Over 580,000 BTC Withdrawn in Just Six Days: Is Bitcoin Poised for a Major Surge?

Recently, over 580,000 BTC has exited various exchanges in less than a week, which raises questions regarding Bitcoin’s future trading actions. This significant withdrawal, largely attributed to whale activity, comes at a time when Bitcoin is attempting to retest essential resistance levels.

Exchange Withdrawals Highlighted

According to data from CryptoQuant, exchange reserves for Bitcoin have decreased sharply, dropping from approximately 2.4 million BTC to 1.82 million BTC between November 21 and November 27, 2025. This nearly 580,000 BTC outflow is one of the most substantial observed this year, stirring conversations across trading platforms.

Bitcoin is currently trading around $91,700, reflecting a 6% increase within the last day, even though it remains approximately 27% lower than its peak of over $126,000 reached in early October.

Movement of Larger Wallets

This drop in reserves aligns with a trend of increased withdrawals from exchanges. Notably, larger wallet holders might be moving their Bitcoins into custody solutions or cold storage systems.

CryptoQuant Data Visualization Source: CryptoQuant

Additionally, on-chain metrics indicate a rise in newly recorded wallets holding a minimum of 100 BTC since November 11, implying diminishing engagement from smaller retail investors.

Examination of Derivatives Data

Bitcoin’s funding rates in derivatives markets have recently turned negative, indicating a potential reset wherein long positions are decreasing, and short positions might be on the rise. It’s crucial to watch the key price levels between $89,000 and $91,000 as they have historically acted as critical thresholds for Bitcoin, suggesting traders should remain vigilant.

Notable Quotes

“Spot selling pressure is easing significantly compared to the two weeks prior.”