 BTC cohort skilled heavy distribution throughout Bitcoin’s rally however now demonstrates accumulation conduct.
Mid-sized holders within the 10-100 BTC and 100-1K BTC ranges adopted comparable patterns. These wallets offered aggressively as Bitcoin approached $120,000 in August and October, however have since diminished distribution depth.
The most recent readings present accumulation scores bettering throughout most timeframes.
Huge trade exodus indicators accumulation
Glassnode information exhibits roughly 100,000 to 120,000 BTC exited exchanges in October and November 2025.
The withdrawal wave, represented by deep crimson bars on the trade web place change chart, matches the magnitude of December 2024’s outflows and represents the most important self-custody motion within the dataset’s current historical past.
Supply: Glassnode
The sample stands in stark distinction to the sooner intervals of 2024. Throughout Bitcoin’s rally from round $70,000 to over $100,000 by mid-2024, inexperienced bars dominated the chart, indicating cash flowing onto exchanges for promoting.
The present reversal to sustained crimson bars means that distribution from profit-takers has largely exhausted itself.
The timing proves notable as outflows speed up exactly throughout Bitcoin’s 27% worth decline, indicating accumulation throughout weak spot quite than panic promoting.
Worth correction creates alternative
Bitcoin’s each day chart illustrates the severity of the current selloff. Worth motion peaked close to $127,500 in late October earlier than getting into a sustained decline by November.
Sharp crimson candles dominated the interval, pushing Bitcoin by assist ranges at $110,000, $105,000, and not too long ago testing $100,000.
The 27% correction from peak to present ranges, at $93,248, represents a big repricing.
Supply: TradingView
Nonetheless, the mixture of moderating distribution stress throughout holder cohorts and large trade outflows suggests promoting exhaustion could also be approaching.
Market individuals monitor whether or not this shift marks a cycle low or merely a pause earlier than additional decline.
