Opinion: CEX and Miner Reserves, Stablecoin Flows Show Funds Leaving the Market

By: theblockbeats.news|2025/11/04 20:17:42

0

Share

copy

BlockBeats News, November 4th, according to the research firm XWIN Analysis, Bitcoin CEX Reserves Increase for the First Time in Six Weeks, indicating that investors are moving Bitcoin back to CEX, which is usually a sign of profit-taking or risk mitigation. Historical data shows that this influx of funds indicates traders preparing for potential market fluctuations, adopting a defensive strategy.

At the same time, Miner Reserves have dropped to the lowest level since mid-2025, indicating that due to the suspension of energy subsidies and tax deductions during the government shutdown, miners are forced to sell Bitcoin to cover operating costs.

In addition, Stablecoin Withdrawal Volume from CEX Soars to a Historic High, highlighting funds shifting from risk assets to dollar-pegged safe-haven assets. In other words, liquidity is flowing back from the open market to stable value stores.

CEX reserves, Miner reserves, and Stablecoin withdrawals, these three metrics together form a consistent narrative: capital is fleeing risk, on-chain liquidity is contracting. Investor sentiment also reflects this dynamic. The "Fear and Greed Index" has dropped to "Extreme Fear" levels, echoing levels seen during the 2023 banking liquidity crisis.

XWIN stated that despite the Congressional Budget Office (CBO) predicting a brief rebound in the market once the government shutdown ends, on-chain data shows that the recovery of confidence and capital will take longer. For Bitcoin, this period is not simply a buying opportunity on the dip, but a stress test on conviction, liquidity, and patience in a market environment of fiscal dysfunction.

You may also like

WLFI at it Again? Banking License Controversy Amid $500M Investment

WLFI at it Again? Banking License Controversy Amid $500M Investment

The UAE's investment in World Liberty Financial has heightened concerns over whether it received special treatment and whether national security issues are involved

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?

Wall Street asset management giant Apollo Global Management invested $160 million in Morpho.

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Every trend here is affecting everyone's future survival.

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

The most important industry in the crypto world, only 300 kilometers away from the missile's impact point

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.

The little deer live by the water and grass

The little deer live by the water and grass

Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.

The world belongs to Chinese people who speak English

The world belongs to Chinese people who speak English

The world is vast, and only playing half of it is truly a loss.

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

It took Paradigm three years to emerge from the ruins of FTX.

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

This is more like a manifesto, discussing "the very reason we are here."

$1.3 Billion Debt: BitDeer Faces Tough Battle

$1.3 Billion Debt: BitDeer Faces Tough Battle

Wu Jihan is waiting for AI's money to catch up with the speed of debt.

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

In the AI Era, what is the most valuable thing?

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Emerging from the ruins of FTX, Paradigm took three years

Ethereum Unveils Scaling Roadmap, What's Different This Time?

Ethereum Unveils Scaling Roadmap, What's Different This Time?

Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.

WLFI at it Again? Banking License Controversy Amid $500M Investment

The UAE's investment in World Liberty Financial has heightened concerns over whether it received special treatment and whether national security issues are involved

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?

Wall Street asset management giant Apollo Global Management invested $160 million in Morpho.

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Every trend here is affecting everyone's future survival.

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

The most important industry in the crypto world, only 300 kilometers away from the missile's impact point

Popular coins

Latest Crypto News

00:00

Opinion: S1 Snapshot Completed and S2 Launched

BlockBeats News, March 1st, Opinion, the BSC ecosystem prediction platform, announced that "The S1 snapshot has been completed, and S2 is now officially launched.""From now until March 15, 15:59 (UTC), there is a 50% fee discount for a two-week period. The recent two weeks of PTS (February 15 to 28)...

00:00

The probability of a 25 basis point interest rate cut by the Federal Reserve in March is only 7.4%

BlockBeats News, March 1st, according to CME's "FedWatch," the probability of a 25 basis point Fed rate cut in March is only 7.4%, with a probability of no change at 92.6%.The probability of a cumulative 50 basis point rate cut by the Fed by April is 1.4%, a cumulative 25 basis point rate cut is 23....

00:00

Trump on the Hormuz Strait and Oil: Not Worried About Anything

BlockBeats News, March 1st, according to Fox News, U.S. President Trump referred to the Strait of Hormuz and oil, saying he is not worried about anything. (Xinhua)

21:43

Ministry of Foreign Affairs of China: Chinese citizens are advised not to travel to areas surrounding Iran at this time

According to Jinshi citing Xinhua News Agency, the United States and Israel have launched military actions against Iran, and the Iranian military has struck U.S. military bases in the Middle East. Some neighboring countries of Iran have closed their airspace, and international flights have been susp...

21:43

Data: The current whale position on the Hyperliquid platform is $2.936 billion, with a long-short ratio of 0.97

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $2.936 billion, with long positions of $1.448 billion, accounting for 49.3% of the holdings, and short positions of $1.489 billion, accounting for 50.7%. The profit and loss for long positions is -$116 mill...