Bitcoin exchange inflows near 50,000 BTC a day as price tests $60,000 floor
AI Market Summary
CryptoQuant data show centralized-exchange BTC deposits nearing 50,000 BTC/day as Bitcoin tests the $60,000 support area, signaling elevated potential sell-side liquidity. The near-doubling in average deposit size suggests whales/institutions are driving flows, which typically carries higher near-term market impact than retail activity. Parallel spikes in ETH and broader altcoin deposit activity indicate risk-off positioning may be spreading across majors.
Impact level
● High
Affected assets
BTC/USDT+0.24%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Odaily Planet Daily, citing CryptoQuant data, said bitcoin deposits to centralized exchanges climbed last week to almost 50,000 BTC per day, marking the fourth occurrence this year at roughly that level. The pickup came as bitcoin probed the key $60,000 support zone; CryptoQuant warned that a decisive break could open the way toward bitcoin's realized price around $53,000.
Average deposit size per transaction nearly doubled over the same period, rising from about 1 BTC to roughly 2 BTC. CryptoQuant attributed the shift to activity from whales and institutional players rather than retail participants.
Ethereum inflows peaked at about 1.25 million ETH per day, while daily deposit transactions for other altcoins increased to more than 45,000.
Bitcoin gained 3.5% this week to $62,886, still over 50% below its October all-time high of $126,080. Ethereum rose nearly 12% to $1,787, about 64% under its all-time high of $4,946. (Decrypt)
