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COINTURK NEWS > Cryptocurrency News > Large Bitcoin Transfers to Major Exchanges Accelerate Price Drop
Cryptocurrency News

Large Bitcoin Transfers to Major Exchanges Accelerate Price Drop

In Brief

  • Bitcoin plunged below $60,000, triggering a steep correction and rising risk aversion among traders.

  • Large Bitcoin inflows into major exchanges fueled intense sell pressure, but soon tapered off.

  • Experts say recovering above $60,000 is key for stabilizing and sustaining market recovery.

Ömer Ergin
Ömer Ergin 2 months ago
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Bitcoin’s recent price slump gathered momentum on February 6, as the leading cryptocurrency dipped below the $60,000 threshold. This move marked a staggering loss of over 52% from its peak. The abrupt correction heightened risk aversion among both retail and professional cryptocurrency traders, according to observers in the sector.

Contents
Sudden Bitcoin Inflows to Exchanges Drive Sell-OffPost-Slump Sell Pressure EasesTechnical Shift and Bitcoin’s Psychological Threshold

Sudden Bitcoin Inflows to Exchanges Drive Sell-Off

On February 5, the cryptocurrency markets witnessed remarkable turbulence. That day, a hefty 25,000 Bitcoins were moved to Binance, the world’s largest centralized crypto exchange by trading volume. Meanwhile, Coinbase Advanced—a US-based platform popular among institutional and professional investors—saw an influx of 17,600 Bitcoins. Compared to the previous month, Bitcoin inflows into Coinbase Advanced surged fivefold.

Such substantial short-term transfers to exchanges signaled an increased tendency either to sell or to hedge positions. The simultaneous surges on both retail- and institution-focused platforms suggested that every investor group was drawn into this correction phase.

Post-Slump Sell Pressure Eases

Following the intense wave of transfer activity, Bitcoin inflows to exchanges declined sharply. Daily inflows to Binance dropped to 8,400 Bitcoins, while Coinbase Advanced saw its numbers fall to just 1,400. This translated to a threefold drop on Binance and a dramatic tenfold decrease on Coinbase Advanced.

The declining volume of Bitcoin sent to exchanges indicated that the initial rush to liquidate positions was waning. As overall transaction volumes shrank, short-term selling pressure in the markets also eased significantly.

Technical Shift and Bitcoin’s Psychological Threshold

Bitcoin’s slip below the $60,000 mark broke not only a key technical support but also a psychological barrier for the market. This steep pullback amounted to a major loss relative to the previous record highs. Yet, the swift reduction in Bitcoin flows to exchanges implied that the most intense phase of risk aversion was drawing to a close.

If current trends continue and exchange inflows remain contained, the correction—initially triggered by forced sales—could stabilize into a more balanced market environment. For the mild recovery of recent days to persist, however, it is seen as critical for Bitcoin to consistently stay above the $60,000 level.

Volatility remains elevated across cryptocurrency markets. Yet the slowdown in Bitcoin transfers to exchanges is feeding expectations that panic selling is subsiding and the market is inching closer to equilibrium.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 16 February, 2026 - 1:39 am 16 February, 2026 - 1:39 am
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