Bitcoin and Ethereum Coinbase Inflows Drop 60% as Binance Surpasses

Bitcoin is likely to end the year negatively, raising concerns about a potential bear market. Analysts are monitoring liquidity and exchange flows for signs of change.

Arab Chain's analysis using CryptoQuant’s Exchange Inflow Value shows significant differences in liquidity patterns between exchanges.
As of November 24, Bitcoin traded around BTC$88,438 with Coinbase inflows at $21.0 billion and Binance at $15.3 billion.
This activity suggests portfolio rebalancing or hedging rather than accumulation.

Exchange Inflows Show Liquidity Tightening

By December 21, Bitcoin traded near BTC$88,635 with declining exchange inflows.
Coinbase inflows dropped over 60% to $7.8 billion, while Binance saw inflows of $10.3 billion, surpassing Coinbase.
This indicates concentrated trading on platforms favoring short-term positioning.

Overall, the market shows reduced turnover and lower urgency, with Bitcoin remaining range-bound despite shrinking inflows.

BTC Below Key Moving Averages; Trend Weakens

Bitcoin trades near BTC$87,900, below major daily moving averages, indicating a shift in trend dynamics.
The price failed to break above $110,000–$115,000, leading to a sell-off towards the mid-$80,000 range.
Volume behavior suggests dip-buying demand but not enough to shift the trend.

The $85,000–$88,000 area is crucial support. Failing to hold may lead to further retracement. Improving sentiment requires reclaiming $95,000–$100,000 and stabilizing above key averages.