Bitcoin Exchange Outflows Rise As Former White House Advisor Says Sellers Will Regret

Former White House crypto advisor Bo Hines said he “feels sorry for people that sell their Bitcoin,” voicing long-term conviction as on-chain data point to renewed holding behavior.

His comment lands as according to CryptoQuant analyst Burak Kesmeci, the 30-day moving average (SMA30) of net inflows to Binance has turned negative in recent weeks. The analyst noted that such negative flow often signals a market desire for self-custody with long-term confidence rather than short-term trading activity.

Kesmeci noted that analysts should focus on the 30-day average instead of daily fluctuations to understand ongoing market behavior better.

Spot last traded near with $2.15 trillion in market value and $103 billion in 24-hour volume. Repeated failures at $114,000 confirm near-term supply.

A daily close above $114,000 re-opens $119,000 to $123,000. Failure to reclaim that level keeps risk toward $105,000 to $102,000.

Glassnode data show down close to 30% since the record liquidation event October 10, 2025. Lower OI reduces reflexive cascades on routine drops, but it also sharpens squeeze potential if price breaks through $114,000 as shorts lean on the ceiling.

The October correction, it should be noted, led to the largest single-day liquidation in crypto history, wiping out more than $19 billion in leveraged positions. Since then, market activity has slowed, with traders adopting a more conservative approach.