Nov 07, 2025

Bitcoin Binance Withdrawals Quadruple as Top Analyst Warns BTC Could Slip to $56,000

TLDR: Binance Bitcoin withdrawals have quadrupled since October 29, signaling unusual market activity. Bitcoin trades near $99,679 after a 9.66% weekly decline, according to CoinGecko data. Analyst Mike McGlone warns BTC could revert to its 48-month average around $56,000. Rising withdrawals hint at growing investor preference for long-term holding amid volatility. Bitcoin withdrawals from Binance [...]

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Source: Blockonomi →