PANews|Jul 04, 2026 00:12
[CryptoQuant: Surge in Bitcoin, Ethereum, and Altcoin Deposits on Exchanges, Market Volatility May Intensify]
According to The Block, CryptoQuant stated that deposits of Bitcoin, Ethereum, and altcoins on exchanges have surged, a pattern historically signaling periods of heightened volatility in the crypto market. Julio Moreno, Head of Research at CryptoQuant, noted in a report that on June 30, Bitcoin exchange deposits climbed to nearly 49,000 BTC, an exceptionally rare occurrence this year, with only four previous instances of single-day deposits approaching 50,000 BTC. He mentioned that following such large-scale deposit peaks, price volatility and directional movements tend to intensify significantly. CryptoQuant also pointed out that deposits of ETH and altcoins on exchanges are steadily increasing, indicating that the crypto market is under greater pressure.
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