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: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • 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: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

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

TOP 3 memecoin kriptovaliutos, kurių negalite praleisti

TOP 3 memecoin kriptovaliutos, kurių negalite praleisti

2025 metų liepa atskleidžia, kad memecoin kriptovaliutos vėl sugrįžta su trenksmu – bendras sektoriaus kapitalas mėnesio pradžioje išaugo nuo 55 mlrd. USD...

Tomas Jankūnas 1 hour ago

Oltre MicroStrategy: Le 10 Migliori Azioni con Strategie di Tesoreria in Crypto da Tenere d’Occhio

Con l’ascesa di Bitcoin e degli asset digitali nella finanza mainstream, un numero crescente di aziende quotate in Borsa sta...

clararosati 3 hours ago

Orbs Unveils Perpetual Hub Ultra to Bring Native Perps Trading to Omnichain DEXs

Orbs, the leading Layer-3 infrastructure provider, has unveiled Perpetual Hub Ultra as a whitelabel solution for decentralized exchanges. Perpetual Hub...

News BTC 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

GENIUS likumprojekts iziet cauri Kongresam, kamēr mēme monētu vērtība sasniedz 82 miljardus dolāru, ICO pārsniedz 2 miljonus.

lasma 1 hour ago
XRP and Dogecoin Skyrocket as U.S. Crypto Bills Pass — Here’s Why Everyone’s Hunting for the Best Crypto to Buy.

XRP and Dogecoin Skyrocket as U.S. Crypto Bills Pass — Here’s Why Everyone’s Hunting for the Best Crypto to Buy

Aaron Walker 2 hours ago
Dogecoin

Dogecoin Price Prediction: Expect 60% Liftoff If This Channel Breaks: Analyst

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • ChatGPT最新予測|次回FRB会合前に注目したい仮想通貨おすすめ銘柄

    ...

    3 minutes ago
  • Grokが選ぶ2026年までに10倍成長が期待できるアルトコイン4選

    ...

    11 minutes ago
  • Dự Báo Giá Bonk

    Dự Báo Giá Bonk: Liệu BONK Có Vượt Qua Pepe?...

    1 hour ago
  • Bitcoin Hyper

    Các đồng coin tiềm năng khi Bitcoin phục hồi...

    1 hour ago
  • XRP players must read: 2025 latest Cloud Mining plan, $6000...

    1 hour ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.