Bitcoin distribution pressure eases as 100K BTC exit exchanges amid price correction

The cryptocurrency market, particularly for Bitcoin, often presents complex dynamics influenced by a myriad of factors. Recently, a significant shift in investor behavior has been observed, suggesting an easing of selling pressure despite a notable price correction. Data indicates that approximately 100,000 Bitcoins have been withdrawn from centralized exchanges, a development that often signals accumulation rather than continued distribution during periods of market volatility. This movement of a substantial amount of BTC off exchanges amidst a downward price trend provides a compelling narrative for market watchers.

Shifting Dynamics in Bitcoin Holder Behavior

On-chain analysis reveals a noteworthy change in the behavior of various Bitcoin holder cohorts. Tools like Glassnode’s Trend Accumulation Score by Cohort illustrate a transition among different groups of investors. Historically, periods of strong price rallies often see smaller holders, such as the “<1 BTC” cohort, engage in distribution – meaning they sell off their holdings. Conversely, larger entities or “whales” might accumulate during these times or periods of price dips.

Recent data from November 2025 indicates a shift across multiple segments. While October may have shown persistent selling from smaller holders, November has seen this group, along with those holding “1-10 BTC,” “10-100 BTC,” and even “100-1K BTC,” move towards accumulation. This implies that many investors, irrespective of their holdings, are choosing to acquire or hold onto their Bitcoin rather than sell it off, suggesting a long-term conviction in the asset’s value even amidst short-term price fluctuations.

Significant Bitcoin Outflows from Exchanges

One of the most compelling indicators of easing distribution pressure is the substantial outflow of Bitcoin from centralized exchanges. During October and November 2025, an estimated 100,000 to 120,000 BTC was withdrawn from these platforms. This massive exodus represents a significant move towards self-custody, where investors transfer their assets to private wallets, often for longer-term holding. Such large-scale withdrawals are often interpreted as a sign of reduced selling intent, as coins held on exchanges are typically more liquid and readily available for trading or selling.

This magnitude of exchange outflows is particularly notable, reportedly mirroring the scale of movements seen in December 2024, and ranking among the largest such instances in recent history. This pattern stands in stark contrast to earlier periods in 2024, where Bitcoin’s rally saw an increase in coins moving onto exchanges, indicative of potential selling pressure. The current reversal towards sustained outflows suggests that the period of aggressive selling by profit-takers may be nearing exhaustion, with new capital or strategic investors potentially entering the market.

Price Correction as an Accumulation Opportunity

The observed shift in Bitcoin distribution pressure coincides directly with a significant price correction. After peaking near $127,500 in late October 2025, Bitcoin experienced a notable decline throughout November, shedding approximately 27% of its value and testing support levels around $100,000, with current trading prices around $93,248. While such a correction can induce panic selling in some market participants, the concurrent exchange outflows and a pivot to accumulation among various holder cohorts suggest a different narrative is unfolding.

For many, a price correction represents an opportune moment to acquire assets at a lower cost. The accelerated outflows from exchanges precisely during this downward price movement indicate that a segment of the market views this as a chance to accumulate Bitcoin, moving it into colder storage rather than succumbing to selling pressure. This behavior typically points to a belief that the asset’s current valuation offers an attractive entry point for future appreciation, rather than a signal of further capitulation.

Conclusion

The recent market activity, characterized by a substantial 100,000 BTC exit from exchanges amid a price correction, paints a nuanced picture of Bitcoin’s current state. The shift in holder behavior, from widespread distribution to increasing accumulation across different cohorts, combined with significant outflows from trading platforms, suggests that selling pressure may be easing. This data indicates a potential move by investors to secure their assets for the long term, viewing the recent price decline as an opportunity rather than a cause for concern. As the market continues to evolve, these underlying shifts in supply dynamics will be crucial to monitor for insights into Bitcoin’s future trajectory.