Bitcoin's ten largest withdrawal transactions on Binance have climbed above 15,000 BTC, according to analyst Darkfost, who traced the development in a post on X. The increase extends a months-long rise in the size of the exchange's largest withdrawals, which have set successive highs across a price decline, a bear-market bottom, and a recovery phase.

The pattern comes as Bitcoin trades near $81,000, below both its 50-day and 200-day moving averages, and as total monthly outflows from the exchange have climbed toward 30,000 BTC. Exchange flows are among the most closely followed on-chain metrics, since coins held on an exchange remain readily available for trading while withdrawn coins move into private wallets.

Successive Highs Across Market Phases

Darkfost reported that Binance's ten largest Bitcoin withdrawals have grown steadily over recent months. In February, when Bitcoin fell below $70,000 and touched $62,000 amid a price decline, the largest withdrawals reached between 6,000 and 8,000 BTC.

During the summer period associated with the current bear market bottom, another spike approached 10,000 BTC. From late September onward, withdrawals increased further, exceeding 15,000 BTC.

Each phase recorded larger transactions than the previous one, despite markedly different market conditions. The trend has now appeared during a price decline, a market bottom, and an early recovery alike.

Monthly Outflows Climb Toward 30,000 BTC

Total outflows from Binance have risen alongside the larger individual transactions. The exchange's monthly average climbed from 18,459 BTC in mid-August to nearly 30,000 BTC, indicating increased withdrawal activity overall.

Binance ranks among the largest cryptocurrency exchanges by trading volume, which makes its reserve and flow data a widely used reference point for gauging exchange-wide activity. According to Darkfost, the figures suggest increased buyer activity alongside a changing transaction profile. Large withdrawals now make up a growing share of exchange activity, while smaller transactions typically associated with retail participants account for a diminishing portion.

Bitcoin Trades Below Key Moving Averages

Bitcoin recently traded near $81,000 after pulling back from peaks around $86,000–$87,000 in September and October. Its price sits below the 50-day moving average near $82,800 and the 200-day average around $82,400 — two of the most widely watched trend indicators in technical analysis, used to track medium- and long-term momentum.

The 50-day average still holds slightly above the 200-day measure, but further declines could produce a bearish crossover if the shorter-term average slips beneath the longer-term one — a pattern commonly known as a death cross. Resistance is concentrated between $82,400 and $82,800, where the two averages could cap recovery attempts. A sustained move above that range could open the path toward $84,000–$86,000, with stronger resistance waiting near $87,000.

$80,000 in Focus as Support Zone

On the downside, $80,000 remains a key psychological level, with potential support between $76,000 and $78,000. Rising selling volume during a break below $80,000 could add downward pressure, according to the analysis. Conversely, reclaiming both moving averages would strengthen the recovery outlook.

Bitcoin's recent trajectory underscores the significance of these levels: the asset fell toward $60,000 in June, consolidated between roughly $60,000 and $65,000 through August 21, and then broke above $75,000 around August 22. As price action tests these zones, updates to Binance's withdrawal sizes and monthly outflow totals offer a running read on how the transaction mix around the exchange evolves.