100K BTC Exit Exchanges, Distribution Pressure Eases Amid Bitcoin’s 27% Correction
Bitcoin distribution pressure is easing as approximately 100,000–120,000 BTC exited exchanges during the 27% price correction from October to November 2025. On-chain data from Glassnode indicates this large-scale exodus marks the second-largest weekly withdrawal wave of the year, matching outflows seen in December 2024.
This shift in Bitcoin distribution pressure coincides with a behavioral turnaround across holder cohorts. Smaller wallets (<1 BTC) have moved from selling to neutral or accumulation, while mid-sized (1–10 BTC) and larger holders (10–100 BTC, 100–1K BTC) now demonstrate persistent accumulation in Glassnode’s Trend Accumulation Score heatmap.
The withdrawal surge contrasts with early 2024 trends when inflows dominated during rallies. Despite Bitcoin’s price sliding from $127,500 to $93,248, strong hands moved coins into cold storage instead of panic selling. This suggests that distribution from profit-takers has largely exhausted itself and could mark a support zone.
For traders, sustained exchange outflows amid a correction often signal confidence among long-term holders. Continued accumulation may help stabilize prices or trigger a rebound. Monitoring exchange balances and cohort accumulation scores will be key to assessing the next market move.
Bullish
Whale-led outflows of 100,000–120,000 BTC during a 27% price correction indicate strong hands are absorbing supply, reducing selling pressure. Historically, similar on-chain patterns in December 2024 preceded a Bitcoin rebound as distribution exhausted and accumulation prevailed. The shift from red to blue in holder accumulation scores underscores a broad behavioral turnaround across cohorts. Continued exchange withdrawals suggest potential price support around current levels, dampening downside risk. In the short term, liquidity tightening on exchanges could trigger a relief rally as buy-side strength emerges. Over the longer term, sustained accumulation by mid-sized and large holders can establish a firmer market foundation, setting the stage for the next bullish phase. Hence, traders may view this development as a bullish indicator, signaling confidence among long-term investors and potentially marking a cycle low or pause before the next uptrend.