Bitcoin Drop Spurs Exchange-Flow Debate Beyond Binance
A single-source analysis attributes heavy spot selling during Bitcoin’s decline to Coinbase rather than Binance.
A single-source analysis attributes heavy spot selling during Bitcoin’s decline to Coinbase rather than Binance. Bitcoin (BTC) is trading at $65,003.00, up 0.4% since this brief published. This is an original TLT brief based on reporting by U.Today, with live market data added, as of Sun, 15 Nov 2026 19:15:02 UTC.
The exchange responsible for the selling matters because it affects how traders interpret the decline and where the reported $1.08 billion in spot outflows originated.
- Bitcoin reached a reported $61,956 during the sell-off covered by U.Today.
- Coinbase recorded $1.08 billion in net spot selling, according to U.Today.
- BTC trades at $64,756, down 1.68% over 24 hours.
- Seven-day losses stand at 14.46% amid extreme-fear conditions.
- Binance Reopens HYPE and APT Withdrawals as Exchange Reserves Fall
- Bitcoin Drop Spurs Exchange-Flow Debate Beyond Binance — this brief
U.Today reported that traders initially pointed to Binance as the main driver behind 
Bitcoin’s slide to $61,956. The outlet’s review of exchange-level spot data instead identified Coinbase as the source of heavy net selling, putting the reported figure at $1.08 billion.
That attribution is the central finding of the coverage. No additional outlet supplied in the material independently confirmed the Coinbase flow figure or the account of trader sentiment, so the exchange-level conclusion remains attributable to U.Today rather than a broader multi-source consensus.
The episode occurred against a broader risk-off backdrop. The total crypto market capitalization stood at $2.26 trillion while the overall market was broadly lower. The reported Bitcoin level of $61,956 came before the live price shown in the accompanying market data, which places BTC at $64,756.
Bitcoin was down 1.68% over 24 hours and 14.46% over seven days, while the Fear & Greed index registered 10, categorized as Extreme Fear. Bitcoin’s market capitalization was $1.3 trillion, leaving it responsible for a substantial share of the $2.26 trillion total crypto market.
The distinction between Binance and Coinbase may affect how market participants evaluate the reported sell-off. Coinbase’s net spot flow is the figure singled out in the coverage, but further exchange-level flow data would be needed to determine whether that pattern persists or changes as Bitcoin trades around the current $64,756 level.
Since this brief published about 7 hours ago, Bitcoin (BTC) has moved from $64,756.00 to $65,003.00 — +0.38%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $60,000 in November?
Crowd-implied probability on Polymarket, $197.75K 24h volume, resolves Dec 1 — snapshotted when this brief published (Nov 15 15:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦91.91M (about $65,003.00), down 0.8% over 24 hours. The naira itself trades about 4.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitcoin Drop Spurs Exchange-Flow Debate Beyond Binance — questions & answers
Which exchange did U.Today identify as the main source of selling?
U.Today identified Coinbase, reporting $1.08 billion in net spot selling while traders were blaming Binance.
How low did Bitcoin go in the sell-off covered?
The report cited Bitcoin sliding to $61,956, compared with a live price of $64,756.
What was Bitcoin’s seven-day performance?
Bitcoin was down 14.46% over seven days, alongside a 1.68% decline over 24 hours.
How much is 1 Bitcoin worth in naira today?
About ₦91.91M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $65,003.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.38% since this brief first published — trading at $65,003.00 now versus $64,756.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from U.Today. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.