Bitcoin distribution pressure is easing, marking a significant turning point during the ongoing crypto market correction. Recent data reveals that approximately 100,000 BTC has exited crypto exchanges between October and November 2025, a trend that indicates whales and mid-sized investors are entering accumulation mode.
Major Bitcoin Outflows Amid Bearish Price Momentum
As Bitcoin’s price drops to $93,248, a 27% decline from its October peak of $127,500, on-chain data showcases a dramatic reduction in selling pressure. Glassnode data indicates that BTC holders are opting for self-custody instead of selling, withdrawing significant amounts from exchanges.
This trend signals a behavioral shift, particularly among key investor groups. Smaller holders with less than 1 BTC, once heavy sellers, are now moving towards accumulation. Similarly, 1-10 BTC and mid-sized cohorts with 10-100 BTC or higher have pivoted from aggressive selling during rallies to consistent buying during the price dip.
Insights from Glassnode’s Cohort Analysis
Glassnode’s metrics suggest that Bitcoin holders across different categories are moving their coins into cold storage. This is demonstrated by the net exchange position change chart, which showcases red bars, or massive outflows, similar to patterns seen during major accumulation phases in 2024. In fact, this wave of withdrawals may be one of the largest in recent history.
During mid-2024, Bitcoin’s price surged from $70,000 to over $100,000, leading to green bars on the chart that indicated selling activity. However, the deep red bars recorded in late 2025 suggest the opposite—holders are now purchasing BTC and storing it long-term.
What This Means for Crypto Investors
The persistence of exchange outflows during a 27% market correction might reflect selling exhaustion. Instead of capitulating, investors now seem to prioritize accumulating BTC at lower prices. Whether this behavior will solidify a potential cycle bottom or indicate merely a pause in bearish trends remains to be seen.
Crypto Wallets for Self-Custody
If you’re considering following this trend and moving your Bitcoin off exchanges, selecting a high-quality cold or hardware wallet could be vital. The Ledger Nano X, for example, is a trusted hardware wallet popular among crypto enthusiasts. Its secure design ensures safe long-term storage for investors who want to shift to self-custody.
Conclusion
The ongoing outflows are an indicator of a significant shift in market dynamics. As whales begin accumulating and holders take their Bitcoin off exchanges, the market moves closer to a potential stabilization phase. While these trends are promising, investors should stay informed with continuous market analysis and choose secure storage solutions for their assets.
