CryptoQuant Quicktake

At the end of November, there was a notable wave of Bitcoin outflows from Binance. Between November 23-28, these outflows repeatedly ranged between -2.5K and -4K BTC.

When BTC leaves exchanges, it signals reduced selling pressure, stronger HODL behavior, and supply tightening all of which tend to have a positive impact on price. As seen on the chart, BTC recovered from around $85K to $91K during this period. We can reasonably say that this rebound was largely driven by the shift toward negative netflow.

Between November 1-10, strong inflows into the exchange created selling pressure, pushing the price down from $105K to $81K. During this period, inflows reached as high as 5K-6K BTC, and the chart clearly reflects this.

In the most recent data, red netflow bars remain dominant but have shrunk. Netflow has been around -300 to -500 BTC in recent days not extreme, but still negative. The price has also recovered toward $91.3K. As long as net outflows continue, structural upward pressure on the price remains. Based on this, I expect the price to move above $100K. In short, we are in an environment where selling pressure is weak.

Written by PelinayPA

Ethereum is also seeing its market buy/sell ratio increase, similar to Bitcoin

Recently, when prices fell but the market buy/sell ratio rose, a divergence occurred, signaling a potential trend reversal

A bull market is approaching the crypto market

Written by crypto sunmoon

Bitcoin short-term holder behavior on Binance just signaled a major market shift. After two massive capitulation events saw over 19,000 BTC in realized losses, the past five days recorded virtually zero panic selling with loss inflows below one BTC daily.

November twenty fourth and twenty sixth witnessed extreme capitulation as 10,559 BTC and 8,674 BTC hit Binance in realized losses, totaling 1.6 billion dollars during Bitcoin's dip to 87,000 dollars. Short-term holders who bought near highs finally capitulated.

Then the selling stopped. Starting November twenty seventh, loss inflows collapsed. The past four days recorded just 0.06, 0.05, 0.007, and 0.002 BTC in losses. That final number represents 211 dollars in total losses across Binance, down from 922 million six days earlier.

This ninety nine percent decline reveals exhausted selling pressure. Short-term holders, wallets holding under 155 days, represent the most panic-prone segment. When they stop selling at losses despite volatility, it signals capitulation completion or growing conviction.

USD data confirms strength. Average daily losses dropped twenty two percent week over week from 307 million to 241 million dollars. Five of seven recent days showed losses under one BTC, indicating virtually zero panic selling from recent buyers on Binance.

Market structure implications matter. Heavy loss realization removes weak hands and resets cost basis. When short-term holders stop selling at losses, major sell pressure disappears while suggesting smart money accumulation. This concentration on Binance signals where sophisticated capital operates during stress.

Bitcoin stabilizes around 90,000 dollars after testing 84,000 dollar support. Short-term holders who survived that dip now hold improving positions, creating conviction rather than fear. This behavioral shift often precedes sustained uptrends as marginal sellers disappear.

Written by Crazzyblockk

The LTH-SOPR/STH-SOPR Ratio surged sharply in mid-November, reaching one of its highest values of the year. This spike indicates that long-term holders (LTHs) were realizing significantly more profit relative to short-term holders (STHs) — a behavior typically observed during distribution phases near local or macro market tops.

However, following this spike, the ratio has fallen back toward more neutral levels between 1.2 and 1.5. This suggests that the wave of LTH profit-taking has eased, and selling pressure from long-term holders may be stabilizing.

The yearly chart supports this interpretation: while LTH profit-taking peaked during strong price rallies earlier in 2025, the most recent decline in the ratio signals a normalization of LTH behavior. Historically, when LTH-SOPR cools after aggressive distribution, markets often transition into consolidation rather than continued heavy selling.

Conclusion:

➡️ The recent decline in the LTH-SOPR ratio suggests that long-term holder distribution is cooling. If this trend continues, the market may avoid deeper selling pressure and move into a more balanced accumulation or consolidation phase.

Written by KriptoCenneti

The Bitcoin market is currently experiencing a complex phase in the interplay between supply and demand dynamics. Recent on-chain data shows unusual behavior from miners, who withdrew nearly 65,000 BTC from exchanges during November. Such large-scale withdrawals are generally seen as a bullish signal, as they indicate miners’ preference to hold rather than sell immediately, reducing the available supply on exchanges and supporting expectations for medium-term price stability or growth.

However, the data also shows that miner inflows to Binance surged significantly during November, reaching more than 220,000 BTC, a figure noticeably higher than October’s inflows of 186,000 BTC. This sharp increase raises questions about miners’ intentions, as large transfers to exchanges are typically interpreted as preparation for selling or adding liquidity—apparently contradicting the withdrawal pattern observed on other platforms.

