Bitcoin’s recent pullback toward the $93,000 level has been driven mainly by short-term market participants, according to new analysis released today by CryptoQuant. The firm noted a widening divergence between activity on Binance and behavior in institutional channels.
Data shows that Bitcoin inflows to Binance surged from 5,500 BTC to nearly 15,000 BTC on November 14, reflecting selling pressure from traders unwinding long positions. The Binance BTC RHODL Inflow indicator also signaled a rise in younger coins entering the exchange, while inflows of older coins almost disappeared — evidence of panic selling by short-term holders.
In contrast, OTC desk balances climbed to roughly 156,000 BTC after increasing by 7,300 BTC over the past month, reaching their highest level since August. CryptoQuant indicated that this pattern suggests steady institutional absorption, with no signs of selling during the downturn.
The Accumulator Addresses Demand indicator has surpassed 352,000 BTC, with its 30-day moving average trending upward, pointing to continued accumulation from long-term investors.
Source: CryptoQuant
Disclaimer: This flash news report is based on official and publicly available information. It does not constitute financial advice or investment guidance. Always verify through official channels before making decisions.
