Bitcoin News Today: "Large Holders Accumulate Crypto During Withdrawals: Is the Market Signaling a Bottom or Facing Further Decline?"

The U.S.

and spot ETFs saw notable withdrawals last week, with $1.865 billion and $1.357 billion pulled out respectively, reflecting a change in investor sentiment during a broader market downturn. Blockchain analytics firm Sentora, previously known as IntoTheBlock, reported a sharp decrease in exchange balances for both assets. Bitcoin’s outflows represented one of the largest weekly movements this quarter, as detailed in a . The findings indicate that investors may be shifting their assets into long-term storage, moving away from active trading on exchanges.

These significant outflows followed a volatile October for cryptocurrencies, which ended with both Bitcoin and Ethereum recording losses for the month. Bitcoin finished October 2025 down 4% from its monthly opening price, ending a six-year run of positive October returns known as the “Uptober” trend. Ethereum performed even worse, closing 7.15% lower, according to the same TradingView report. The declines came after a sharp mid-month drop that unsettled investors, raising doubts about the persistence of the market’s usual seasonal strength.

Sentora’s analysis points to decreased activity on both the Bitcoin and Ethereum networks, with little evidence of the bullish momentum that often precedes year-end rallies. Still, some market watchers believe the outflows could signal increased confidence among major holders, or “whales,” who are opting for security over liquidity. According to whale monitoring service Lookonchain, two newly established wallets withdrew 2,000 BTC (worth $260 million) from Binance last week, a move interpreted as a shift to cold storage, as noted in the TradingView article. This trend is consistent with the behavior of institutional and high-net-worth investors seeking to protect themselves from market swings.

Ethereum’s outflows followed a similar pattern to Bitcoin, with $600 million leaving centralized platforms. Although Ethereum’s withdrawals were less severe, its recent performance has lagged, partly due to regulatory concerns and competition from other blockchains. The combined outflows from both assets point to a wider reassessment of risk in the crypto sector, with many investors choosing to wait for potential macroeconomic developments, such as decisions on interest rates by the Federal Reserve, the article noted.

Experts remain split on what these trends mean. Some interpret the withdrawals as evidence of long-term accumulation, while others caution that lower exchange activity could worsen liquidity issues. “The data shows a lack of immediate bullish drivers,” one analyst commented, adding that the market is still processing October’s setbacks. Attention now turns to whether these outflows mark the start of a market bottom or signal a deeper correction ahead for cryptocurrencies.