CryptoQuant: Surge in BTC and Altcoin Exchange Deposits May Signal Increased Market Volatility

Odaily Planet Daily News – CryptoQuant reports that the inflow of Bitcoin, Ethereum, and altcoins into exchanges has risen significantly in recent days. Historically, this pattern often indicates that the crypto market is about to enter a phase of higher volatility. CryptoQuant's Head of Research, Julio Moreno, pointed out that on June 30, the number of Bitcoin deposits into exchanges reached nearly 49,000 BTC, an exceptionally rare and extreme level. Earlier this year, similar single-day deposit peaks of close to 50,000 BTC occurred only four times, and these peaks were typically followed by significant price volatility and clear directional trends. The report suggests that, given the current scale of inflows, the market is absorbing a large amount of Bitcoin being transferred to exchanges. Since deposits into exchanges often imply potential selling pressure, position adjustments, or increased demand for derivatives margin, this could trigger more intense price fluctuations. CryptoQuant also noted that the inflow of Ethereum and altcoins into exchanges is rising as well, indicating that the pressure is not limited to Bitcoin but is spreading across the broader crypto asset market. Overall, the surge in exchange deposits may signal that the short-term market direction is about to undergo a more substantial shift.