This apparent contradiction between broad exchange withdrawals and heavy transfers into Binance reveals a more nuanced reality: miners do not act as a unified group. Some miners consolidate their BTC on Binance to access advanced risk-management tools—such as futures hedging or providing liquidity to derivatives markets—without necessarily executing direct sell orders. Others move their holdings into cold storage for long-term holding.

From a broader market perspective, the combination of declining net supply on most exchanges and large liquidity movements toward Binance reflects a structural shift in miner behavior during November. While rising inflows into the world’s largest exchange may signal potential selling pressure, the simultaneous withdrawals support an alternative narrative: miners are prioritizing flexible position management on Binance while maintaining an overall bias toward holding rather than aggressive selling.

Written by Arab Chain

A striking divergence has emerged in the Solana network’s on-chain flows regarding Binance wallets over the last 7 days, signaling a potential shift in market sentiment.

Key Observations:

According to the latest Net Flow analysis, Binance has witnessed a massive inflow of $2.12 billion in USDC. Typically, large stablecoin deposits onto exchanges act as “dry powder,” indicating that institutional or whale investors are positioning themselves with buying power, ready to deploy capital into the market.

Conversely, the native token SOL has seen a significant outflow of roughly $1.11 billion. When native coins leave major exchanges, it generally suggests a reduction in sell-side pressure. Investors are withdrawing SOL to self-custody wallets, likely for staking, participation in DeFi protocols, or long-term holding.

The Implication:

This “Stablecoin In / Native Token Out” dynamic is a classic bullish signal in on-chain analytics. It suggests that liquidity is entering the ecosystem (via USDC) while the available supply of SOL on the exchange is shrinking.

Furthermore, the contrast with USDT (which saw a $450M outflow) highlights a preference for USDC as the primary vehicle for this specific liquidity injection on Solana.

Conclusion:

The market appears to be entering an accumulation phase on Solana. The combination of high buying power sitting on the exchange and a supply shock from SOL withdrawals creates a favorable setup for upward price action — provided the “dry powder” is deployed effectively.

Written by CryptoOnchain

Funding rates in perpetual futures serve one purpose: keeping derivative prices aligned with spot through arbitrage. When this works efficiently, rates stay near zero with low volatility. The latest ETH data shows exactly where this happens.

Over thirty days, Binance recorded funding volatility of 0.0025 percent versus the market average of 0.0153 percent. This six-fold difference directly signals deeper liquidity and more active arbitrage keeping the perpetual-spot basis tight.

The contrast sharpens examining extreme events. Binance experienced zero funding rate spikes beyond normal ranges while other exchanges saw multiple tail events. These spikes represent moments when perpetual price disconnects from spot, often triggering unexpected liquidations for leveraged traders.

From a cost perspective, the gap becomes substantial. Annualized funding runs 5.49 percent on Binance versus 46.39 percent market wide. Since funding charges every eight hours, this forty percent annual difference compounds into real money for positions held beyond short-term trades.

Perhaps most revealing is the price-funding correlation. Binance maintains only 0.27 correlation between ETH price movements and funding rates. Low correlation here proves professional market makers actively manage the basis rather than funding simply following retail sentiment and leverage flows.

The recent week showed funding compressed into a narrow 0.0048 percent range despite ETH experiencing significant price swings. This stability under volatility demonstrates what efficient perpetual markets look like when arbitrage capital actively works.

Written by Crazzyblockk

Monthly trading volume data for Shiba Inu (SHIB) across centralized exchanges (CEXs) shows a clear slowdown in market activity during November , with total trading volume reaching approximately $1.21 billion the lowest level since July. This decline indicates a significant decrease in liquidity and a drop in trader interest compared to previous months, which saw much higher activity, particularly during the first half of the year.

Examining the distribution of trading volumes by platform, Binance continues to dominate with $446.06 million — the highest among cryptocurrency exchanges. Upbit follows with $210.28 million, then Gate.io with $128.15 million, KuCoin with $174.92 million, and Coinbase with $78.71 million. Bybit recorded $48.30 million, Bitget approximately $52.01 million, and Bithumb Korea around $75.02 million.

This overall decline in trading volumes reflects a waning of speculative momentum and a weakening of traders’ risk appetite, suggesting that SHIB is entering a period of relative calm after months of volatility and intense activity. The reduced liquidity also implies that future price movements may become more sensitive to limited inflows, potentially leading to sharper swings in the event of unexpected news or catalysts.

Written by Arab Chain

Written by Crypto_Lion

Written by Crypto_Lion

Written by Crypto_Lion

Bitcoin’s short-term on-chain momentum is flashing its first real signs of recovery. The latest data shows a sharp rebound in the 7-day STH MVRV Ratio, jumping more than 200% from last week’s lows, while Bitcoin price climbed back above $90K with a 7.5% weekly gain. This tells us that new buyers are rapidly moving out of deep loss territory, reducing short-term sell pressure and signaling a shift in market sentiment.

