NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Bitcoin Miner Outflows a Grave Sign for BTC Despite $11,000 Breakout

Cole Petersen
Cole Petersen
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin has seen some intense strength throughout the past several days, with the cryptocurrency marching from lows of $9,900 to highs of over $11,000 that were set today.

This strength is somewhat unique in that BTC is the only major cryptocurrency currently marching higher, as most others are stuck within consolidation phases or downtrends.

Ethereum, for instance, is still trading well below its key $380 resistance level, with each attempt to surmount it resulting in strong selloffs.

The weakness seen by ETH – relative to that seen by the benchmark crypto – has largely come about as the result of the DeFi sector’s ongoing downtrend, which has created a headwind for Ethereum.

Although Bitcoin does appear to be benefitting from this ongoing altcoin exodus, analysts are noting that a spike of BTC from miners into exchanges seems to indicate that a selloff could be imminent.

One trader is noting that he expects the benchmark cryptocurrency to extend its recent weakness slightly further before finding enough strength to reverse its downtrend.

Bitcoin Flashes Mixed Signs as Analysts Watch for Reaction to $11,200 

At the time of writing, Bitcoin is trading up over 2% at its current price of $11,015, which is around where it has been trading for the past few hours.

This is around where it faces strong resistance, with many analysts setting their sights on a move up towards $11,200 before it rejects and potentially plunges lower.

While speaking about this, one analyst explained that a rejection at this price region would be grim, whereas a break above it could lead to significantly further upside in the days and weeks ahead.

“BTC: Still below previous range before the drop and want to see price move back up over $11,200. Will watch for a potential rejection at this level. But closing back above $11ks is what I’m looking for next. A breakdown to low $10ks likely leads lower (CME gap $9600s),” he said.

Bitcoin

Image Courtesy of Josh Rager. Chart via TradingView.

Miner Exchange Outflows a Bearish Sign for BTC

Another analyst explained that although he is bullish on Bitcoin in the mid-term, he still expects it to see some further weakness in the short-term due to a spike in miner exchange inflows.

“I’m bullish on Bitcoin and ETH midterm/longterm, but I don’t think last week’s correction is over. Big spike in Miners to Exchanges,” he said.

Image Courtesy of Cole Garner. Chart via Glassnode.

Because miners might sell into the liquidity created by this ongoing upswing, there’s a strong chance that further downside is imminent in the near-term.

Featured image from Unsplash.
Charts and pricing data from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Trump crypto project crasht - red WLFI buyback de koers?

Trump crypto project crasht na lancering – red WLFI buyback programma de koers?

Trump crypto kreeg een harde klap na de start. De WLFI token dook omlaag en herstelde daarna licht. De koers...

Lars Diederiksen 1 hour ago
트럼프 지원 비트코인 채굴사, 9월 나스닥 상장 눈앞

트럼프 지원 비트코인 채굴사, 9월 나스닥 상장 눈앞

헛8(Hut8)의 최고 경영자 애셔 게누트(Asher Genoot)에 따르면, ‘아메리칸 비트코인(American Bitcoin)’이 이번 달 나스닥 상장을 ...

Soyeon Lee 3 hours ago
CoinPoker

CoinPoker готовит крупнейшую серию CSOP Fall с гарантиями на $6 млн

С 7 по 29 сентября 2025 года онлайн-покерная платформа CoinPoker запускает крупнейшую в своей истории серию Coin Series of Online...

daria 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

DEX Volume Surpasses $1T in August

Dex Volume Hits Over $1T in August: Why Best Wallet Token Stands To Gain

Aaron Walker 6 minutes ago

Top 3 kryptomeny na investovanie v septembri 2025

Nina Šefčíková 20 minutes ago
Ethereum Demand Spikes As Whales Add 260K ETH In 24 Hours

Ethereum Demand Spikes As Whales Add 260K ETH In 24 Hours

Sebastian Villafuerte 53 minutes ago

Premium Sponsors

Press Releases

  • O singură criptomonedă de cumpărat înainte să crească cu 3.536% — potrivit lui Cathie Wood de la ARK Invest

    O singură criptomonedă de cumpărat înainte să crească...

    31 minutes ago
  • Топ криптовалутата №1 за купуване преди да скочи с 3 536% според Кати Ууд от ARK Invest

    Топ криптовалутата №1 за...

    35 minutes ago
  • CryptoMiningFirm Launches First XRP, BTC Mobile App: Earn...

    1 hour ago
  • miner

    Fleet Miner launches “zero threshold cloud...

    2 hours ago
  • BAY Miner Launches Mobile App, Transforming Smartphones...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.