TL;DR
- Bitcoin trades above \$90,000 on November 29, 2025, recovering from a sharp mid-month correction
- On-chain analyst CryptoOnchain identifies a consolidation zone between \$70,000 and \$90,000
- Binance sees over \$2 billion in BTC inflows as profit-taking continues into the weekend
- Net stablecoin inflow on Binance stands at approximately \$735 million, signaling limited buying power
- Analysts watch the \$93,400 and \$102,400 monthly-close levels as critical thresholds
Bitcoin continues to demonstrate resilience above the psychologically important \$90,000 mark as the final weekend of November 2025 gets underway. The flagship cryptocurrency staged a notable recovery this week, bouncing back from a dramatic dip that saw prices briefly touch the \$82,000 level — the Point of Control (POC) on volume profiles — before reclaiming the six-figure threshold on Wednesday, November 26.
Recovery From October’s Largest Liquidation Event
Over the past week, Bitcoin has posted its strongest performance since the infamous October 10 downturn, which triggered the largest liquidation event in crypto history. Billions of dollars in leveraged positions were wiped out during that selloff, sending shockwaves across the digital asset market. Since then, Bitcoin has been clawing its way back, and the return above \$90,000 represents a significant psychological milestone for traders and investors alike.
The recovery, however, is not without its caveats. Despite the crowd returning with renewed hopes of the bull run resuming, several prominent on-chain analysts have raised flags about the sustainability of the current price action. The market remains in a delicate balancing act between bullish momentum and bearish pressure.
On-Chain Data Reveals Supply-Demand Imbalance
In a detailed analysis shared on November 28, on-chain analyst CryptoOnchain highlighted several concerning signals in Bitcoin’s current market structure. According to the evaluation, Bitcoin lost a significant support level at \$90,000 when it initially fell to around \$80,000 just a week ago. While the price has since bounced from the POC near \$82,000, the analyst noted that the market leader now faces potential rejection at its current level.
One of the most telling metrics is the flow of Bitcoin into Binance, the world’s largest cryptocurrency exchange by trading volume. CryptoQuant data reveals that Binance has received over \$2 billion worth of BTC in the past seven days alone. Such large exchange inflows typically indicate that holders are preparing to sell, which could put significant downward pressure on the price.
Compounding this concern is the relatively weak demand side of the equation. CryptoOnchain reported that the net stablecoin inflow on Binance stands at approximately \$735 million. With limited fresh capital entering the market, there is a clear supply-demand imbalance that could prevent Bitcoin from sustaining a breakout above the \$90,000 zone.
Consolidation Zone Takes Shape
Based on the on-chain data, CryptoOnchain concluded that Bitcoin has settled into what he describes as a “clear” consolidation zone between \$70,000 and \$90,000. While the current price sits above the upper boundary of this range, the analyst warned that the flagship cryptocurrency remains vulnerable to rejection and a potential pullback toward the middle of the range.
The \$82,000 level, which served as the POC during the recent volatility, represents the volume-weighted fair value of Bitcoin’s recent price action. In crypto trading, the POC indicates the price level with the highest trading activity within a given period, serving as a zone where buyers and sellers are equally matched.
Key Levels to Watch
Traders and analysts are closely monitoring several technical levels as November draws to a close. Analyst CrediBull Crypto has identified \$93,400 and \$102,400 as the two most relevant monthly-close thresholds. A close above \$93,000 would be interpreted as a modestly positive signal, while any monthly finish above \$102,000 would be considered very bullish for the medium-term outlook.
Bitcoin changed hands around \$91,450 in midweek trading, failing to break a resistance level just under \$92,000. The market’s inability to push through this near-term barrier suggests that bulls may need more conviction — and more capital — before a sustained breakout can materialize.
Why This Matters
Bitcoin’s ability to hold above \$90,000 despite significant selling pressure and a supply-demand imbalance speaks to the underlying strength of the market’s current cycle. The October liquidation event could have triggered a much deeper correction, yet buyers have stepped in at key levels, suggesting that institutional and long-term holders remain committed to their positions. However, the limited stablecoin inflows and heavy exchange deposits indicate that the path to new all-time highs may require a fresh catalyst — whether that comes in the form of renewed ETF inflows, a shift in Federal Reserve policy, or a broader macroeconomic tailwind. For now, the market watches and waits.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk, and past performance is not indicative of future results. Always do your own research before making investment decisions.
82K to 90K bounce in a week and people are calling it recovery. 2B in BTC inflows to binance says whales are selling the bounce not buying it
Feliks Z. exactly. the october 10 liquidation event wiped out leveraged longs and this bounce is just shorts covering. spot demand is still anemic above 90K
2B in BTC deposits to Binance for profit taking vs 735M stablecoin inflow. that ratio alone tells you who is in control right now
stable_usdc_ 2B in BTC deposits vs 735M stablecoin inflow. that ratio alone tells you whales are distributing into retail buys
bouncing between 70k and 90k for weeks with $2b flowing into binance for profit taking. not exactly a bullish setup tbh
$735m net stablecoin inflow is basically nothing. wheres the buying pressure gonna come from?
short_cover_ 735M stablecoin inflow vs 2B BTC inflow for profit taking. the ratio tells you everything about who is buying vs selling
short_cover_ 735M stablecoin is dry powder that never gets deployed. bears have ammo and 93.4K is the line for monthly close
short_cover_ 735M stablecoin inflow vs 2B in BTC deposits for selling. the buying power is absent. bears have the ammo
fiat escape 2B flowing into binance for profit taking while price bounces in a range. distribution not accumulation IMO
2B flowing into binance for profit taking while stablecoin inflow is only 735M. distribution not accumulation as li na said
Li Na 2B into Binance for profit taking tells you who is moving size. retail doesnt deposit that kind of BTC. whales are distributing
The $93,400 monthly close level is the one to watch. If we close a monthly candle above that, the path to six figures opens up technically. Below it, we revisit the POC.
Chris P. 93.4K monthly close is the level. above it six figures, below it back to the POC at 82K. simple binary setup
chris p is watching the right level. 93.4K monthly close is the line in the sand. above it we go six figures, below we retest the POC
93.4K monthly close is the level. above it the path to 102K opens. below it we are rangebound into year end
monthly close above 93.4K and we go six figures. below that its back to the 82K POC. simplest binary trade of the quarter
Georg Weiss 93.4K monthly close is the binary. close above it and 102K is in play, close below and 82K POC is your next stop
735M stablecoin inflow against 2B BTC outflow. the ratio is self-explanatory. bulls need real buying pressure not just liquidation cascades pushing price up
2B in BTC deposits to Binance against 735M stablecoin inflow. that ratio screams distribution. whales selling into the 90k bounce
Oct 10 liquidation set $82K as new POC. That shifts support structure more than analysts admit.
93.4K monthly close is the binary. above it six figures, below it back to 82K POC. simplest trade setup of Q4
Hans P. the 2B BTC inflow to Binance confirms distribution. nobody deposits that size to hold
2B in BTC inflows to Binance while stablecoin inflow is only 735M. that ratio screams distribution into the 90k bounce. bears have the dry powder