But the key context sits in the 30-day STH MVRV, which remains deeply negative. That means the broader pool of recent buyers is still underwater despite the bounce, a classic early-cycle pattern where short-term holders recover faster than the wider cohort. Historically, this combination — a surging 7d MVRV with a still-negative 30d MVRV — has marked the beginning of recovery phases rather than the end of them.

If this trend continues and the 30-day metric grinds back toward neutral, it would confirm that realized losses are clearing out and that Bitcoin’s price structure is stabilizing for a stronger move. For now, the data doesn’t scream euphoric breakout, but it does highlight a constructive shift beneath the surface — one that often precedes sustained upside when market momentum returns to short-term holders first.

Written by Crazzyblockk

Recently, when a divergence occurs where prices fall but the market buy/sell ratio rises, the trend has shown signs of reversing.

Bitcoin could soon rebound significantly.

Written by crypto sunmoon

Ethereum's price action suggests a strong defensive move, as the market attempts a rally immediately after touching the average cost basis of its dedicated Accumulation Addresses (often referred to as Permanent Holders).

Critically, this fundamental support level defined by permanent holders has historically proven unbreakable. This time is unlikely to be different. These committed holders are expected to generate significant additional buying pressure at this pivot point, effectively helping the market to carve out a sustainable cycle bottom.

Written by crypto sunmoon

Hello friends, the LATEST INSTANTANEOUS SHIFT in CryptoQuant data shows a TURNING POINT that will determine the FATE of the market! The RED ALERT on that major CVD chart is over, but now the real war begins!

THE SILENCE ON THE BATTLEFIELD

The Spot Taker CVD (90-day volume delta) chart has moved into the NEUTRAL GREY PHASE after a historical wave of selling (Red)!

THE PAST: The TERRIFYING RED DOMINANCE seen in recent months—that is, the DANGEROUS SELLING PRESSURE—DEEPLY AFFECTED the price and inflicted PAINFUL DOWNTRENDS upon us. Bitcoin’s price experienced a 30% correction, plummeting from $126K down to $84K.

THE NOW: The Sellers are EXHAUSTED! The CVD turning grey shows that those SELLING IN HASTE have withdrawn their hand. This is a MOMENT TO CATCH OUR BREATH!

So, is this a TRAP or the BOTTOM?

This situation, in my opinion, brings TWO MAJOR SCENARIOS to the table:

🚀 POSITIVE (BULLISH) GROUND: Grey can be a new springboard! If this neutral zone is a phase where MAJOR BUYERS are quietly ACCUMULATING, the CVD will turn GREEN AGAIN shortly and will propel the market FAR BEYOND the $100K levels! The halt in selling can ignite the appetite for buying! (I believe we could be above $100K in January, if not in December.)

⚠️ NEGATIVE (TRAP) RISK: Grey might just be a SELLER'S PAUSE! If new and strong buyers fail to enter the market, this neutral zone turns into a DISTRACTION, and sellers could REGAIN POWER and suddenly paint the market RED ONCE MORE!

📊 WHAT ARE WE WAITING FOR? (THE CURRENT SIGNAL)

Our eyes are now on the GREEN SIGNAL! The price holding in this critical area and the CVD starting to INCLINE UPWARD again will show us that the buyers have NOT GIVEN UP, and this will provide the DEFINITIVE SIGNAL for a new rally! Remaining in the grey zone means SILENCE BEFORE VOLATILITY!

🔥 NEVER FORGET! Timing is EVERYTHING in crypto! The transition from this neutral zone back to the green phase will be the MOST CRITICAL ANALYSIS of the market. (info@bitcosar.com)

Written by İbrahim COŞAR

Bitcoin is showing unusual strength in the face of short-term holder capitulation. The STH-SOPR indicator is approaching the critical 0.90 zone, a level that has historically marked local bottoms and powerful price rebounds.

STH-SOPR Nears the Historical Rebound Zone: Recent Support Gains Strength

The STH-SOPR (Spent Output Profit Ratio for short-term holders) has remained below 1 for almost every day since October 10, standing at 0.988 on November 28.

This means short-term investors are selling at a loss, a behavior typical during market reset phases.

What matters is not only that STH are partially capitulating, but how the price is reacting.

Despite this pressure, Bitcoin has demonstrated remarkable resilience:

📌 the price has held without breaking structure, even after the recent decline.

And here is the crucial part:

🔥 Historically, when the STH-SOPR approaches the 0.90 zone, Bitcoin tends to rebound sharply.

