Bitcoin Exchange Deposits Spike; Volatility Risk Rises
CryptoQuant reported Bitcoin deposits to centralized exchanges hit nearly 50,000 BTC/day and average deposit size doubled to about 2 BTC; a break below $60,000 could push BTC toward $53,000.
Blockchain analytics firm CryptoQuant reported that Bitcoin deposits to centralized exchanges surged to nearly 50,000 BTC per day last week, the fourth time deposits have reached that level in 2026. The firm also found the average deposit size roughly doubled to about 2 BTC during the spike.
CryptoQuant noted that large inflows to exchanges increase available supply for trading and have historically preceded sharp price swings. The firm’s report reads: “The spike coincides with Bitcoin testing the critical $60K support level, which, if breached, could take Bitcoin towards $53K, the realized price.” The report added that at current inflow levels the market is absorbing a large volume of Bitcoin being repositioned to exchanges.
The composition of deposits flagged activity from larger holders. CryptoQuant observed the rise in average deposit size points to whales and institutional accounts rather than small retail transfers. The report states: “Historically, a spike in average deposit size from larger entities is a more bearish signal than high inflow volume alone, as it indicates deliberate repositioning rather than routine activity.”
The surge extended beyond Bitcoin. Ethereum daily inflows peaked near 1.25 million tokens, and deposit transactions for other altcoins climbed above 45,000 per day. CryptoQuant cited an earlier instance in 2026 when a similar altcoin-deposit spike preceded Bitcoin’s decline from about $82,000 in early May to under $58,000 in late June.
Price action around the inflows showed Bitcoin dipping below $60,000 before a modest rebound. After spending time under $60,000, BTC rose about 3.5% to trade near $62,886 this week. The cryptocurrency remains more than 50% below its October all-time high of $126,080. Ethereum climbed nearly 12% to about $1,787 and remains roughly 64% below its peak of $4,946.
Market participants have reported losses during recent corrections. Barstool Sports founder Dave Portnoy acknowledged he was down millions on Bitcoin and added, “Yeah, I’ve got regrets.”
CryptoQuant’s data and the recent price moves show increased exchange inflows, larger average transfers and concurrent altcoin deposits. Analysts and traders are monitoring these on-chain metrics and exchange flows as indicators of potential near-term market volatility.
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