Bitcoin Updates: Major Holders Accumulate $260M in Bitcoin While ETFs See $799M Withdrawn

Bitget App

Trade smarter

Bitget

News

Markets

Bitcoin Updates: Major Holders Accumulate $260M in Bitcoin While ETFs See $799M Withdrawn

Bitget-RWA2025/11/03 12:32

By:Bitget-RWA

- Bitcoin, Ethereum, and XRP fell in early November amid waning demand, ETF outflows ($799M for Bitcoin), and $2.6B in exchange withdrawals linked to whale activity. - Technical indicators showed bearish signals: Bitcoin below key EMAs, Ethereum near $3,700 support, and XRP's open interest declining as pressure mounted. - Despite short-term selloffs, Ethereum ETFs saw $9.6B Q3 inflows, while structural bulls controlled 68.6% of Bitcoin supply, hinting at potential accumulation phases. - Macroeconomic risks

Bitcoin,

Ethereum

, and

XRP

continued to decline in early November as both institutional and retail interest in cryptocurrencies diminished, influenced by broader economic uncertainty and changing investor attitudes. This downward movement aligned with notable withdrawals from U.S. spot ETFs and significant outflows from centralized exchanges, hinting at a possible transformation in market behavior,

according to FXStreet

Spot

Bitcoin

ETFs saw net outflows totaling $799 million last week, based on SoSoValue data, with BlackRock's IBIT alone experiencing $290.88 million in redemptions in a single day—the largest since early August,

as reported by Yahoo Finance

. Ethereum ETFs also recorded $98 million in outflows on Friday, marking a third consecutive day of losses. At the same time, $2.6 billion in Ethereum options expired on Deribit, with a put-to-call ratio of 1.91 and prices falling below the "max pain" threshold of $4,100,

TradingView observed

Blockchain data from Sentora indicated that both Bitcoin and Ethereum saw large-scale withdrawals from exchanges during the week ending October 31, amounting to $2.6 billion and $600 million, respectively. Such movements, often linked to whale activity, imply a preference for long-term holding over frequent trading. Lookonchain data pointed out that two new wallets withdrew 2,000 BTC ($260 million) from Binance, highlighting a trend of declining exchange liquidity,

as noted by NewsBTC

Technical analysis further supported the bearish outlook. Bitcoin dropped below $108,000, losing support from key moving averages such as the 50-day EMA ($112,477) and 200-day EMA ($108,373), while a "Death Cross" emerged as the 50-day EMA neared the 100-day EMA,

TradingView reported

. Ethereum hovered around $3,700, with its RSI at 39 and the 200-day EMA providing crucial support at $3,608. Meanwhile, XRP struggled below $2.50, with open interest (OI) falling from a monthly peak of $3.66 billion to $3.49 billion, as

Bitget reported

Despite the recent wave of selling, Ethereum ETFs attracted $9.6 billion in new investments during Q3 2025, surpassing Bitcoin's $8.7 billion inflows. Solana's spot ETF, Bitwise's BSOL, also brought in $417 million, drawing attention amid the broader trend of crypto outflows,

TradingView reported

. Analysts pointed out that significant Ethereum withdrawals often precede accumulation periods, suggesting possible buying opportunities ahead.

Macroeconomic influences, such as the U.S. Federal Reserve's postponed rate cuts and renewed trade disputes, intensified risk-averse behavior. Nevertheless, a trade deal between the U.S. and China in early November offered a brief lift, sending Bitcoin back toward $110,000,

The Block reported

. Timothy Misir from BRN commented that the market is still in a "digestion phase," but long-term bulls remain, with whales holding about 68.6% of Bitcoin's total supply.

Looking forward, the potential approval of seven U.S. spot XRP ETFs—considered 99% likely by year-end—could bring renewed demand to the market. Additionally, Ripple's XRP Ledger (XRPL) achieved 8.9% quarter-over-quarter growth in transaction volume, reaching $1.8 million, while institutional investors like SBI, with a $10 billion XRP holding, demonstrate rising corporate confidence.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- Hong Kong and Brazil conduct blockchain-powered cross-border trade settlement via Chainlink, reducing risks. - The pilot, involving Banco Inter and regulators, tests DvP/PvP models to automate transactions. - Analysts highlight potential $15 price target for LINK as adoption grows, boosting institutional interest. - Hong Kong's Fintech 2030 strategy and regulatory moves aim to position it as a digital asset hub. - The success may expand to more institutions, enhancing blockchain's role in global trade fi

Bitget-RWA•2025/11/03 19:38

Hong Kong and Brazil Forge Blockchain Agreement, Transforming International Trade Finance

Hyperliquid News Today: Abraxas Capital's $760M Short Position Points to an Uncertain Path Ahead for HYPE

- Hyperliquid's HYPE token faces potential 50% price drop due to bearish indicators like growing short positions and competition. - Abraxas Capital's $760M short positions on BTC/ETH and individual traders' aggressive shorting amplify downward pressure risks. - Pump.fun's $1.42M 24-hour revenue surge threatens Hyperliquid's dominance in DeFi derivatives market. - $1B fundraise raises valuation concerns as critics question HYPE's $305M reserves vs 12.6M circulating tokens. - Forrester's AI investment foreca

Bitget-RWA•2025/11/03 19:38

Hyperliquid News Today: Abraxas Capital's $760M Short Position Points to an Uncertain Path Ahead for HYPE

Cardano News Update: ADA's $0.60 Support at Risk as Large Holders Intensify Bearish Momentum

- Cardano (ADA) fell below $0.58 amid whale sell-offs and weak trader sentiment, signaling broader bearish momentum. - Whale activity drove 100M+ ADA offloads, pushing price below 200-day EMA and triggering 10-15% correction risks. - Technical indicators (RSI=32, ADX=43.21) and declining active addresses (24,280) confirm downward pressure. - Founder Charles Hoskinson blamed community inaction for DeFi struggles, worsening near-term uncertainty. - Short positions dominate (2.8:1 ratio) with key support at $

Bitget-RWA•2025/11/03 19:20

Cardano News Update: ADA's $0.60 Support at Risk as Large Holders Intensify Bearish Momentum

Bitcoin Updates Today: Slower Bitcoin Accumulation Drives Broader System Integration Efforts

- Coinbase's Q3 2025 BTC purchase (2,772 BTC) and $1.9B revenue surge highlight institutional growth amid Trump-era regulatory support. - Broader slowdown in institutional BTC buying, ETF outflows, and geopolitical risks temper bullish momentum despite CEO's commitment. - MicroStrategy's Saylor predicts $150k Bitcoin by year-end, citing SEC tokenized securities progress, but faces stock declines mirroring BTC's dip. - Miners pivot to AI infrastructure, diversifying revenue as Bernstein upgrades valuations

Bitget-RWA•2025/11/03 19:20