Whale-led exchange inflows jump as Bitcoin tests $60K support
On-chain data show a sharp rise in exchange inflows: BTC deposits exceeded 50K per day, ETH inflows topped 1.25M, and altcoin deposits reached a two-month high. CryptoQuant flags whales as the primary drivers, raising the probability of concentrated distribution and near-term supply pressure. With BTC testing the 60K support zone, elevated inflows increase volatility risk across BTC and tightly correlated majors like ETH.
AI Insight · BTC/USDTAI Insight
▼ Bearish
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On-chain data show daily Bitcoin deposits to exchanges topping 50K, while Ethereum inflows rose above 1.25M and altcoin deposits reached a two-month high. CryptoQuant said the latest wave of inflows appears to be led by whales. Bitcoin is currently testing the $60000 support level, with market volatility rising sharply. The flows point to potential concentrated selling and could affect short-term supply-demand conditions for BTC and closely correlated ETH.