Bitcoin Updates: Outflows in Bitcoin and Ethereum—Strategic Investment or Indication of Waning Interest?
Bitcoin and
Recent figures reveal that Bitcoin balances on exchanges fell by over $2 billion this week, representing one of the most substantial weekly outflows this year. The report highlights that this comes after a month marked by sharp price swings, including a mid-October plunge that wiped out billions in value. Ethereum mirrored this trend, with the second-largest crypto seeing $600 million in withdrawals, pointing to a notable change in investor sentiment.
Large holders appear to be behind much of the movement. Blockchain monitor Lookonchain identified two newly established wallets that withdrew 2,000
Yet, the timing of these withdrawals adds complexity to the story. Both
Sentora’s data also points to a slowdown in blockchain activity, with fewer transactions and a decline in active addresses. The report suggests this may signal a pause in speculative trading, though it’s still uncertain whether this marks a broader correction or just a brief consolidation.
Market participants are monitoring how these developments play out in November. While some interpret the outflows as a sign of growing institutional confidence, others caution that shrinking exchange liquidity could weaken short-term price support. The lack of major bullish drivers, such as regulatory breakthroughs or favorable macroeconomic trends, continues to fuel uncertainty.
