Bitcoin Stabilizes Near $94K as Exchange Inflows Spike

Bitcoin is trading near $94k. Stabilizing after a volatile stretch that saw the price swinging sharply before entering a tighter consolidation range. While short-term momentum slowed down, exchange activity remains elevated, keeping market participants focused on liquidity movements.

Despite a 1.5% weekly pullback, Bitcoin continues to hold above the psychologically important $90k level, with both inflows and outflows suggesting active repositioning rather than broad risk-off behavior.

At the time of writing, BTC’s circulating supply remains close to 19.97 million BTC, keeping available spot liquidity structurally constrained even as exchange activity increases.

On the daily chart, Bitcoin managed to rebound from the $85k level and is now consolidating within a range that has attracted consistent participation from large market participants.

Inflows Increase Without a Clear Direction

Data from CryptoQuant shows a noticeable rise in exchange inflow across all exchanges on the daily timeframe. Moreover, several inflow spikes exceed 80,000–100,000 BTC. Levels historically associated with heightened liquidity events.

However, inflows alone do not imply selling pressure. During previous consolidation phases, similar inflow expansions coincided with internal exchange transfers, and derivatives positioning rather than immediate spot distribution.

On a separate note, exchange outflows have also remained active, with daily totals frequently ranging between 5,000 and 20,000 BTC. Therefore, this behavior suggests balance and not necessarily capitulation.

Therefore, it adds value to the perspective that the current phase reflects redistribution within the market.

*Bitcoin exchange outflows on Binance show continued withdrawals during price consolidation near **$92,000**, indicating active repositioning rather than one-sided distribution.*

Technicals Show Continued Whale Participation

The Bitcoin Exchange Whale Ratio on Binance remains elevated, frequently oscillating between 0.35 and 0.55 on the daily timeframe. Which could potentially indicate that a significant share of exchange inflows continues to originate from large holders, even as price action compresses.

At the same time, exchange netflow data shows alternating positive and negative readings, with recent values clustering near neutral. Moreover, it could support the idea that whales are actively managing risk without expressing a clear directional bias.

With price holding above $93,000 and large entities remaining engaged, Bitcoin’s market structure currently reflects active positioning over trend continuation.