Whalio’s Binance spot data showed $141.2 million more aggressive buying than selling on November 4, when the buy-side share of trading volume reached 54%.
By late November 5, spot sellers exceeded buyers by 10.8% of turnover over 24 hours, among the strongest selling imbalances of the past month. Futures sellers led by 1.8% of their market’s turnover, although futures volume was much larger.
Spot Bitcoin Traders Sold Significantly in the First Week of November. Source: Checkonchain
Binance perpetual futures open interest also fell 7.1%, indicating positions were being closed.
The data confirms aggressive spot selling alongside leveraged position unwinding, although it cannot establish which market triggered the crash.
Did BlackRock and Trump Media Sell Bitcoin?
BlackRock’s IBIT recorded $201.2 million in ETF outflows on Wednesday, extending its four-day withdrawal streak. However, US Bitcoin ETFs collectively attracted $74.6 million that day, largely through Fidelity.
Meanwhile, wallets linked to Trump Media transferred 4,259 BTC, worth roughly $342 million, to Crypto.com.
The transfer raised selling fears, particularly ahead of a November 30 debt repayment window. No sale has been confirmed.
What’s Next for Bitcoin Price?
Bitcoin is testing the psychologically important $75,000 level. A decisive break could expose the 200-day moving average near $73,200.
To rebuild confidence, Bitcoin needs to reclaim $80,000, then push beyond approximately $81,300, the 30-day moving average identified in Reuters’ technical analysis.
For now, the next recovery depends on stronger spot demand and whether Wall Street’s AI selloff stabilizes.
#BTC #Spot #BlackRock
$BTC
By late November 5, spot sellers exceeded buyers by 10.8% of turnover over 24 hours, among the strongest selling imbalances of the past month. Futures sellers led by 1.8% of their market’s turnover, although futures volume was much larger.
Spot Bitcoin Traders Sold Significantly in the First Week of November. Source: Checkonchain
Binance perpetual futures open interest also fell 7.1%, indicating positions were being closed.
The data confirms aggressive spot selling alongside leveraged position unwinding, although it cannot establish which market triggered the crash.
Did BlackRock and Trump Media Sell Bitcoin?
BlackRock’s IBIT recorded $201.2 million in ETF outflows on Wednesday, extending its four-day withdrawal streak. However, US Bitcoin ETFs collectively attracted $74.6 million that day, largely through Fidelity.
Meanwhile, wallets linked to Trump Media transferred 4,259 BTC, worth roughly $342 million, to Crypto.com.
The transfer raised selling fears, particularly ahead of a November 30 debt repayment window. No sale has been confirmed.
What’s Next for Bitcoin Price?
Bitcoin is testing the psychologically important $75,000 level. A decisive break could expose the 200-day moving average near $73,200.
To rebuild confidence, Bitcoin needs to reclaim $80,000, then push beyond approximately $81,300, the 30-day moving average identified in Reuters’ technical analysis.
For now, the next recovery depends on stronger spot demand and whether Wall Street’s AI selloff stabilizes.
#BTC #Spot #BlackRock
$BTC