Coinbase Wallet Rebalancing Triggers False Sell-Off Claims, Here's How

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Bitcoin (BTC) has witnessed price fluctuations as the market battles volatility and selling pressure. A recent move by the Coinbase exchange might have been responsible for the recent price outlook of the flagship cryptocurrency asset. Institutional Bitcoin researcher at CryptoQuant, Axel Adler Jr., noted that the exchange recently triggered an artificial spike in on-chain metrics. Advertisement How distorted on-chain metrics created sell pressure Notably, Coinbase moved about 800,000 BTC inside its own system. This transfer, worth around $68 billion, was interpreted by market participants as a sell move. It made the market react as investors speculated that long-term holders (LTH) were selling their BTC as a result of price volatility. The development further worsened the price outlook for Bitcoin as some traders panicked and decided to offload their holdings as well. Coinbase Wallet Rebalancing Created Illusion of Largest LTH Sell-Off Technical transfer of ~800K BTC within Coinbase triggered artificial spike in on-chain metrics by ~$68B, though no actual sales occurred. https://t.co/KJ1Z0LjC77 — Axel 💎🙌 Adler Jr (@AxelAdlerJr) November 27, 2025 In reality, however, no Bitcoin was sold by Coinbase. The exchange merely engaged in the rebalancing of its assets within its wallets. Nevertheless, the internal transfer created an impression that LTHs were pulling off the biggest sell-off ever on the Bitcoin market. The interpretation triggered sell pressure as the distorted on-chain metrics made a go for profit. This might be the reason behind Bitcoin’s recent price slip on the broader market below $90,000. In the last 24 hours, however, Bitcoin has climbed from a low of $86,565.02 to hit an intraday peak of $91,897.58 in a renewed recovery move . As press time, Bitcoin exchanged hands at $90,485.81, which represents a 4.33% increase. The trading volume jumped by 21.9% to $72.73 billion within the same time frame. It appears investors’ confidence has been rekindled, and if the momentum is sustained, it could trigger a rally. You Might Also Like Thu, 11/27/2025 - 13:52 XRP Named Among Most Popular Cryptos on Major US Exchange: Details By Tomiwabold Olajide Can Bitcoin flip $100,000 by November's end? Bitcoin’s resurgence to the $90,000 level has seen short-position traders suffer massive liquidations . A significant $8.03 million were wiped out as the coin reclaimed this critical level. The upward movement has sparked hopes of a possible rally to reclaim the psychological $100,000 target. Some are tagging the rally as a possible "Thanksgiving pump" as the buyers' pattern signals renewed interest in the coin. If the upward surge continues, Bitcoin might flip into the six-digit price range before November ends. Now, market observers are keen to watch how investors engage the asset and the impact it might have on the price outlook. #Bitcoin #Coinbase