This lower band has marked support zones in multiple cycles:

In 2018, it signaled the end of capitulation.

In 2020, it anticipated the start of the bull rally.

In 2022–2023, it marked local bottoms before strong recoveries.

Today, once again, we are approaching this critical zone, while the price remains stable and absorbs selling pressure without structural deterioration.

All of this reinforces a key insight:

📌 The bottom we identified a few days ago is showing clear signs of strength.

When STH sell at a loss but the price holds, it usually means weak supply is drying up and the market is forming a structural support zone from which the next expansion can develop.

The combination of:

STH-SOPR near 0.90,

Controlled loss-taking,

And stable price structure,

is exactly the configuration that has historically preceded significant rebounds.

by Carmelo Alemán, On-Chain Analyst Verified by CryptoQuant

📲 Connect with me:

♦️ X: @oro_crypto♦️ YouTube: OroCryptoCanal♦️ Email: carmeloaleman@orocrypto.es

Written by Carmelo_Alemán

Ethereum has dropped sharply to around $2,900, but during this move the futures market has changed dramatically. According to CryptoQuant data, open interest across all exchanges fell from about $21 billion to the $17-billion range in late November and has since moved sideways at low levels. Excessive leveraged longs have been flushed out, and new positions are being opened with more conservative sizing.

Over the same period, funding rates remained positive but fell to around 0.002, meaning the strong long bias that existed just before has almost disappeared. Price action alone looks weak, but with “position reset” progressing, downside risk is now more manageable than before.

On the spot and on-chain side, MVRV stands at 1.27, a neutral zone close to “fair value,” while Binance data shows it around 1.0, or break-even territory. ETH has started to rebound after touching the realized price of whale accumulation addresses, suggesting large players are buying on dips. BitMine has increased its holdings to 3.63M ETH, and a BlackRock client has also added tens of millions of dollars’ worth of ETH, indicating that institutional demand remains strong.

At the same time, ETH spot ETFs saw outflows of $1.42B in November alone, so legacy-market selling pressure is still present. However, with futures leverage cleaned up while whales and institutions continue to buy the dip, the broader market seems to be in a “bottom-building phase before a major trend reversal.” In the short term, Ethereum is likely to remain in a choppy, sell-on-rally range, but from a medium- to long-term perspective, this area is becoming increasingly attractive for phased accumulation and dip-buying strategies.

Written by XWIN Research Japan

Bitcoin is forming a local bottom around the $80,000 level, while miners are experiencing a critical underpaid phase. This metric historically signals stress, forced selling, and capitulation cycles on the miner side all of which tend to confirm major market bottoms.

Miner behavior continues to play a significant role in validating both the top and bottom structure of Bitcoin’s price. At the start of 2024, miner revenue surged into extremely high levels during the rally, showing an aggressive phase of miner activity and clear liquidity distribution into the market.

During mid-2024, a consistent pattern developed:

- Capitulation zones confirmed local bottoms,

- While extremely overpaid periods aligned with market tops and strong liquidity outflows.

Toward late 2024 and early 2025, miner revenues once again climbed to excessive levels, signaling another distribution phase, which coincided with the broader price softening. As 2025 progressed, miners approached the extremely overpaid threshold again, reinforcing this distribution-driven structure.

But near the end of 2025, the situation reversed sharply. With Bitcoin falling back to $80,000, miners were pushed into a deep underpaid regime. This indicates that miners were forced to operate with minimal revenue, pointing to:

- A completed capitulation cycle,

- The exhaustion of selling pressure,

- And a confirmed local bottom around current price levels.

As long as Bitcoin holds above the $80,000 zone, miner profitability is likely to recover, potentially transitioning back into healthier revenue conditions in the coming period.

Overall, miner activity remains one of the most influential forces in the market. Their behavior continues to validate major turning points, and the current structure strongly suggests that the $80,000 region has been confirmed as a local bottom through miner capitulation.

Written by BorisD

$ETH began to rebound after hitting the realized price of the accumulation address.

This line represents the whales' profit support line, signifying the bottom of the $ETH price.

Even though the price was close to the whales' realized price, whales continued to buy $ETH with increasing intensity.

At the current price level, we should be prepared for an uptrend rather than a downtrend.

Written by CW8900

Bitcoin market appears to be demonstrating signs of stabilizing and returning to its previous state, as suggested by a recovery in critical metrics. Specifically, the Funding Rate—analyzed as a 72-hour MA has shifted back into positive territory, which often indicates a resetting of market sentiment. This trend is further corroborated by the Coinbase Premium Index; utilizing a 30-period SMA on a 1-minute timeframe, this index has also flipped to positive. The alignment of these technical indicators implies that the market conditions may be reverting to their established baseline.

Written by nino