Bitcoin today (27/04) stable as 35.000 BTC leaves Binance and Coinbase

Bitcoin (BTC) is trading at $94.050 on 27/04/2025, equivalent to approximately R$534,424.40 and €82.950 at the current exchange rate.

The continued rally that has driven BTC throughout the week lost steam on Friday, after the cryptocurrency peaked at $96.000 and has since retreated by around $XNUMX.

The bullish momentum began earlier this week when Bitcoin broke through the $86.000 resistance on Monday and continued its upward trend in the following days. The asset surpassed $90.000 on Tuesday and reached $92.000 on Wednesday. The peak came on Friday, with BTC hitting a two-month high just below $96.000.

Despite additional attempts over the weekend, Bitcoin failed to overcome this resistance and currently trades near $94.000. Its market cap has fallen below $1,870 trillion, while its dominance over altcoins remains at 61,3%.

In the altcoin market, selling pressure was even more intense in the last 24 hours, with significant drops in assets such as Solana (SOL), Dogecoin (DOGE), Cardano (ADA) and Shiba Inu (SHIB).

Still, sentiment among investors is increasingly bullish, driven by the continued withdrawal of large amounts of BTC from major centralized exchanges such as Binance and Coinbase in recent days.

Over 35.000 BTC left Binance and Coinbase

According to analysis published According to João Wedson, Binance — the world’s largest cryptocurrency exchange by volume — has seen strong withdrawal activity recently. Data reveals that on Friday (25) alone, around 27.750 BTC, valued at approximately US$2,63 billion, were withdrawn from the platform. This is the third largest net outflow of Bitcoin in the exchange’s history.

Large-scale withdrawals from exchanges, often moving funds to non-custodial wallets, are seen as a sign of growing confidence in BTC’s long-term potential. While Wedson cautioned that isolated outflows do not guarantee appreciation of the asset, he noted that such movements can anticipate moments of high volatility, often led by institutional investors.

The analyst also recalled past episodes, such as China's crackdown on cryptocurrencies in 2021, to show that even large withdrawals do not always prevent market corrections. On the other hand, he cited the case of the FTX collapse, when constant outflows preceded the formation of a bottom and the beginning of a new recovery trend.

Wedson reinforced that the most important thing is to observe the continuous trend of the net flow, and not to get caught up in specific events.

Meanwhile, Coinbase also saw significant outflows. According to Amr Taha, another CryptoQuant analyst, around 7.000 BTC, worth $66,5 million, were withdrawn from the exchange, which is traditionally known for serving institutional investors in the United States.