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The Bitcoin price has surpassed the psychologically important mark of $90 000, and the price of Ethereum has risen above $3000. Despite the recovery of the quotes, deeper market data shows a mixed picture.
The situation is characterized by simultaneously high selling pressure and large-scale asset withdrawals to cold storage.
According to reports from the analytical platform CryptoQuant, large deposits to exchanges reached 45% of the total volume of incoming Bitcoin transactions. The peak of activity occurred on November 21, when the volume of such operations amounted to 7000 BTC.
At the same time, a historic outflow of funds occurred. In one night, 1.8 million BTC were withdrawn from exchange addresses. Meanwhile, the reserves of stablecoins on the Binance platform grew to a record $51.1 billion, indicating tension among traders.
At the time of writing, Bitcoin is trading at $90 418, showing a daily increase of 3.12%. It is worth noting that the asset is still 30% below its all-time high of $126 080, reached on October 6, 2025.
Ethereum shows similar dynamics. The coin is trading at $3023.74, gaining 1.74% over the last 24 hours. The peak value for this asset was $4946.05 in August 2025.
The current increase was preceded by a correction during which the price of Bitcoin briefly fell to $80 000. This triggered a vigorous market reaction.
Trading volumes confirm high volatility: the daily turnover of Bitcoin reached $69.56 billion, while Ethereum reached $21.27 billion.
However, the price dynamics do not reflect the full extent of the situation. On-chain analytics indicate a complex environment where the actions of various groups of investors contradict each other.