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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
11/12/2026

Bitcoin Exchange Transfers Show Heavy Losses Among Recent Buyers

What happened: Research cited approximately 47,300 BTC transferred to exchanges at a loss over a 24-hour window, against approximately 1,100 BTC transferred at a profit.

Bitcoin Exchange Transfers Show Heavy Losses Among Recent Buyers

What happened: Research cited approximately 47,300 BTC transferred to exchanges at a loss over a 24-hour window, against approximately 1,100 BTC transferred at a profit. Combined inflows were reported at roughly 48,500 BTC, valued near $3.6 billion, following major transfer waves on November 3 and November 10. Bitcoin had touched an 11-week low of $72,670, below the approximately $75,700 short-term-holder realized price.

Why it matters: Moving coins to an exchange can indicate preparation to sell, but it does not prove that every transferred coin was sold. The imbalance nevertheless points to substantial pressure on recent buyers, even as the supplied market snapshot shows a daily gain. Glassnode’s estimate that approximately 4 million BTC acquired by longer-term holders at $85,000–$118,000 are underwater adds a separate concern: a rebound could encounter holders seeking to recover their purchase costs, making a definitive bottom call premature.

Sources: Decrypt; Cointelegraph.