Bitcoin ($BTC) is facing extreme turbulence, while the market volatility is growing to a notable extent. Meanwhile, Binance, Bybit, and Coinbase are reportedly dumping Bitcoin ($BTC) in notable amounts. As per the data from Arkham shared by DeFi Tracer, $BTC has plunged to $89,058.34 amid these continuous liquidations indicating a 4.13% decrease over the past 24 hours. Hence, this has led to massive sell pressure, triggering wider concerns.
🚨 BREAKING:
BINANCE, COINBASE AND BYBIT DUMPING MILLIONS OF $BTC EVERY MINUTE
THEY ARE NON-STOP SELLING BITCOIN DURING LOW LIQUIDITY HOURS TO LIQUIDATE LONG POSITIONS ON THEIR EXCHANGES
THIS IS PURE MANIPULATION!! 👀 pic.twitter.com/bFEVU7kR85
— ᴛʀᴀᴄᴇʀ (@DeFiTracer) January 20, 2026
Bitcoin Volatility Surges as Binance, Bybit, and Coinbase Continue to Dump $BTC
As the on-chain statistics reveal, the hot crypto wallets on the key crypto exchanges are continuously offloading Bitcoin ($BTC). In this respect, Binance, Bybit, and Coinbase have emerged as the leading names, with transfers within the range of 15-100 $BTC. The values of the respective transactions reportedly stretched from $1.41M to almost $9.09M. Additionally, the occurrence of the majority of these transactions between the aforementioned crypto exchanges highlights synchronized activity amid the phases of low liquidity.
Thus, such concentrated transfers appear to be focused on the liquidations of leveraged long $BTC positions, raising volatility. This could have a notable impact on the confidence of retail Bitcoin investors. The development occurs at a critical time, when the trading activity is substantially low, increasing the probability of the most severe price impact.
Persistent Offloading Poses Risk to $90K Threshold of Bitcoin
According to Arkham Tracer, the present support levels of Bitcoin ($BTC) are experiencing substantial stress, with $90K presenting a crucial battleground. So, in the case of a persistent selling pressure, a breakdown below the respective threshold could lead to additional panic selling as well as increased liquidations across different derivatives markets. Overall, the flagship crypto asset remains locked within a volatile price range while liquidity crunches are amplifying every shift.