Everyone is talking about why BTC can’t break through 87,000. What I’m more interested in is something else that quietly happened on-chain at the same time..
📊 进群看我盯的点
Over the past week, more than 23,137 BTC flowed out of Binance—the largest weekly net outflow since June 2023.. Looking at a longer timeframe, Binance’s Bitcoin reserves have fallen by nearly 40,000 BTC since September 20..
Many people’s first reaction is to panic, thinking that the whales are getting out.. But it’s actually the opposite: historically, withdrawing Bitcoin from exchanges has more often been seen as a sign of long-term holding than short-term selling.. CryptoQuant sees it the same way: withdrawals mean coins are being locked away in cold wallets, which reduces the selling pressure on the market..
Even more important is another data point.. During the same period, the amount of stablecoins deposited into Binance by large addresses increased noticeably. The 30-day rolling inflow rose from $21.7 billion in mid-August to $30.5 billion by the end of September, an increase of around 40%..
On one side, Bitcoin is leaving exchanges; on the other, stablecoins are lining up to enter.. Put these two things together, and the picture looks different: the money hasn’t left—it has just moved somewhere else to wait.. Stablecoins are dry powder; depositing them is like getting ready to pull the trigger..
The last time we saw a similar picture was in June 2023. Back then, weekly outflows came close to 45,000 BTC, and BTC then climbed from 26,300 to 30,500. That’s why some people are now comparing this market phase to the accumulation stage near the end of a bear market..
But there’s one detail we shouldn’t overlook.. Whale stablecoin inflows surged to a high of $61 billion in October, then declined steadily. The current rebound is climbing back up from a low, so its pace isn’t exactly the same as last time..
In other words, this looks more like a second entry than a first scramble to accumulate.. If stablecoins keep flowing in while the price remains stuck, that’s when we should be cautious—it could mean large investors are quietly transferring their holdings..
The level truly worth watching is 87,570, the 2026 opening price.. It has capped BTC several times already. If BTC breaks through, the capital waiting on the sidelines above could very well move in..
On the other hand, if the lower boundary of the 82,500 zone breaks first, this story will take a different turn..
📊 进群看我盯的点
Over the past week, more than 23,137 BTC flowed out of Binance—the largest weekly net outflow since June 2023.. Looking at a longer timeframe, Binance’s Bitcoin reserves have fallen by nearly 40,000 BTC since September 20..
Many people’s first reaction is to panic, thinking that the whales are getting out.. But it’s actually the opposite: historically, withdrawing Bitcoin from exchanges has more often been seen as a sign of long-term holding than short-term selling.. CryptoQuant sees it the same way: withdrawals mean coins are being locked away in cold wallets, which reduces the selling pressure on the market..
Even more important is another data point.. During the same period, the amount of stablecoins deposited into Binance by large addresses increased noticeably. The 30-day rolling inflow rose from $21.7 billion in mid-August to $30.5 billion by the end of September, an increase of around 40%..
On one side, Bitcoin is leaving exchanges; on the other, stablecoins are lining up to enter.. Put these two things together, and the picture looks different: the money hasn’t left—it has just moved somewhere else to wait.. Stablecoins are dry powder; depositing them is like getting ready to pull the trigger..
The last time we saw a similar picture was in June 2023. Back then, weekly outflows came close to 45,000 BTC, and BTC then climbed from 26,300 to 30,500. That’s why some people are now comparing this market phase to the accumulation stage near the end of a bear market..
But there’s one detail we shouldn’t overlook.. Whale stablecoin inflows surged to a high of $61 billion in October, then declined steadily. The current rebound is climbing back up from a low, so its pace isn’t exactly the same as last time..
In other words, this looks more like a second entry than a first scramble to accumulate.. If stablecoins keep flowing in while the price remains stuck, that’s when we should be cautious—it could mean large investors are quietly transferring their holdings..
The level truly worth watching is 87,570, the 2026 opening price.. It has capped BTC several times already. If BTC breaks through, the capital waiting on the sidelines above could very well move in..
On the other hand, if the lower boundary of the 82,500 zone breaks first, this story will take a different turn..
