Long-Term Bitcoin Whales Transfer Coins at 4-Month High — Here’s Why Analysts Think It’s Bullish
Data reveals that long-term Bitcoin whales with wallets averaging 5-7 years previous have been shifting their Bitcoin to Binance at a fee final seen in July, when BTC entered a redistribution section earlier than reaching a $124,000 high a month later.
According to CryptoQuant data, Binance’s Exchange Spent Output Age Bands indicator rose on November 4th to a 4-month high, contributing to promoting strain that pushed Bitcoin down over 8% previously week.
However, analysts stay bullish on Bitcoin’s mid-term outlook.
Analysts Say Bitcoin’s Whale Transfer Is “Quiet Redistribution”
When long-term whales transfer cash to exchanges like Binance, it usually indicators their readiness to take earnings or reallocate positions after extended inactivity, which is barely a short-term warning signal.
According to ArabXchain, Bitcoin holding close to $106,000, regardless of these whale actions, confirms that the market is experiencing quiet redistribution, not a sell-off.
Older Bitcoin Wallets Move Coins to Binance at Highest Level Since July
“If stability between older deposits and constant demand from newer maturities persists, we could witness an upward worth accumulation within the coming weeks” – By @ArabxChain
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https://t.co/OXiyM3aLpH pic.twitter.com/qen7Zen1U5
— CryptoQuant.com (@cryptoquant_com) November 10, 2025
“If the stability between older deposits and constant demand from newer maturities persists, we could witness upward worth accumulation within the coming weeks.”
Despite the sharp decline in Bitcoin’s worth because the begin of November, analysts additionally observe a bullish sample.
Inflows into “permanent holder” wallets, addresses with no outflows proceed rising steadily.
The realized worth of long-term holders has climbed to round $78,520, indicating that establishments, funds, and whales are accumulating even at increased worth ranges whereas stronger arms take up short-term promoting strain.
MAC_D analyst on CryptoQuant notes {that a} true bear market would start provided that Bitcoin breaks under the associated fee foundation at $78,500.
“In the quick time period, elements reminiscent of a possible U.S. authorities shutdown, fairness market corrections, and elevated Korean premium might result in further volatility.”
Trump’s $2,000 Stimulus Check Could Pump BTC By 50% in 6 Weeks
That stated, the market is now getting into a section of liquidity enlargement, supported by rate-cut expectations, the top of quantitative tightening (QT), and rising M2.
After 40 days of impasse, reports circulating now present that the U.S. authorities shutdown is perhaps coming to an finish.
The US Senate voted 60-40 to advance a invoice in a significant breakthrough to finish the historic shutdown.
Polymarket merchants now believe the shutdown will finish throughout the subsequent 3 days.
President Trump not too long ago announced the “tariff dividend,” distributing at least $2,000 per American to 85%+ of adults, totaling $400+ billion.
When this occurred throughout COVID, most Americans invested in crypto.
Within 6 weeks, BTC pumped 50% from $6,800 to $10,000, and throughout the broader 2020-2021 run, BTC went from $3,850 to $69,000, and the whole crypto market cap surged from $180B to $3 trillion.
Technical Analysis: $108K Breakout Could Send Bitcoin to $112K
On the technical entrance, the Bitcoin (BTC/USDT) 1-hour chart exhibits the value consolidating across the $105,970 stage after rebounding from a key assist zone close to $104,900, recognized because the Potential Reversal Zone (PRZ).
This space aligns with the cumulative lengthy liquidation leverage zone, suggesting a area the place promoting strain has probably eased and patrons are beginning to regain management.
Above the present worth, Bitcoin faces a cluster of resistance zones between $108,000 and $112,000, which additionally coincide with areas of cumulative quick liquidation leverage.
The $108,246 stage marks a big 38.2% Fibonacci retracement level; a break above it might sign renewed bullish momentum and open the trail towards increased resistance ranges close to $110,000.
Overall, the short-term outlook leans cautiously bullish so long as BTC holds above the PRZ and $104,900 assist space.
However, failure to maintain this stage might set off a retest towards $103,000. A clear breakout above $108,000 would strengthen the case for a development reversal towards $112,000.
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