Bitcoin Declines Amid Whale Accumulation and ETF Outflows

Bitcoin fell 11.8% to $66,860 while ETH dropped 15.4% to $1,894.17 and SOL declined 16.2% to $75.56. Whales executed over $2B in BTC purchases across multiple high-volume addresses despite $1.28B in Bitcoin ETF outflows. XRP saw repeated exchange sells totaling $530.8M. Sentiment averaged -0.072 with 14 bearish articles driven by weak US jobs data and prediction market forecasts for further declines.

Market sentiment: Bearish

14 bearish articles outweighed 9 bullish ones as ETF outflows of $1.28B, weak jobs data, and prediction market downside bets dominated coverage. BTC-specific negative scores reached -0.80 on multiple days while whale accumulation provided limited counter-narrative. ETH and SOL price drops of 15.4% and 16.2% aligned with the broader risk-off tone.

Top news this week

• Bitcoin ETF Outflows Hit $1.28B As BlackRock Leads Weekly Losses (TronWeekly): Record weekly ETF redemptions signal institutional caution and add selling pressure on spot BTC holdings. This aligns with the 11.8% price drop and whale accumulation patterns suggesting distribution from ETFs to private wallets.
• Strive Reports $509M Q3 Profit, 15,124 BTC Bought in Oct (TheCurrencyA): Corporate treasury purchases of 15,124 BTC provide a counterbalance to ETF outflows and support long-term holder narratives. The scale indicates continued institutional accumulation even as prices fell.
• Prediction Markets Favor Another Drop as Year-End Bitcoin Price Forecasts Sour (BitcoinNews): Bearish market pricing reflects expectations of further downside below $70,000 amid macro uncertainty. This reinforces the observed 11.8% weekly decline and negative sentiment scores.
• IREN AI Cloud Revenue Hits $200M (TheCurrencyA): Diversification into AI cloud services by miners provides revenue stability as Bitcoin mining margins compress. This development supports BTC infrastructure players during price weakness.
• US Adds 165,000 Jobs in October, Fed Easing Uncertain (TheCurrencyA): Stronger-than-expected employment data reduces odds of near-term rate cuts, pressuring risk assets including crypto. The jobs print coincides with the start of the week's broad market selloff.
• TRON Treasury Surpasses 722M TRX As TRX Price Eyes Bullish Breakout To $0.34 (TronWeekly): Treasury growth to 722M TRX signals protocol-level accumulation and potential supply tightening. This contrasts with broader market weakness and XRP distribution patterns.
• Baby Doge Coin (BABYDOGE) Price Surges 15% after New DAO Proposal to Eliminate Transaction Tax (Coinspeaker): Tax removal proposal triggered short-term momentum in meme assets despite the wider 13.6% DOGE decline. It highlights governance-driven volatility in low-cap tokens.

Biggest whale movements

• BTC: accumulation, $835.5M. Single whale address executed 30 buys totaling $835.5M routed to unidentified destinations. Repeated flows from the same source indicate coordinated accumulation rather than internal shuffling.
• BTC: accumulation, $329.3M. 9 buys totaling $329.3M moved from the same whale address to a high-volume transactor holding 179,695 BTC. Pattern suggests treasury-style consolidation ahead of potential recovery.
• XRP: distribution, $530.8M. 32 sells totaling $530.8M originated from unidentified sources to exchanges. Consistent outflows point to profit-taking or liquidation pressure on XRP holdings.
• BTC: accumulation, $290.2M. 21 buys totaling $290.2M from mixed sources into unidentified wallets. Volume concentrated in the first half of the week before the steepest price drop.
• BTC: accumulation, $249.5M. 5 buys totaling $249.5M from the recurring whale address to another high-volume entity. Continued inflows to large holders despite 11.8% price decline.
• XRP: distribution, $54.9M. Multiple sells from Binance and Kraken totaling $54.9M. Exchange-bound flows indicate ongoing distribution by large XRP holders.

Price movers

• UNI -22.3%: Largest decliner as DeFi tokens faced broad liquidation pressure. Watch for support near $5.00 amid continued whale selling in related assets.
• SOL -16.2%: Solana dropped sharply with protocol pauses and macro risk aversion. Next key level is $70 if selling persists through month-end.
• XRP -15.5%: XRP weakness coincided with $530.8M in whale sells to exchanges. Volume suggests distribution may extend toward $0.90 support.
• WETH -15.5%: ETH-linked assets tracked the 15.4% ETH decline driven by ETF flows and macro data. Monitor $1,850 for potential stabilization.
• ETH -15.4%: ETH underperformed BTC by 3.6 percentage points amid DeFi liquidations. Key watch is whether it holds above $1,800 into next week.
• BTC -11.8%: BTC led the market lower on ETF outflows and jobs data. Accumulation by whales totaling over $2B may limit further downside below $65,000.

What to watch next week

Live whale flows, alerts and ORCA analysis at sonartracker.io/dashboard.

Week of Nov 7 – Nov 14, 2026. For information only; not financial advice.