Bitcoin Exchange Reserves Plummet Amid Market Volatility; Nexchain Presale Reaches Stage 29

01.12.2025 16:35 5 sources neutral

Bitcoin exchange reserves saw one of the fastest multi-day declines of the year, dropping from roughly 2.4 million BTC to 1.82 million BTC between November 21 and November 27, according to CryptoQuant data. This outflow of over 580,000 BTC in under a week has sparked discussions on large wallet activity and market risk positioning.

Concurrently, broad market volatility intensified early Monday following a report from Yearn Finance about an issue affecting the liquidity of its yETH pool. This contributed to renewed selling pressure, with Bitcoin falling more than 4% to trade near $86,500, Ethereum dropping around 6%, Solana recording a sharp 7.7% decline to approximately $126.75, and Dogecoin sliding 8.4%. XRP and other assets also turned red, shifting some investor attention toward presale opportunities.

On-chain data from Santiment suggests institutional movement, with 91 new wallets holding at least 100 BTC created since November 11, while smaller wallet counts decreased. Bitcoin's price showed partial recovery, trading near $91,700 with a 6% daily increase, but remains about 27% below its all-time high of over $126,000 from early October.

Nexchain's presale progress has drawn significant interest, advancing to Stage 29 and raising over $12.25 million. The NEX token is priced at $0.116 in the presale, with a planned listing price of $0.30, representing a potential ROI of 259%. Testnet 2.0 introduces upgraded modules for transaction analysis, sender reputation, and cross-chain interoperability, reinforcing its position in the Web3 ecosystem.

NEX token holders receive 10% of daily network gas revenue when tokens are stored in non-custodial wallets, adding utility. The project's transparent buying process and active development have made it a standout in top crypto presale evaluations, especially as market conditions fluctuate.