Analysts noted that such large transfers often signal selling pressure, and the latest downturn highlights how global economic developments continue to influence digital assets. The Bitcoin price analysis shows that traders are closely watching both macroeconomic signals and on-chain activity.
Heavy inflows trigger market anxiety
Data revealed that more than 10,000 BTC, valued at approximately $1 billion, were deposited onto exchanges within just 72 hours. Historically, such movements precede sell-offs, as investors typically store their holdings in cold wallets unless they intend to trade.
The influx pushed Bitcoin down from $107,000 earlier in the week to $94,000 by Sunday, marking the second test of this critical support level in less than three days. Market watchers described the decline as a short-term correction, but the scale of inflows suggests heightened volatility ahead.
Trade deal optimism meets crypto caution
While Bitcoin faced selling pressure, broader sentiment remained mixed. U.S. Treasury Secretary Scott Bessent hinted that a trade deal with China could be finalized before Thanksgiving, a development that many investors see as a potential boost for global markets.
However, crypto traders remain cautious, balancing optimism about easing trade tensions with concerns over liquidity and profit-taking.
“Large exchange inflows are always a red flag,” one analyst explained, adding that the timing of the transfers suggests investors are preparing to cash out despite positive macroeconomic news.
Main source and expert commentary
According to CryptoPotato, the latest downturn underscores how sensitive Bitcoin remains to both investor behavior and geopolitical developments.
The report highlighted that more than $100 million in long positions were liquidated within an hour of the price drop, amplifying the sell-off.
Analysts argue that while the long-term outlook for Bitcoin remains bullish, short-term corrections are inevitable when large volumes hit exchanges during uncertain economic periods.
Implications for investors
The fall to $94,000 serves as a reminder that Bitcoin’s price is closely tied to both on-chain activity and global events. With $1 billion in BTC hitting exchanges and a major trade deal on the horizon, traders are bracing for further swings.
Whether the US-China agreement restores confidence or triggers more volatility, the coming weeks will be crucial in determining Bitcoin’s trajectory as it balances macroeconomic optimism with market caution.
